Santander defies interest rate cuts to post higher profit …C0NTINUE READING HERE >>>
Santander has so far resisted a drop in interest rates in Europe.
Photo: MIGUEL MEDINA / AFP/File
Source: AFP
Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in the third quarter through a strong commercial performance, in results published on Tuesday.
The group’s profit from July to September reached 3.25 billion euros ($3.5 billion), a 12-percent jump from the same period last year, beating analyst expectations.
Spain’s number one…
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