Santander, the Spanish bank, has expressed positive expectations for the first quarter, forecasting an increase in income of about 9% compared to the same period last year. This optimism is supported by a growing number of customers. Moreover, the lending institution announced that it intends to distribute dividends and share buybacks worth more than 6 billion euros ($6.52 billion) this year.

As part of its strategy to achieve its 2024 targets, Santander is aiming for a return on tangible equity (RoTE) of 16% in the first quarter. This forecast takes into account the annual effects of the bank tax in Spain, as the company announced on Friday ahead of its annual general meeting.

These Ambitious Plans Highlight Santander's Confidence in its Business Strategy and its Ability to Grow in a Challenging Market Environment. With this Positive Outlook, Santander Sends a Strong Message to its Shareholders and Customers, Reinforcing its Commitment to Meet Financial Goals and Expectations.