Santander UK profits jumped 14% to £1.51bn in 2025, but they’re also closing branches and warning of rising cyber risks.
Several UK banks, including Santander UK, NatWest, and others, are closing dozens of branches across the country in early 2026. The closures aim to shift focus to digital banking, risking hundreds of jobs and leaving some locations without physical services. Administrators are assessing options for remaining stores.
Major UK banks, including Lloyds and Santander, report strong 2025 profits despite costs from scandals and economic pressures. They are raising profit targets for 2026, citing higher interest rates, fee income, and strategic growth, signaling confidence in sustained profitability amid economic uncertainties.