Santander quarterly profits plummet 90%; property losses provision of 3.5bn euros

Thursday, October 25th 2012 - 19:06 UTC

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Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said. Read full article

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British_Kirchnerist
And here we were in Britain thinking Santander was more trustworthy just because its not Anglo-Saxon (which shows how far the world has changed post 2008!) A bank is still a bank...
Nov 01st, 2012 - 01:48 pm - Link - Report abuse 0
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