Banco Santander Posts 9-month Profit

Spanish Financial Group Banco Santander S.A. (BNC.L,BSBR,SAN) Wednesday reported profit for the nine months, driven by good volume growth, with lendings up 4 percent and deposits up 6 percent, both year-on-year.

The Group posted attributable profit of 5.85 billion euros for the nine-month period, compared to a loss of 9 billion euros last year. Excluding restructuring costs, the Group said, its underlying profit grew 74 percent to 6.38 billion euros.

Net operating income for the period rose 5 percent to 18.8 billion euros. At constant currency, operating income grew 11 percent.

For nine months, the Group's total income grew 3 percent to 34.6 billion euros, while it was up 8 percent at constant currency. Net interest income was up 2.6 percent to 8.46 billion euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Home improvement company Lowe's and pet retailer Petco Health and Wellness Co. are set to launch a pilot store-in-store program whereby a total home solution will be offered to customers by bringing home improvement as well as pet care products, services and expertise together under the same roof. Chevron Corporation (CVX) reported fourth quarter profit of $5.1 billion or $2.63 per share, compared to a loss of $665 million or $0.33 per share, previous year. The company's U.S. upstream operations earned $2.97 billion, compared to $101 million, a year ago. The company said the improvement was primarily... While reporting financial results for the fourth quarter on Friday, Colgate-Palmolive Co. (CL) initiated its earnings and sales growth guidance for the full-year 2022. For fiscal 2022, the company now expects earnings per share to grow in double-digit percentage and adjusted earnings per share growth...
Follow RTT