Santander, the Spanish-owned banking group, announced a 14% rise in pre-tax profits, reaching £1.51 billion for 2025. This growth comes despite ongoing difficulties in its motor finance division, which has faced another setback.
The bank also confirmed plans to implement further cost-cutting measures to support its profitability and operational efficiency moving forward.
**Why this matters**
Santander’s ability to increase profits despite challenges in a key business area highlights its resilience and strategic focus. The decision to reduce costs further indicates the bank’s commitment to maintaining financial stability in a competitive and uncertain market environment.
Source: NewsData