by Amruth Sundarkumar | Jul 29, 2022 | Banks, Global
Spanish lender Banco Santander reported a 7.7% YoY growth in net consolidated profits to €2.7bn ($2.75bn) for Q2. The bank’s net interest income rose 16% YoY to €9.6bn ($9.8bn) and net fee income rose 16% to €3bn ($3.1bn). Net loan loss provisions were 49.6% YoY...
by Amruth Sundarkumar | Apr 27, 2022 | Banks
UBS reported a Q1 2022 net profit of $2.1bn, a 17% YoY rise. This follows a drop in Q4 net profit to $1.35bn at the end of the last year. Reuters notes that this is UBS’s best first quarter profit in 15 years. The results came despite its large Global Wealth...
by Amruth Sundarkumar | Feb 3, 2022 | Banks
Banco Santander reported its most profitable quarter in 12 years with attributable and underlying profits of €2.3bn, up 5% YoY. Annually, attributable profit stood at €8.1bn vs. €8.8bn loss in 2020. The strong results were driven by a rebound in economic activity,...
by Amruth Sundarkumar | Jan 13, 2022 | Banks
Potential bidders of Citigroup’s Mexican retail banking operations include Banco Santander as per sources, adding that Scotiabank and Grupo Financiero Banorte SAB de CV could also be interested. They added that talks were only in the early stages and Citigroup,...
by Amruth Sundarkumar | Jul 29, 2021 | Banks
European banking majors Barclays, Deutsche Bank and Banco Santander reported strong results. Barclays reported quarterly attributable profits of £1bn ($2.9bn) vs. £90mn in 2Q2020. For the half year, its profits were at £3.8bn ($5.3bn) vs. £695mn ($968mn) in 1H2020....
