Tuesday. 29.11.2022
FINANCE

Spain's Banco Santander reports nine-month profit

For the nine months, the group's total income grew 3% to 34.6 billion euros

Santander bicycle bike by Pixabay.
Photo: Pixabay.

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

The group posted attributable profit of 5.85 billion euros (6.8 billion dollars) 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% to 6.38 billion euros.

Net operating income for the period rose 5% to 18.8 billion euros.

At constant currency, operating income grew 11%

Income growth

For the nine months, the group's total income grew 3% to 34.6 billion euros, while it was up 8% at constant currency.

Net interest income was up 2.6% to 8.46 billion euros.

Spain's Banco Santander reports nine-month profit
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