Santander, the Spanish-owned banking group, announced a 14% rise in pre-tax profits, reaching £1.51 billion for 2025. This growth occurred despite challenges in its motor finance division, which faced another setback during the period.
The bank also revealed plans to implement further cost-cutting measures as part of its strategy to maintain profitability and improve efficiency across its operations.
**Why this matters**
Santander’s ability to increase profits amid difficulties in a key lending segment highlights its resilience and operational strength. The decision to reduce costs further indicates ongoing efforts to adapt to market pressures and sustain financial performance in a competitive environment.
Source: NewsData