Spanish banking major Banco Santander has posted an ordinary attributable profit of EUR3.43bn for the first half of 2015, an increase of 24% compared to EUR2.75bn a year ago.
The bank said that emerging economies (Latin America and Poland) accounted for 41% of profit and mature markets contributed 59%.
Go deeper with GlobalData
By country, the largest contribution was from UK (21%), followed by Brazil (20%), Spain (16%), US (9%), Mexico (7%), Chile (5%), Poland and Argentina (4%each) and Portugal (2%), the lender revealed in its earnings statement.
Net operating income, the difference between income and costs, stood at EUR12.25bn, an increase of 13% from EUR10.86bn in the first half of 2014.
For the period ended 30 June 2015, net interest income rose by 13.6% to EUR16.32bn from EUR14.36bn in the year ago period.
The bank closed June 2015 with total assets of EUR1.339 trillion, 13% more than 30 June 2014.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAt the close of the first half of 2015, Banco Santander’s total equity stood at EUR91.49bn. The lender’s total fully loaded capital ratio grew 0.34 point, to 12.37%, and the fully loaded core capital ratio grew 0.16 point, to 9.83%.
Banco Santander chairman Ana Botin said: "The first half results show the soundness and consistency of Banco Santander’s business model. Profit grew in our ten core markets. Return, operational excellence and credit quality also improved. We will pay the first dividend against fiscal year 2015 in August and it will be entirely in cash."
