Ana Botín of Banco Santander has received a 2.5% salary increase for 2025, totaling 14.78 million euros, linked to the achievement of performance goals.
Ana Botín, the president of Banco Santander, saw her salary rise to 14.78 million euros in 2025, reflecting a 2.5% increase from the previous year. This increase is attributed to the successful fulfillment of performance-related goals, with a fixed salary slightly lower than the previous year. Botín's earnings consist of a mix of fixed and variable compensations, the latter contributing significantly to her overall pay increase.
In comparison, other major banking executives also experienced notable salary increments. Gortázar from CaixaBank earned 5.19 million euros, and the advisory board has proposed a 20% raise for him in the upcoming year. Additionally, González-Bueno at Sabadell has been rewarded with a 45% salary increase after winning the OPA of BBVA, marking a significant year for him at the helm of the bank.
Banco Santander is aiming for ambitious growth targets, looking to exceed 20 billion euros in profit over the next three years while expanding its client base to 210 million. The increased compensation for top executives like Botín often sparks discussions about executive pay, its justification in relation to company performance, and the broader implications for remuneration practices within the banking sector, particularly in light of economic conditions in Spain.
