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Evening Standard
Evening Standard
National
Holly Williams

Santander UK profit slumps as questions remain over future of British arm

Santander Santander UK United Kingdom Banco Santander
Santander has revealed annual profits tumbled by nearly 40% in the UK as speculation continues to swirl over the future of the British business (PA) - (PA Wire)

Santander has revealed annual profits tumbled by nearly 40% in the UK as speculation continues to swirl over the future of the British business.

The Spanish-owned high street banking giant reported a 38% drop in pre-tax profits to £1.33 billion for 2024 after taking a hit from provisions for possible motor finance mis-selling and higher savings rates.

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