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Santander posts 36 percent increase in third quarter net profit on Brazil and Spain

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Santander posts 36 percent increase in third quarter net profit on Brazil and Spain

Santander posts 36 percent increase in third quarter net profit on Brazil and Spain
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Ricardo Moraes(Reuters)
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MADRID (Reuters) - Spain's Banco Santander <SAN.MC> said on Wednesday its third-quarter net profit rose 36 percent against the same period last year thanks to a solid performance in Brazil and Spain that offset a loss in Argentina.

Santander, the euro zone's biggest bank by market value, reported net profit of 1.99 billion euros(1.78 billion pounds)in the period July to September. Analysts expected a net profit of 1.92 billion euros.

($1 = 0.8790 euros)

(Reporting By Jesús Aguado; editing by Paul Day)

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