Entering text into the input field will update the search result below

Banco Santander, S.A. (SAN) CEO Jose Antonio Alvarez on Q2 2021 Results - Earnings Call Transcript

Aug. 01, 2021 6:20 AM ETBanco Santander, S.A. (SAN), BCDRF
SA Transcripts profile picture
SA Transcripts

Banco Santander, S.A. (NYSE:SAN) Q2 2021 Earnings Conference Call July 28, 2021 4:00 AM ET

Company Participants

Jose Antonio Alvarez - CEO & Vice Chairman

Jose Garcia-Cantera - Senior EVP & Group CFO

Sergio Martinez - Global Head, Shareholder & IR

Conference Call Participants

I Alvaro Serrano - Morgan Stanley

Ignacio Ulargui - Exane BNP Paribas

Benjamin Toms - RBC

Carlos Peixoto - CaixaBank

Britta Schmidt - Autonomous Research

Andrea Filtri - Mediobanca

Sergio Martinez

Good morning, everyone. Thanks for joining today's Grupo Santander first-half 2021 earnings call. As our normal procedure, our group CEO, Mr. Jose Antonio Alvarez, will start the presentation with the highlights on the group first half this year performance, followed by our group CFO, Jose Garcia-Cantera, who will address in detail the different aspects of the first half by business areas before handing over back to our CEO for the key takeaways.

And obviously, plenty of time for a Q&A session. So Jose Antonio, please.

Jose Antonio Alvarez

Thank you, Sergio. Thank you to everyone for joining us this morning. I would say, when I look at the first half of the year, I would say that we continue to show the main features of our bank in the sense that we continue to grow. Growth has been one of the features that we get during -- on time.

The growth is reflected both in customers, volumes, deposits, mutual funds, and loans. And also, we translate this into revenues, into the operating profit that grew 13% year on year in constant euros. So our operating income consistently keeps growing. We delivered in volumes, well-diversified across regions and businesses.

The performance was supported during this year, particularly in the pandemia, by increasing digitalization with a strong growth in digital customers and digital sales. Q1 profit, we translate this growth in

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.