Thu, 30 Jan 2014 11:40:04 GMT
Santander profit surges amid lower provisions on bad loans
Banco Santander SA, the largest bank in Spain, announced a significant increase in its profit for the last quarter of 2013, as the bank accumulated fewer funds for bad loans. The net income jumped to 1.06 billion euro against 423 million euro in Q4 2012. Analysts, however, waited for a 1.2 billion euro profit. Today, Banco Santander SA shares are