Brief: Santander Sees No Reason To Increase Provisions On Motor Finance Ruling In Uk

Erste Bank AG

30/04/2025 10:24

April 30 (Reuters) - Spain's Santander SAN.MC executives at analysts' call:

NET INTEREST INCOME WILL BE SLIGHTLY UP IN 2025 IN CONSTANT EUROS, EXCLUDING ARGENTINA, BUT DOWN IN CURRENT EUROS

AT THIS POINT THERE IS NO CERTAINTY ABOUT POTENTIAL DISPOSAL OF A STAKE IN ITS POLISH UNIT

BANK HAS MORE ROOM TO IMPROVE EFFICIENCIES IN COMING YEARS

BANK HAS A FIDUCIARY DUTY TO LOOK AT ASSET REVIEWS, INCLUDING POTENTIAL DISPOSAL OF A 49% STAKE IN ITS POLISH BANK, BUT HAS NO FURTHER NEWS

COST OF RISK TO IMPROVE IN BRAZIL, IT IS AT ITS HIGHEST LEVEL NOW, WE HAVE ALREADY SEEN THE WORST

POSITIVE OUTLOOK FOR ITS BUSINESS IN THE U.S. HAS NOT CHANGED

BANK WILL CONTINUE PUSHING ON ORGANIC GROWTH IN MEXICO

WILL MAINTAIN NET INTEREST INCOME GUIDANCE IN SPAIN UNCHANGED

SEES NO REASON TO INCREASE PROVISIONS RELATED TO MOTOR FINANCE RULING IN THE UK

SEES LOW SINGLE-DIGIT GROWTH IN NET INTEREST INCOME IN THE UK IN 2025

IS CONVINCED BANKS IN UK AND EUROPE CAN CONTRIBUTE TO IMPROVE COMPETITIVENESS TO CONTRIBUTE TO GROWTH ASKED ABOUT RING-FENCING RULES

THINKS HAVING SIMPLER FRAMEWORK TO OPERATE WOULD HELP, IMPACT FOR BANK IS NEGLIGIBLE, ASKED ABOUT CHANGES TO RING-FENCING RULES

Further company coverage: SAN.MC

 (Reporting By Jesús Aguado)

 ((jesus.aguado@thomsonreuters.com;))