Santander Tops 2Q Estimates on Spain Profit Boost

The transcript discusses Santander's strong quarterly results, driven by higher interest rates and customer growth. It highlights a 2.7 billion return on tangible equity and a 12% value creation for shareholders. The company added nine million new customers in the first half of the year. While facing rate sensitivity in Europe, Santander anticipates benefits from rate changes in South America in 2024, maintaining a positive outlook for future earnings.

What was the return on tangible equity reported by Santander in the second quarter?

• 14.5%

• 16.5%

• 12.5%

• 10.5%

How many new customers did Santander add in the first six months of the year?

• Nine million

• Eleven million

• Five million

• Seven million

Which region is expected to benefit from decreasing interest rates in 2024?

• North America

• South America

• Europe

• Asia

What is the expected impact of interest rates on Santander's business in Europe?

• Negative impact due to increasing rates

• Positive impact due to stable rates

• Positive impact due to decreasing rates

• No impact

What is Santander's outlook on the future evolution of their net interest income?

• Uncertain

• Neutral

• Pessimistic

• Constructive