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4/28, 9:27 AM (Source: TeleTrader)
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Santander's total income down 3.5% YoY to €11.4B in Q1

Banco Santander SA reported on Wednesday that its total income reached €11.4 billion in the first fiscal quarter of 2021, declining 3.5% compared to the same period in the year prior.

Attributable profit to the parent amounted to €1.6 billion after skyrocketing 385.8% from the first trimester of 2020, while net operating income grew 0.8% on an annual basis to €6.3 billion in the opening three months of 2021. Diluted earnings per share soared 669.7% year on year to €0.085.

"In line with our strategy to deploy capital in the most profitable businesses, we announced our intention to make a cash offer to repurchase the outstanding shares of Santander Mexico (c. 8.3% of the share capital)... The transaction is expected to be completed in the second or third quarter of 2021, following regulatory approvals," the bank said in the press release.

Breaking the News / MS