Net interest income dropped 11.6% to €6.28B.
Overall lending -7%, but strong in Latin America
Loan-loss provisions €2.4B, the lowest in eight quarters.
Non-performing loans 5.64% vs 4.54% a year earlier.
The IPO of Santander Consumer USA provides Santander with gain of €740M.
"After several years of strengthening the balance sheet and capital, Banco Santander is embarking on a period of strong profit growth in the coming years," says Chairman Emilio Botín.
Shares are -1.8% in Madrid. (PR)