Botin Says Santander Is Positioned for Higher Rates

The transcript discusses Santander's strong performance in 2021, highlighting its readiness for rising interest rates and future investments. It covers the US consumer unit's success and plans to pivot towards consumer finance. Inflationary pressures, particularly in Spain, are addressed, with a focus on cost management and revenue growth. The strategy for capital deployment includes potential interest in Citigroup's operations in Mexico, emphasizing organic growth. Legal matters concerning Andrea Mitchell are briefly mentioned, with a focus on business priorities.

What was Santander's profitability target for 2021?

• 13%

• 12%

• 11%

• 10%

What strategic move did Santander announce for the first time?

• Share buyback

• Acquisition of a new bank

• Expansion into Asia

• Launch of a new product line

What is Santander's target return for its US consumer unit next year?

• 24%

• 19%

• 15%

• 10%

How does Santander view moderate inflation?

• As irrelevant

• As a temporary issue

• As a positive factor

• As a negative factor

What percentage of Spain's economy is related to tourism?

• 20%

• 12-13%

• 10%

• 5%

What is Santander's preferred growth strategy?

• Organic growth

• Acquisitions

• Mergers

• Joint ventures

What is the status of the legal matter involving Andrea Mitchell?

• Resolved in favor of Santander

• Under judicial review

• Settled out of court

• Dismissed