Banco Santander on Track to Meet 2023 Targets, CFO Says

The video discusses the company's strong performance, highlighting customer growth and increased revenue. Despite inflation challenges, the company maintains a focus on cost management, achieving a low efficiency ratio. Clarifications are provided on financial metrics, including the impact of taxes on return on tangible equity, with the company remaining on target to meet its goals.

What was a significant factor contributing to the company's growth in the last quarter?

• Reduced loan volumes

• Lower net interest margins

• Higher interest rates

• Decrease in customer base

What was the company's return on tangible equity in the first quarter after accounting for the windfall tax?

• 16.5%

• 15.3%

• 14.4%

• 13.7%

How does the company plan to achieve its target return on tangible equity?

• By increasing customer fees

• By spreading the windfall tax throughout the year

• By closing branches

• By reducing staff costs

In which region is the company facing significant cost management challenges due to inflation?

• Asia

• Europe

• North America

• Latin America

What is the company's key objective in managing costs amid inflation?

• To eliminate all costs

• To increase costs above inflation

• To maintain costs at the same level as inflation

• To grow costs below inflation