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Economy

xchrom

(108,903 posts)

6. Santander bank profits rise sharply for second quarter

Reply to Hotler (Original post)

Tue Jul 30, 2013, 07:40 AM

Jul 2013

http://www.bbc.co.uk/news/business-23503890

Europe's biggest bank, Santander, saw its second quarter net profits jump sharply to 1.05bn euros (£910m, $1.39bn) from 123m euros a year ago.

Last year profits were seriously dented by a one-off charge of 1.3bn euros to cover losses for Spanish property.

However, profits fell sharply in key divisions.

Meanwhile, official figures showed Spain's steep economic downturn all but halted as gross domestic figures showed a fall of 0.1% in the second quarter.

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