Bulletin

Santander UK gains as mortgage demand rises and customers switch current accounts

Santander - UK profits increased by 13% - SantanderCB

Santander UK's profits increased by 13% to £532m in the first quarter of the year as it joined in the mortgage boom and attracted more new current account customers.

The bank gave out £7.1bn of mortgages in the three-month period and gained an extra 131,000 customers, indicating that its plan to take on the big four high street banks is working.

However, there are also challenges - despite increasing mortgage and business lending sharply, revenue did not increase compared with the same period a year ago, hovering at £1.16bn. Meanwhile, Santander has made progress on customer service.

GFK's financial research survey now gives the bank a customer satisfaction score of 62.5%, above the average of the top three banks.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?