Banco Santander wins 5.742 million euros up to September, 13% more than the previous year

The Santander won 6.619 billion in 2017, a 7% more, after joining Banco Popular Banco Santander wins 2.054 million up to march, 10% more Santander: "we

Banco Santander wins 5.742 million euros up to September, 13% more than the previous year

The Santander won 6.619 billion in 2017, a 7% more, after joining Banco Popular

Banco Santander wins 2.054 million up to march, 10% more

Santander: "we do Not make money in Spain, we have the highest tax burden of Europe"

Banco Santander has completed the first nine months of the year, bringing in about 13% of their benefits with a result of 5.742 million euros. The bank chaired by Ana Botín has obtained its greatest benefits in Brazil and Spain, which consolidates its position as its second-largest market as the United Kingdom, one of the main bets of the group, you lose weight. Argentina, where Santander strengthened its presence two years ago, it has also been an adjustment in the accounts of the group of 169 million euros. The process of inflation that the country lives requires entities to communicate these settings.

The bank has outstanding balance in the geographical distribution of its business as one of the keys to compensate for risks. Thus, 48% of the result of the group comes from America and the rest of Europe.

In Spain, the group note as the effects of the integration of Banco Popular to increase its business in areas like lending to smes, where stood out the group supervised by the ECB. The benefits of the Spanish subsidiary grow at a rate of 23% to 1.026 million euros with a strong increase of the interest margin (18%) and fees (21%). The number of employees and offices has decreased by 1,000 and 100, respectively. The ratio of arrears in the repayment of loans has decreased to 6,23%, and the endowments have grown by 40% to 599 million euros.

The group, which in January of 2019 will be Andrea Orcel as the new ceo, has concluded that with these results is consolidating its position as the largest bank in the euro zone, with a market capitalisation of 69.958 million euros to September 28, 2018. It has significant presence in ten key countries in Europe and America, with four million shareholders and 200,000 employees who give service to 142 million customers.

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Updated Date: 04 November 2018, 07:00

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