In line with the new shareholder payout policy announced at the bank’s Investor Day in February, the 2023 interim shareholder remuneration will be approximately €2,620 million, some 50% of Santander’s first-half attributable profit .

Going forward all the bank’s activities across all markets will be consolidated under five global areas: Payments, Corporate & Investment Banking, and Wealth Management & Insurance, and the two new global businesses, Retail & Commercial, and Digital Consumer Bank.

Francisco del Cura, currently Global Head of Insurance, will become chair of Santander Insurance Holding and Armando Baquero will be CEO. Both will report to Víctor Matarranz, Senior Executive Vice President of Grupo Santander and Global Head of Wealth Management & Insurance.