Madrid (EFE).- Banco Santander obtained a record attributable profit of 9,605 million euros in 2022, 18% more than the previous year, thanks to the growth of commercial activity, the quality of the assets and the control of the costs, the entity has informed the National Securities Market Commission (CNMV).
The main margins of the income statement registered double-digit increases, especially interest, which reflects most of the income, and stood at 38,619 million euros, 15.7% more, while the gross margin, which adds commissions, added 52,117 million and improved by 12.3% year-on-year.
These results allowed the entity to improve its return on equity (ROTE) to 13.4%, thereby exceeding the target of 13% that had been set.