Despite profits in Brazil, Santander bank profits halved following write-downs

Saturday, July 28th 2012 - 02:35 UTC

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Profits at Spanish banking giant Santander have halved after it made more write-downs against unrecoverable loans secured against property. The bank, which is the Euro zone biggest, said first-half profits halved to 1.7bn Euros in the six months to the end of June. Read full article

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GeoffWard2
[Fernandez Silva (BR) still leading the Ladies Cycling Road Race, but rain & wind expected. Much loud support for her from the Brits and the Brasilians.]
Jul 29th, 2012 - 11:25 am - Link - Report abuse 0
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