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Santander's UK profits up


Santander's UK profits up


Spanish banking giant Santander profits at its UK banks have risen by more than third during the first nine months of the year.

Santander owns the Abbey, Alliance & Leicester and Bradford & Bingley banks. These UK businesses made 1.3 billion euros, 38% more than a year earlier. Overall, Santander posted a small drop in nine-month net profits as it boosted provisions for an expected rise in bad debts from Spainàs housing boom hangover.

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