Net interest income slipped 3% to €6.99B from €7.21B.
Provisions for bad loans fell 14.2% to €2.69B as the non-performing loan ratio dropped to 5.52% from 5.64%.
Profit breakdown: Spain +24% to €251M; U.K. +63% to €376M; Latin America -26.6%, hurt by currency fluctuations.
Separately, Santander intends to acquire the 25% of Banco Santander Brasil (BSBR) that it doesn't own for €4.69B in shares, with the price representing a 20% premium.
Shares are +0.7% in Madrid. (PR)