Strong Volume Growth
Loans and customer funds are up close to 7% year-on-year, with insurance business premiums up 13% and a net addition of almost 400,000 new clients in Spain.
Improved NII and Asset Quality
Net Interest Income (NII) saw a 1.4% increase quarter-on-quarter, with asset quality at record lows and improved cost of risk guidance.
Economic Growth in Iberia
Upgraded GDP estimates for Spain to 2.9% from 2.4%, with strong contributions from private consumption and investment.
Record Performance in Wealth Management
Wealth management market share continues to be significantly higher than competitors, with a 12% growth in revenues from services.
Shareholder Returns
Announcement of an interim dividend at the upper range of policy and a new EUR 500 million share buyback program.
Operational Innovations
Multiple innovative projects launched, including Tap To Pay, Apple Pay Later, and successful growth in the 'imagin' digital banking platform.