Santander achieved Attributed profit of 8 billion 143 million euros In the first nine months of 2023, 11% more in current euro (13% more in constant euro) compared to the same period in the previous year strong revenue growthThis allowed the increase in provisions, especially in Europe and Mexico, to be neutralized, according to information sent to the National Securities Market Commission (CNMV) on Wednesday.
In the third quarter, Attributable profit increased by 26% (20% more in current euro terms) up to 2 billion 902 million euros compared to the third quarter of 2022.
Gross profit margin increased by 13% to 43 billion 95 million euros. Increase the number of customers by nine millionThis brings the total to 166 million. The bank explains this recovery in customer activity and interest rates It led to a 16% increase in interest marginUp to 24.134 million euros.
Similarly, net commissions increased by 6% to 9 billion 222 million euros, thanks primarily to the sale of value-added products in global businesses. These businesses represent 38% of total revenue and 42% of commission income. Moreover, interest margin and commission income They represent 96% of the group’s total revenue.