Santander has obtained regulatory authorization to acquire 89.9% of Tresmares Capital, an alternative financing and private equity platform founded in 2020 that offers financial solutions to high-growth SMEs and private equity managers throughout Europe.

The board of directors of Banco Santander today announced its decision to submit a final cash dividend for 2024 of 11 euro cents per share for approval at the forthcoming annual general meeting (AGM), expected to be held on 4 April 2025. 

The bank is now up and running across all of Mexico with a comprehensive suite of everyday banking products that includes interest-bearing accounts, debit and credit cards, and cash withdrawals at 10,000 Santander ATMs.

In addition, the group maintained disciplined cost control, with the best efficiency ratio in 15 years. Tax on profit in the period was €5,283 million, up 18%, resulting in an effective tax rate of 28%.