Santander's AI-driven tech consolidation boosts H1 profits to record €7.3B, with 12M new customers added.

Santander reported a record underlying profit of €7.3 billion in the first half of 2026, driven by its digital transformation and AI integration under the ONE Transformation initiative. The bank's profit rose 15% year-on-year, with a 17% increase in Q2 alone, supported by a 6% revenue growth and a 2% reduction in costs. ONE Transformation focuses on unifying technology platforms globally to enhance efficiency and customer experience through AI and data. Santander aims to continue revenue growth and cost discipline, targeting profits above €20 billion by 2028.