Santander presents covered bond funding and liquidity overview
SAN•Banco Santander outlined a 2026 funding plan of €18 billion to €22.5 billion. Through September, it had issued €20.9 billion in total, including €5.2 billion of covered bonds, while its liquidity coverage ratio was 145%.
1. Funding and liquidity
Banco Santander outlined a 2026 funding plan of €18 billion to €22.5 billion in a covered bonds investor presentation. Total issuance reached €20.9 billion through September, including €5.2 billion of covered bonds against a target of €4 billion to €5 billion. The group’s liquidity coverage ratio stood at 145%, with €346 billion in high-quality liquid assets. Nine-month attributable profit rose 20% to €12.41 billion, while underlying attributable profit increased 16% to €11.18 billion.
