Sat. Mar 28th, 2020

Santander earns 5,742 million through September, 13% more

Santander earns 5,742 million through September, 13% more



Banco Santander obtained a net profit of 5,742 million euros in the first nine months of the year, 13% more than in the same period of 2017, the entity reported today to the National Securities Market Commission (CNMV).

The Bank explained that the growth of revenues in several markets such as Brazil, Spain, Mexico and Portugal, and the improvement in the quality of credit have "more than compensated" the impact of the depreciations of some currencies such as the Argentine peso, with respect to the euro.

In the third quarter of the year -July-September-, the profit was 1,990 million, which is 36% more, while the group's delinquency rate has been reduced by 37 basis points and September has closed in 3 , 87%.

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