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7/28/2022, 7:55 AM (Source: TeleTrader)
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Santander profit up 33% in H1, 2022 targets maintained

Spanish bank Santander Group said on Thursday its attributable profit soared by 33% in the first half of this year compared to the same period a year ago to reach €4.89 billion, as the company added more than seven million new customers. Furthermore, Santander noted it was on track to meet its full-year targets after its real-term overall costs fell by 4%.

"Our diversification continues to provide a strong and resilient foundation for growth... Looking ahead, the economic context will likely be difficult for governments, central banks, businesses and individuals. Banks continue to be part of the solution and we look to all institutions and authorities to work together as we continue to support our customers and the economies we serve," Executive Chair Ana Botin noted.

Baha Breaking News (BBN) / ND