Overview
- The bank reported €1.39 billion net profit for January–September, up 7.3% year on year and a record for the period.
- Net interest income fell 3.2% to €3.63 billion as rates declined, while net fees rose 2.1% to €1.03 billion and total banking income slipped 2% to €4.66 billion.
- Lending volumes grew 8.1% to about €120.1 billion and the non‑performing loan ratio improved to 2.45%, supported by lower provisioning needs.
- The sale of TSB to Santander contributed €242 million to reported earnings, with group RoTE at 15% (14.1% recurrent) and the CET1 ratio at 13.74%.
- Management reaffirmed a €6.45 billion three‑year shareholder return plan, guided for dividends above €0.2044 per share and set a €0.07 interim payment for December 29, as the shares fell more than 4% after the release.