9 months ago
53 A Santander bureau gathering successful London.
Luke MacGregor | Bloomberg via Getty Images
Spain's Santander connected Wednesday said its nett net successful the 2nd 4th roseate 14% compared to aforesaid 4th of 2022 arsenic higher involvement rates successful Europe, chiefly successful Spain, offset higher provisions and one-off charges successful Poland and Brazil.
The euro portion second-biggest lender successful presumption of marketplace worth booked a nett net of 2.67 cardinal euros ($2.95 billion), beating the 2.54 cardinal euros forecast by analysts polled by Reuters.
Santander has relied connected Latin America successful the past to header with pugnacious conditions but European banks are present reaping benefits from higher involvement rates.
The bank's wide underlying nett involvement income, net connected loans minus deposit costs, roseate 12.4% to 10.74 cardinal euros, supra analysts' estimates of 10.45 cardinal euros.
