The bank plans to close 44 branches, putting nearly 300 jobs at risk, while bad debt charges rose 40% to £73 million. Operating costs fell 7% during the quarter. 5%.
25% by end of 2027. New CEO Mahesh Aditya told the Daily Express the bank has not yet seen significant borrower difficulties from the Iran war cost surge, but has proactive support measures in place. Santander said it will not contest the Financial Conduct Authority's proposals for motor finance redress and will pay compensation.