Finance
Santander's Botin total compensation rises 34.6% in 2025 to 18.54 million euros
Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: February 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: February 25, 2026
Ana Botin’s 2025 pay rose 34.6% to €18.54m, driven by equity awards, as Santander posted a record €14.1bn profit. The bank also lifted its 2028 profit target to above €20bn.
MADRID, Feb 25 (Reuters) - Santander's executive chair Ana Botin was paid 18.54 million euros ($21.88 million) in 2025, up 34.6% from 13.77 million euros in 2024, the lender said in its annual report on Wednesday.
The rise in Botin's compensation comes after the euro zone's biggest lender in terms of market value reported a record 14.1 billion euros net profit in 2025.
On Wednesday, it hiked its 2028 profits target to above 20 billion euros.
Botin's remuneration includes 8.311 million euros in shares or financial instruments, nearly half of which stemmed from a 126% surge in the bank's stock last year.
Her pay also includes a bonus in cash of 4.264 million euros, 2.533 million euros in other remuneration, as well as 3.435 million euros related to her salary.
($1 = 0.8473 euros)
(Reporting by Jesús Aguado; editing by Emma Pinedo)
Santander’s executive chair Ana Botin saw her total compensation rise 34.6% to €18.54 million in 2025, alongside the bank’s record annual profit.
The rise reflects strong 2025 performance, with record profits and equity-linked awards that appreciated with Santander’s share gains.
The bank reported a record €14.1 billion net profit for 2025 and upgraded its 2028 profit target to above €20 billion.
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