Banco Santander Sees Double Digit EPS Growth By 2018 - Quick Facts

(RTTNews) - Spanish lender Banco Santander SA (BNC.L, BSBR, SAN) Wednesday announced that it expects increasing its earnings per share, reaching double digit growth by 2018.

The bank now expects to achieve a fully loaded common equity Tier 1 or FL CET1 ratio of more than 11 percent by 2018, compared to 9.8 percent in the first half of fiscal 2015.

Return on tangible equity or RoTE is projected to be 13% by 2018, and cost to income ratio is expected to be less than 45% by 2018.

Further, Santander said its cash dividend payout for 2018 is projected to be 30 to 40 percent.

The bank also projects to have 18.5 million loyal customers by 2018.

The company noted that its priority is revenue growth while keeping focus on traditional "discipline" measures and that it expects to gain profitable market share.