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Santander fourth-quarter net profit 2.07 billion euro

Santander fourth-quarter net profit 2.07 billion euro
FILE PHOTO - A Santander logo is seen in Rio de Janeiro, Brazil, September 6, 2017. REUTERS/Sergio Moraes/File Photo   -   Copyright  Sergio Moraes(Reuters)
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MADRID (Reuters) – Spain’s Banco Santander reported on Wednesday a 4 percent rise in net profit in the fourth quarter from a quarter earlier, as its domestic market and Brazil drove strong performance.

Santander, the euro zone’s biggest bank by market value, said net profit rose to 2.07 billion euros ($2.37 billion) in the period from October to December.

Its net profit for all of 2018 reached 7.81 billion euros, up from 6.62 billion euros a year earlier. Analysts had expected a net profit of 7.83 billion euros for the full-year result.

(Reporting by Axel Bugge; Writing by Paul Day)

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