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IBOS Association member Banco Santander reported a 58% increase in net profit compared with the same period last year.

With a profit of €2.45bn in the first quarter of 2022, Santander continues to leverage geographic and business diversification to drive growth.

Santander continues to be confident of meeting its financial targets for this year and plans to distribute 40% of underlying profit to shareholders in 2022, split evenly between dividends and share buybacks.

Read the full article via the Financial Times here.