Santander's Q3 net profit rises 8% from same period in 2024

Core Insights - Santander's net profit in Q3 increased by 7.8% compared to the same period in 2024, driven by higher fees and lower loan loss provisions, despite a decline in lending income [1] Financial Performance - The net profit growth of 7.8% indicates strong financial performance for Santander in the third quarter [1] - The increase in fees and reduction in loan loss provisions were significant factors contributing to the profit rise [1] - There was a noted decline in lending income, which was offset by the aforementioned factors [1]