Operational Levers to Enhance Profitability
Attr. Profit 3,4
Europe
Leading positions in Europe, with potential for €1Bn in
cost efficiencies through further operational integration
Leading market shares...
(loans market share)
#5
#2
...and key contributor for the Group
(as % of total Group; 2018)
RWAs
O
54%
Loans
Deposits
70%
O
75%
Solid returns despite low rates
(2018 ROTE4; local currency)
2018 P&L
(€ Bn)
SCF
#12
#2
#1
16%
12%
13%
11%
9%
SCF
-52%
Gross income
20.8
Operating expenses
-10.7
Net operating income
10.0
1
Att. Profit4
5.2
(1) Adjusted for excess capital, otherwise 10%
SCF market share calculated as retail new car financing over total market passenger cars registrations. Ranking of independent car finance players.
Excluding Corporate Centre and Spain Real Estate Activity
Santander
(2)
(4) Underlying
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