Key facts
- Profit before tax decreased 5.8% to 1.158 billion pounds for the nine months ended Sept. 30, 2026.
- Credit impairment charges rose 192 million pounds, partly due to TSB acquisition and economic outlook.
- Restructuring and specific provisions increased 361 million pounds.
Santander UK Group Holdings plc reported a 5.8% decrease in profit before tax to 1.158 billion pounds for the nine months ended September 30, 2026, compared to 1.229 billion pounds in the same period of 2025. The decline was primarily driven by a charge related to historical motor finance commission payments and higher restructuring costs, partially offset by TSB's contribution to profit. The bank anticipates further cost-cutting measures for the remainder of the year.