2026 Santander Annual General Meeting

Ana Botín, executive chair of Banco Santander, said that strong first-quarter performance supports the full-year targets: “For the first quarter of 2026, we have continued the positive trends of previous years, growing both our customer base and revenue, while costs are expected to decline in constant euros year-on-year, resulting in an improvement in efficiency of approximately 250 basis points. As a result, we are on track to increase profit in 2026 year-on-year.”