Message from the chairman
"In the last five years, Banco Santander paid total shareholder remuneration of EUR 24,000 million"
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Read the letter from the CEO
Santander in 2011
|
Gross income |
+
5.3 % |
Net operating income |
+
2.2 % |
Attributable profit |
-
34.6 % |
Total dividend payout |
+
5.2 % |
Efficiency ratio |
+
1.6 p.p. |
Core capital |
+
1.22 p.p. |
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Key figures
| Balance sheet and income statement(*) | 2011 | 2010 | % 2011/2010 | 2009 |
|
| Total assets | 1,251,525 | 1,217,501 | 2.8 | 1,110,529 |
| Customer loans (net) | 750,100 | 724,154 | 3.6 | 682,551 |
| Customers deposits | 632,533 | 616,376 | 2.6 | 506,976 |
| Managed customer funds | 984,353 | 985,269 | (0.1) | 900,057 |
| Shareholders' funds (1) | 80.629 | 75,273 | 7.1 | 70,006 |
| Total managed funds | 1,382,980 | 1,362,289 | 1.5 | 1,245,420 |
| Net interest income | 30,821 | 29,224 | 5.5 | 26,299 |
| Gross income | 44,262 | 42,049 | 5.3 | 39,381 |
| Net operating income | 24,373 | 23,853 | 2.2 | 22,960 |
| Results from continuing operations | 7,881 | 9,129 | (13.7) | 9,427 |
| Attributable profit to the Group | 5,351 | 8,181 | (34.6) | 8,943 |
| Ratios % | 2011 | 2010 | 2009 |
|
| Efficiency (with amortization) | 44.9 | 43.3 | 41.7 |
| ROE | 7.14 | 11.80 | 13.90 |
| ROTE (2) | 10.81 | 18.11 | 21.05 |
| ROA | 0.50 | 0.76 | 0.86 |
| RoRWA | 1.07 | 1.55 | 1.74 |
| Core capital (BIS II) | 10.02 | 8.80 | 8.61 |
| Tier 1 | 11.01 | 10.02 | 10.08 |
| BIS Ratio II | 13.56 | 13.11 | 14.19 |
| Tangible capital / tangible assets (3) | 4.4 | 4.4 | 4.3 |
| Core funding ratio (4) | 81.2 | 79.6 | 76.0 |
| Lending/deposit ratio (5) | 117 | 117 | 135 |
| Non-performing loan ratio | 3.89 | 3.55 | 3.24 |
| NPL coverage | 61 | 73 | 75 |
| The share and capitalisation | 2011 | 2010 | % 2011/2010 | 2009 |
|
| Number of shares in circulation (millons) (6) | 8,909 | 8,329 | 7.0 | 8,229 |
| Share price (euros) | 5.870 | 7.928 | (26.0) | 11.550 |
| Market capitalisation (million euros) | 50,290 | 66,033 | (23.8) | 95,043 |
| Shareholders' funds per share (euros) (1) | 8.62 | 8.58 | 8.04 | |
| Share price/shareholders' funds per share (times) | 0.68 | 0.92 | 1.44 | |
| PER (share price/attributable profit per share) (times) | 9.75 | 8.42 | 11.05 | |
| Attributable profit por acción (euro) | 0.6018 | 0.9418 | (36.1) | 1.0454 |
| Diluted attributable profit per share (euros) | 0.5974 | 0.9356 | (36.1) | 1.0382 |
| Dividend per share (euro) | 0.6000 | 0.6000 | 0.0 | 0.6000 |
| Total dividend payout (million euros) | 5,260 | 4,999 | 5.2 | 4,919 |
| Other figures | 2011 | 2010 | % 2011/2010 | 2009 |
|
| Number of shareholders | 3,293,537 | 3,202,324 | 2.8 | 3,062,633 |
| Number of employees | 193,349 | 178,869 | 8.1 | 169,460 |
| Continental Europe | 63,866 | 54,518 | 17.1 | 49,870 |
| United Kingdom | 26,295 | 23,649 | 11.2 | 22,949 |
| Latin America | 91,887 | 89,526 | 2.6 | 85,974 |
| Sovereign | 8,968 | 8,647 | 3.7 | 8,847 |
| Corporate Activities | 2,333 | 2,529 | (7.8) | 1,820 |
| Number of branches | 14,756 | 14,082 | 4.8 | 13,660 |
| Continental Europe | 6,608 | 6,063 | 9.0 | 5,871 |
| United Kingdom | 1,379 | 1,416 | (2.6) | 1,322 |
| Latin America | 6,046 | 5,882 | 2.8 | 5,745 |
| Sovereign | 723 | 721 | 0.3 | 722 |
(*) Million euros.
(1) In 2011, scrip dividend for May 2012 estimate.
(2) Return on tangible capital.
(3) (Capital + Reserves + Minority Interests + Profits - Treasury stock - Dividends - Valuation adjustments - Goodwill - Intangibles) / (Total assets - Goodwill - Intangibles).
(4) (Deposits + Medium and long-term wholesale financing + net equity) / Total assets (excluding derivatives).
(5) Includes retail commercial paper in Spain.
(6) In 2011, includes shares issued to meet the exchange of preferential shares in December 2011.
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