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 were the profitability figures for Santander in 2021?

How does Santander plan to position itself for higher interest rates?

How does Santander's performance in the US compare to other regions?

What is the significance of the share buyback announced by Santander?

What are the expected returns for Santander's US consumer unit?

What challenges does Santander face regarding inflation and wage pressures?

What is Santander's strategy regarding acquisitions and organic growth?