Banco Santander approves €11.2 billion capital increase to acquire Webster amid regional war fears
Bank of Spain's largest shareholder, Ana Botín, confirmed at the shareholders' meeting that Santander will approve an 11.2-billion-euro share buyback and expansion plan specifically for acquiring US bank Websters Financial Group (Okdiario).
Key Points
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1Banco Santander has approved a capital increase of €11.2 billion to fund its acquisition of Webster.
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2President Ana Botin predicts the bank will achieve record profits in 2026, exceeding those from previous years despite regional conflicts.
Developments
Perspectives
Santander has approved a capital increase of €1,483 million to acquire Webster.
— [Mar 27, 14:10] Santander aprueba la ampliación de capital de 11.200 millones para comprar Webster (Okdiario)Ana Botin predicts that Banco Santander will achieve a new historical profit in 2026 despite the war.
— [Mar 27, 14:53] Ana Botici preve que el Santander alcance en 2026 un nuevo beneficio histo rico pese a la guerra (Feeds.elpais.com)Banco Santander expects to increase its profit in the coming year after starting with 'strong momentum'.
— [Mar 27, 14:53] Banco Santander preve aumentar su benefcio en el prximo an tras un inicio de ao con fuerza (Elperiodicodearagon)Ana Botin confirmed this Friday that the entity will celebrate growth in its shareholders' meeting.
— [Mar 27, 14:53] Ana Botici confirma el crecimiento del Banco Santander este an o a pesar de las amenazas actuales (E0-elmundo.uecdn.es)Ana Botin stated that the bank will surpass its profits in both years despite current threats.
— [Mar 27, 14:53] Ana Botici dice que el Santander superara los beneficios del an o pese al conflicto en Ira (Lavanguardia)Banco Santander's shareholders meeting saw President Ana Boti outline a 2026 growth scenario targeting over €14,000 million in revenue despite global inflation and the conflict near Eastern Europe. The bank reaffirmed its long-term objectives for periods ending by late 2038 to achieve profitability above €2 billion with an ROE exceeding 25% while maintaining a diversified portfolio as risk mitigation strategy against volatility