7/29/2020, 7:20 AM (Source: TeleTrader)
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Santander reports loss of €11.1B in Q2

Banco Santander said on Wednesday that its net loss in the second quarter of 2020 amounted to €11.1 billion. Meanwhile, total income stood at €10.5 billion that represents 11.4% fall from the last quarter. The loss per share was €0.68.

The bank's total income in the first years' half stood at was €22.7 billion, down 9%. Net interest income amounted to €16.2 million, 8% less than in the same period of 2019.

The company stated that "at a critical time, with a number of social and commercial factors that entail major challenges, we are working in a coordinated and integrated way to generate new business opportunities, including those related to technology and innovation."

Baha Breaking News (BBN) / TF