BREAKING NEWS

BREAKING NEWS

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
FILE PHOTO: People walk past a Banco Santander branch in downtown Rio de Janeiro, Brazil January 29, 2018. REUTERS/Ricardo Moraes/File Photo -
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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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