Banco Santander increased the number of senior executives receiving over one million euros in 2025 to 458, a 10% rise compared to 2024. According to the Prudential Relevance Report, this figure compares to 318 executives in 2024. The bank attributes the increase to higher bonuses following record profits, with the majority of these high earners based in the US and UK due to more competitive labour markets. The figures include deferred variable remuneration and severance payments. Santander also noted that the 'identified group' of staff, which includes those in risk-taking or control functions, totalled 1,336 people, receiving a combined remuneration of 1.27 billion euros.