Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's Banco Santander posts 4 pct full-year profit rise, beats forecasts

Source: Reuters - Wed 25th Jan 2017
Spain's Banco Santander posts 4 pct full-year profit rise, beats forecasts

Banco Santander opened Spain's bank reporting season on Wednesday with a 4 percent rise in its 2016 net profit from a year earlier, above analysts' forecasts and helped by strong business in its key Brazilian market.

Santander, the euro zone's biggest bank by market value, reported net profit of 6.2 billion euros ($6.65 billion) beating the average of analysts' estimates calculated by Thomson Reuters of 6.12 billion euros.

For the fourth quarter, the lender announced a net profit of 1.6 billion euros.

For 2016, net interest income, a measure of earnings on loans minus deposit costs, was 31.1 billion euros, down 3.4 percent from a year ago, mirroring pressure on margins experienced by other Spanish banks. Analysts had expected NII to come in around 30.8 billion euros.

Recommended Reading :

* Spanish Banks count 3Bln Euro cost of Mortgage refund

* Spanish Bank bailout cost taxpayers 41.8 Bln Euros

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.