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October 30, 2015updated 04 Apr 2017 12:49pm

Banco Santander nine-month attributable profit rises 17%

Spanish lender Banco Santander has reported ordinary attributable profit of EUR5.12bn in the nine months to 30 September 2015, a 17% increase compared to EUR4.36bn a year ago.

Spanish lender Banco Santander has reported ordinary attributable profit of EUR5.12bn in the nine months to 30 September 2015, a 17% increase compared to EUR4.36bn a year ago.

The bank’s net operating income also increased 9% to EUR18.23bn from EUR16.75bn in the nine months to 30 September 2014.

The bank’s net interest income grew more than 11% to EUR24.3bn from EUR21.83bn a year ago.

Its efficiency ratio in this period stood at 47%, one of the best rates among international banks.

According to the bank, the 10 core markets in which it operates registered profits, with the exception of Poland where profits decreased 7%.

The group’s non – performing loan ratio at the close of September 2015 was 4.5%, 0.78 points lower than one year ago.

Banco Santander closed September 2015 with total assets of EUR1.32 trillion, 6% more than September 2014.

Banco Santander group executive chairman Ana Botín said: "In the third quarter, we continued our work to help people and businesses prosper — providing access to credit which increased 7%. We have earned the loyalty of more than 400,000 new customers, and 700,000 digital customers.

"This progress towards being a simple, personal and fair bank, has helped us advance our strategic plan and achieve a 17% increase in our year on year ordinary profit. We view the economic situation as improving in the majority of our core markets. We are confident that our model will help us reach the targets we have set for the future."

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