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2/3, 7:08 AM (Source: TeleTrader)
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Santander's total income at €44.28B in 2020, down 10.1%

Banco Santander SA reported on Wednesday that its total income amounted to €44.28 billion in the entire fiscal 2020, representing a decrease of 10.1% compared to the prior year.

Net operating income stood at €23.149 billion in 2020, 10.8% lower than in the previous 12 months, while the attributable loss to the parent landed at €8.77 billion, compared to attributable profit to the parent of €6.52 billion from 2019. Loss per share was €0.538, in comparison to earnings per share of €0.347 documented a year ago.

Total income declined 1.5% from the third quarter to stand at €10.92 billion in the fourth trimester of 2020. On a quarterly basis, net operating income lost 7.1% to €5.58 billion, while attributable profit to the parent plunged 84.2% to €277 million. Earnings per share dropped 91.3% from the third three month period to €0.008 in the fourth quarter.

Breaking the News / MS