Banco Santander, S.A. (SAN) Q3 2024 Earnings Call Transcript Summary
Banco Santander, S.A. (SAN) Q3 2024 Earnings Call Transcript Summary
Efficiency ratio improved by 229 basis points; CET1 ratio at 12.5%.The following is a summary of the Banco Santander, S.A. (SAN) Q3 2024 Earnings Call Transcript:
以下是桑坦德銀行（SAN）2024年第三季度業績會交易記錄摘要：
Financial Performance:
金融業績：
Q3 profit was €3.3 billion, up 12%; 9-month profit reached €9.3 billion, up 14%.
Efficiency ratio improved by 229 basis points; CET1 ratio at 12.5%.
第三季度利潤爲33億歐元，增長12%; 9個月利潤達到93億歐元，增長14%。
效率比率提高了229個點子; CET1比率爲12.5%。
Business Progress:
業務進展：
Launched Openbank in the U.S., gathered €200 million in deposits; introduced Zinia card with Amazon in Germany.
Significant customer growth with a 50% reduction in digital onboarding time in Brazil.
在美國推出Openbank，在存款方面獲得20000萬歐元; 與亞馬遜在德國推出Zinia卡。
在巴西數字開戶時間減少50%，客戶增長顯著。
Opportunity:
機會：
Expanding global platforms such as Openbank in the U.S.; focus on enhancing digital onboarding and operational efficiencies.
Deployment of a global app successful across multiple countries.
在美國擴大全球平台，例如Openbank；專注於提升數字化客戶註冊和運營效率。
成功在多個國家部署全球應用程序。
Risk:
風險：
Net interest income sensitive to interest rate changes, especially in European and Brazilian markets.
Regulatory changes and economic fluctuations may affect income due to exchange rate and inflation variables.
淨利息收入對利率變化敏感，尤其是在歐洲和巴西市場。
監管變化和經濟波動可能會影響收入，由於匯率和通貨膨脹變量。
Financial Performance:
金融業績：
Banco Santander reported a Q3 profit of €3.3 billion, up 12% from Q3 2023, with a 9-month profit reaching €9.3 billion, a 14% increase year-on-year.
Net interest income (NII) and fees reached record levels, accounting for over 95% of total income.
The efficiency ratio improved by 229 basis points.
Dividend per share increased by 14%, and the cash dividend per share for 2024 is projected to be 39% higher.
Cost of risk improved to 1.14% year-to-date, with expectations to remain in line with the target for 2024.
The CET1 ratio ended September at 12.5%, in line with targets.
桑坦德銀行報告第三季度利潤爲33億歐元，比2023年第三季度增長12%，9個月利潤達到93億歐元，同比增長14%。
淨利息收入（NII）和費用達到記錄水平，佔總收入的95%以上。
效率比率提高了229個點子。
每股股息增長了14%，2024年每股現金股息預計將增長39%。
風險成本率截至目前已經提高到1.14%，預計將與2024年的目標保持一致。
CET1比率截至9月末爲12.5%，符合目標。
Business Progress:
業務進展：
Santander continues to drive its ONE Transformation initiative, advancing towards a simpler, more integrated model with global platforms, which has significantly improved operational leverage and efficiency.
Customer growth is strong, with noteworthy digital onboarding enhancements such as a 50% reduction in onboarding time in Brazil.
Expansion of global platforms is evident with significant milestones like the nationwide launch of Openbank in the U.S., gathering €200 million in deposits and over 7,000 clients within four weeks.
Introduction of Zinia, a co-branded card with Amazon in Germany, illustrates the bank's focus on integrating global solutions into partner processes.
The bank's retail and consumer sectors showed strong revenue growth and much-improved efficiency ratios.
桑坦德銀行繼續推動其 ONE 轉型計劃，朝着更簡單、更一體化的全球平台模式邁進，這顯著提高了運營槓桿和效率。
客戶增長強勁，值得注意的數字營銷增強措施包括巴西數字化開戶時間縮短了50%。
全球平台的拓展顯而易見，重大里程碑包括Openbank在美國的全國推出，在四周內吸引了20000萬歐元的存款和超過7,000名客戶。
在德國與亞馬遜合作推出Zinia聯名卡，說明該銀行專注於將全球解決方案整合到合作伙伴流程中。
該銀行的零售和消費部門展現出強勁的營業收入增長和大幅改善的效率比率。
Opportunities:
機會：
The continued expansion and performance enhancement of global platforms such as Openbank in the U.S. and the deployment of a global app that operates successfully across multiple countries.
Increased investment and focus on digital onboarding and operational models which aim to enhance customer experience and reduce onboarding times, especially notable in Brazil.
持續擴張和性能增強全球平台，如在美國的Openbank，並部署成功運營於多個國家的全球應用程序。
加大投資並專注於數字化入職和運營模式，旨在提升客戶體驗，縮短入職時間，尤其在巴西尤爲引人注目。
Risks:
風險：
The sensitivity of net interest income (NII) to changes in interest rates, as mentioned in the context of European and Brazilian markets where different degrees of sensitivity exist.
Potential impact of regulatory changes and economic fluctuations, as indicated by ongoing concerns about net interest income adjustments due to changes in exchange rates and inflation in markets like Argentina.
淨利息收入(NII)對利率變動的敏感性，如在歐洲和巴西市場中提到的，存在不同程度的敏感性。
監管變化和經濟波動的潛在影響，正如持續關注的關於由匯率和通貨膨脹變化導致的淨利息收入調整的擔憂，尤其是在阿根廷等市場。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
