Santander Totta's Q1 Profit Slips 9.8% to €242 Million as Net Interest Margin Compresses — Lending Book Climbs to €56.2 Billion and the Bank Originates One in Five New Portuguese Mortgages
Santander Totta posted €242.4M Q1 net profit, down 9.8% YoY as net interest margin compressed 3.5%. Lending grew 10.8% to €56.2bn, the bank wrote one in five new Portuguese mortgages, and CET1 hit 15.6%. RoTE remained 31.4%, the highest in the system.
