Santander has posted a fall in its net income for fiscal 2012, down 59% to 2.2bn from 5.3bn in 2011.
Further negative metrics at Santander include a fall in both loans, down 4% to 720bn, and deposits down 1% to 626bn.
More positive figures reported by the bank for include:
– A rise in assets of 1.4% to 1.3trn;
– A rise in revenue of 3% to 41bn;
– A rise in net interest income of 4% to 30.1bn, and
– A rise in market capitalisation of 25% to 63bn.
Emilio Botín, chairman of Santander, said: "These profits were significantly affected by the extraordinarily high special provisions and write-downs carried out in Spain. These amounted to 6.1bn and were only partially offset by 1.2bn of extraordinary gains."
Net operating income (profit before provisions) in 2012 was 24bn, up by 1.6%.
Over the year the number of Santander branches has fallen by 2.5% to 14,392 worldwide.
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