Markets

Spain’s Santander Q3 profit grows 11% over the same period last year By Stocksak


© Stocksak. FILEPHOTO: A man uses an automated teller machine at Santander bank branch, Ronda, Spain. October 25, 2022. REUTERS/Jon Nazca

MADRID, Spain (Stocksak), Wednesday: Spain’s Santander reported that its third quarter net loss rose 11% in comparison to the same period last year. Higher revenues across its markets offset an increase in loan losses provisions and costs.

The net profit of the second-largest lender in the euro zone in terms of market capital was 2.42 billion euros ($2.41 trillion), an increase of 2.17 billion euros in that quarter last year.

Stocksak polled analysts and predicted Santander would post a net profit in excess of 2.19 billion euros.

($1 = 1.0045 euros)

News Source and Credit

Stocksak Editorial

We are a financial blog that covers topics such as investing, saving, spending, and earning more money. Please feel free to peruse our site and read any of the articles that catch your interest.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button