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10/31/2018, 7:10 AM (Source: TeleTrader)
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Santander posts net income at €2B in Q3, up 36% YoY

Banco Santander SA reported its net income for the third quarter of 2018 stood at €1.99 billion, rising 36.3% compared to the same period of last year. Meanwhile, the group said profit for the period of nine months ending September 30 amounted to €5.74 billion, jumping 13.1% compared to the same nine months of 2017.

The Spanish bank also reported its earnings per share (EPS) stood at €0.12 in the third quarter, marking a 18.7% jump compared the second quarter of 2018. Meanwhile EPS for the nine month period ending September 30 amounted to €0.33, marking a rise 4.7% year-over-year.

"We have again delivered a strong set of results, with attributable profit 13 % higher in the first nine months of the year. Importantly, this has been achieved in a responsible and sustainable way, growing loyal and digital customers by investing in our digital transformation, and achieving a top three ranking in customer satisfaction in the majority of our markets," Ana Botin, executive chairman of the group said in the report.

Breaking the News / BM