2/2/2022, 7:03 AM (Source: TeleTrader)
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Santander's Q4 total income up 7% to €11.8B

Banco Santander SA unveiled on Wednesday that its total income for the fourth quarter of the fiscal year increased 7% compared to the same period last year, reaching €11.8 billion.

For the same period, the bank's attributable profit saw a yearly jump of 721%, rising to €2.28 billion, while its net operating income climbed 7% year-over-year to stand at €6.14 billion. Santander's earnings per share for the quarter were at €0.124. For 2021, Santarder's net income stood at €46.4 billion, attributable profit was €8.13 billion, and the operating income was up 6%, reaching €24.9 billion.

Santander Executive Chairman Ana Botin commented on the results: "The group achieved a record profit before tax of €15.3 billion thanks to disciplined capital allocation, prudent risk management, and further improvements in our efficiency and balance sheet strength, combined with a material increase in customer activity during the year."

Baha Breaking News (BBN) / JG