Spain's Santander on Tuesday said its net profit in the first quarter rose 1% compared to the same period of 2022 thanks to higher lending income.
The euro zone second-biggest lender in terms of market value booked a net profit of 2.57 billion euros despite an impact of 224 million euros from a new tax on banks in Spain.A Santander office building in London.on Tuesday said its net profit in the first quarter rose 1% compared to the same period of 2022 thanks to higher lending income, especially in Europe, which offset a weaker performance in Brazil and the United States.
The euro zone second-biggest lender in terms of market value booked a net profit of 2.57 billion euros despite an impact of 224 million euros from a new tax on banks in Spain. Analysts polled by Reuters expected Santander to post a net profit of 2.45 billion euros.
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