Santander CEO: UK Business Is Work In Progress
July 30 (Reuters) - Chief Executive Officer of Banco Santander SA SAN.MC, Hector Grisi:
UK BUSINESS IS WORK IN PROGRESS
EXPECTS COST OF RISK TO REMAIN STABLE DUE TO RESILIENCE OF ITS MARKETS
SEES NET INTEREST INCOME SLIGHTLY UP IN THE UK IN 2025
SEES COST OF RISK IN BRAZIL OF AROUND 5% OR BELOW
CFO JOSE GARCIA CANTERA REITERATES 2025 GUIDANCE OF A RISE IN NII IN CONSTANT EUROS, EXCLUDING ARGENTINA, AND A DECLINE IN CURRENT EUROS
GARCIA CANTERA EXPECTS REGULATORY CHARGES OF 20 BASIS POINTS IN SECOND HALF OF 2025
GARCIA CANTERA SAYS EXCESS SOLVENCY ABOVE 13% CAPITAL THRESHOLD WILL BE DISTRIBUTED THROUGH SHARE BUYBACKS SUBJECT TO REGULATORY APPROVAL
GARCIA CANTERA SEES STABILITY IN NET INTEREST INCOME IN ITS U.S. BUSINESS
GARCIA CANTERA EXPECTS ROTE TO EXCEED 20% IN BRAZIL IF INTEREST RATES CONVERGE ON AVERAGE TOWARDS 12% IN 2027
GARCIA CANTERA SEES NET INTEREST INCOME FALLING BETWEEN 4% AND 5% IN SPAIN IN 2025
GARCIA CANTERA SEES INCREASE IN COST OF RISK IN BRAZIL IS NOT COMING FROM INDIVIDUALS BUT RATHER FROM MID-SIZED AND LARGE COMPANIES
