Overview
- Santander’s new three‑year strategy targets €20 billion net profit in 2028, more than 210 million customers, RoTE above 20%, TNAV per share plus dividends up 20%, and an efficiency ratio around 36%.
- The bank keeps a 50% payout for 2026, split equally between cash dividends and share buybacks, then shifts from 2027 to 35% via dividend and 15% via buybacks.
- The group commits to distribute excess capital to shareholders at the conclusion of the 2026–2028 plan, subject to the plan’s end‑period conditions.
- The AGM is convened for 26 March 2026 on first call or 27 March on second, with a proposed €0.125 per‑share complementary cash dividend payable from 5 May 2026.
- Board proposals include appointing Deborah Vieitas and re‑electing Sol Daurella, Gina Díez Barroso, Carlos Barrabés and Antonio Weiss, with PwC’s renewal as group auditor also on the agenda.