Latest Breaking News On - Spanish financial group banco santander - Page 1 : comparemela.com

Santander Q4 Underlying Profit Down SANTANDER (dpa-AFX) - Spanish Financial Group Banco Santander S.A. (BNC.L, BSBR, SAN) reported that its fourth quarter underlying profit was 1.42 billion euros, down 18% year-on-year in constant euros due primarily to the increase in loan-loss provisions. Attributable profit for the fourth quarter was 277 million euros, heavily impacted by restructuring costs, mainly in Spain. Following the 12.600 billion euros non-cash goodwill/deferred tax asset impairment announced in the second quarter, the bank took on further charges of 1.15 billion euros in the fourth quarter mainly due to restructuring in Europe. The company reported a loss attributable to the parent was 8.77 billion euros or 0.538 euros per share in 2020, compared to a profit of 6.52 billion euros or 0.346 euros per share in 2019.

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