Banco Santander

Banco Santander is a financial institution focused on profitable, diversified, and sustainable operations. The company aims to be a primary bank for its customers, providing services to individuals and businesses. It utilizes technology to offer tailored products and enhance customer experience across various channels, including digital platforms, remote services, and physical stores. Banco Santander's strategy is built on customer centrality, expanding its customer base through a multichannel offering, and diversifying revenue by growing retail deposits and commissions. The company emphasizes expertise in credit and efficiency, strengthening its portfolio and managing costs. It leverages its people and technology to support business transformation. Banco Santander recorded net income of R$12,965 million in the year ended December 31, 2025, R$13,414 million in 2024, and R$9,499 million in 2023. This represents a 3.3% decrease in net income for the year ended December 31, 2025, compared to the year ended December 31, 2024. The company maintained capital adequacy ratios of 15.4% in 2025, 14.3% in 2024, and 14.5% in 2023. It also focuses on sound risk management, continuous improvement of internal models, and maintaining credit risk indicators consistent with its policies. The company develops a productivity culture to improve operational efficiency through process simplification, digitization, and technology implementation, while prioritizing capital allocation to operations with higher profitability and good asset quality.