Spain’s Banco Santander has posted attributable profit of EUR1.72bn for the first quarter of 2015, a hump of 32% compared to EUR1.3bn a year ago.
The bank saw growth in its three largest markets, including Spain, UK and Brazil, while Chile was among its only core markets which witnessed a wane in profit.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The group’s net operating income rose 15% to EUR6.06bn from EUR5.27bn posted a year ago.
For the first quarter, the bank recorded a net interest income of EUR8.03bn, a 15% rise as against EUR6.99bn in 2014.
The bank’s total assets were EUR1.36trn, up 17.2% from EUR1.16trn in the same period a year earlier.
Banco Santander chairman Ana Botín said: "Santander’s strong increase in lending reflects our commitment to helping our customers grow. When we raised capital in January, we said our goal was to target organic growth in our core markets forecasted to achieve strong economic recovery."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
