High street bank Santander UK has seen its full-year pre-tax profit rise by 30%, as it continues to trim operating costs.
The Spain-based parent company said profit at its British arm reached €2bn (£1.5bn) last year.
The bank has operations in Spain, Europe and the Americas.
Britain is now the banking giant's biggest market, overtaking Brazil in terms of attributable profit.
The UK supplies a fifth of profit to the parent company in Madrid.
It saw net UK revenue grow by 16.5% to €4.23bn (£3.19bn), with loans up by 3% and invested funds by 2%.
Santander said for the first time since the financial crisis profits increased in all of its 10 key markets.
Last month, Sky News City Editor Mark Kleinman revealed the bank was considering moving parts of its British business overseas if new structural regulatory reforms resulted in an unsustainable burden on its cost-base.
While attributable profit was up 30% in Britain, it rose by a massive 141% in Spain as the company carried out major restructuring following the financial crisis.
The group company also increased its total assets by 12% last year to €1.27trn (£960bn), giving it a strong loan liquidity position at 113% of deposits.
UK current account deposits have increased by €19.3bn, up 47%, on the back of an advertising campaign promoting its interest rates.
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