o\tProfit before tax amounted to 1 705 MM NOK as of Q2 2026, an increase of 11.1%
\ncompared to the same period last year.
\no\tNet interest income amounted to 3 415 MM NOK, a decrease of -4.4% compared to
\nthe same period last year.
\no\tThe Group’s gross outstanding loans to customers ended at 173 536 MM NOK.
\no\tCustomer deposits amounted to 92 535 MM NOK.<\/p>\n
In Q2, the Group experienced a decline in outstanding loans and new business
\nvolumes, while profitability substantially improved despite difficult market
\nconditions and lower assets.<\/p>\n
The Group’s profit before tax amounted to 1 705 MM NOK as of Q2 2026, an
\nincrease of 11.1% compared to the same period last year. The improvement is
\nmainly driven by better risk performance, as well as being supported by lower
\noperating expenses following successful cost reduction initiatives.<\/p>\n
Per Q2 2026, the Group’s financial results showed a net interest income of 3 415
\nMM NOK, representing a decrease of 158 MM NOK (-4.4%) compared to Q2 2025. The
\nchange in net interest income was due to lower interest income of -606 MM NOK
\n(-9.8%), partly offset by lower interest expenses of -448 MM NOK (-17.0%)
\ncompared to Q2 2025. Comparing the periods, both interest income and interest
\nexpenses have substantially decreased due to lower assets and lower market
\nrates.<\/p>\n
Net impairment losses ended 113 MM NOK lower in Q2 2026 vs Q2 2025, due to
\nstrong risk management driven by lower write offs and non-performing loans.<\/p>\n
As of Q2 2026, the Group’s gross outstanding loans decreased with 12 034 MM NOK
\n(-6.5%) compared to year end 2025. Auto shows a decrease of 9 247 MM NOK
\n(-5.6%), driven by lower new business volumes and negative FX impacts. Unsecured
\nloans are also showing a decrease of 2 716 MM NOK (-13.4%) driven by lower new
\nbusiness volumes and negative FX impacts. <\/p>\n
Customer deposits decreased with 6 932 MM NOK (-7.0%) vs. year-end 2025,
\nreflecting planned portfolio optimization.<\/p>\n
Contact information:
\npressnordics@gruposantander.com<\/p>\n
Santander Consumer Bank is a part of Banco Santander. In the Nordics Santander
\nemploys around 1200 people. The bank has 1.3 million customers in the Nordics,
\nis market leader within auto finance and offers a range of loan products,
\ndeposit and insurance.<\/p>\n
\nClick here for more information<\/p>\n
\u00a9 Oslo Bors ASA, source Oslo Stock Exchange<\/p>\n","protected":false},"excerpt":{"rendered":"o Profit before tax amounted to 1 705 MM NOK as of Q2 2026, an increase of 11.1%…\n","protected":false},"author":2,"featured_media":110,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[144,147],"class_list":["post-70498","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banco-santander","tag-banco-santander","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/70498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=70498"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/70498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/110"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=70498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=70498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=70498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}