Spanish banking major Banco Santander has posted an ordinary attributable profit of EUR3.43bn for the first half of 2015, an increase of 24% compared to EUR2.75bn a year ago.

The bank said that emerging economies (Latin America and Poland) accounted for 41% of profit and mature markets contributed 59%.

By country, the largest contribution was from UK (21%), followed by Brazil (20%), Spain (16%), US (9%), Mexico (7%), Chile (5%), Poland and Argentina (4%each) and Portugal (2%), the lender revealed in its earnings statement.

Net operating income, the difference between income and costs, stood at EUR12.25bn, an increase of 13% from EUR10.86bn in the first half of 2014.

For the period ended 30 June 2015, net interest income rose by 13.6% to EUR16.32bn from EUR14.36bn in the year ago period.

The bank closed June 2015 with total assets of EUR1.339 trillion, 13% more than 30 June 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

At the close of the first half of 2015, Banco Santander’s total equity stood at EUR91.49bn. The lender’s total fully loaded capital ratio grew 0.34 point, to 12.37%, and the fully loaded core capital ratio grew 0.16 point, to 9.83%.

Banco Santander chairman Ana Botin said: "The first half results show the soundness and consistency of Banco Santander’s business model. Profit grew in our ten core markets. Return, operational excellence and credit quality also improved. We will pay the first dividend against fiscal year 2015 in August and it will be entirely in cash."