Banco Santander reported a robust second-quarter net profit of €3.21 billion, marking a 20% increase year-on-year, driven primarily by its retail business and effective margin management in Europe and Brazil. The bank's first-half attributable profit also rose to €6.06 billion, up 16% from the previous year, supported by strong net interest income and a growing customer base. Santander's return on tangible equity (RoTE) improved to 16.8% in the second quarter, prompting an upgrade in financial targets for 2024, including expectations for high-single digit revenue growth. The bank's CET1 ratio, an indicator of solvency, also strengthened, rising to 12.5%. Despite a positive outlook, Santander noted challenges due to hyperinflation in Argentina. Overall, these results reflect the bank's successful cost control and strategic growth initiatives across its global markets.