CdM | The chair, Ana Botín, will say today at the shareholders’ meeting that during the first quarter the bank has continued to increase the number of customers and expects to achieve a RoTE of approximately 15.7% (post-AT1), on track to reach the annual target of approximately 16.5%. The CET1 is expected to reach 12.9%, with a tangible book value plus cash dividend per share increasing above 14%.
Among the objectives for 2025 are to achieve revenues of around €62 billion, reduce costs in absolute terms, maintain a stable cost of risk, and achieve a RoTE of approximately 16.5% (post-AT1) and a CET1 of 13%.
Botín added: ‘The recent announcements in the United States about tariffs reflect an increase in trade tensions. As a bank, our goal is to help customers cope with volatility and we are committed to doing so. Our markets, however, continue to show resilience. Employment data, key to asset quality, is very good.’
At today’s meeting, a final cash dividend of €0.11 per share will be approved, charged to the 2024 results, to be paid from 2 May 2025, representing a 19% increase in the total cash dividend per share charged to 2024.
