Arab Today, arab today santander reports quarterly profits jump risky assets down
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Arab Today, arab today
Arab Today, arab today

Santander reports quarterly profits jump, risky assets down

Arab Today, arab today

Arab Today, arab today Santander reports quarterly profits jump, risky assets down

Santander branch in central London
Madrid - AFP

Santander, the eurozone's biggest bank by market value, said on Thursday its profits jumped by more than a third in the second quarter as its ratio of risky assets eased.
The Spanish banking giant posted a quarterly net profit of 1.45 billion euros ($1.94 billion), its highest in the past two years and a 38-percent jump compared to the outcome in the same period in 2013.
The group also said its ratio of high-risk loans -- mostly bad real estate assets left over from the crash -- had been brought down to 5.45 percent.

 

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