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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