- Q1 profit of €1.717B up 18% from Q4, up 31.8% from a year ago. EPS of €0.121 up 7.3% Q/Q, up 6.4% Y/Y.
- Net interest income of €8.038B up 4.2% from Q4, up 15% from a year ago.
- CET1 ratio of 9.7% flat from the start of the year.
- Company notes the positive impact of exchange rates, a fall in real operating expenses, and improved cost of credit (1.38%, down 27 bps from a year ago) as helping to boost results. The efficiency ratio of 47% improved 90 bps from Q1 of 2014.
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SAN +2.3%
- Previously: Banco Santander reports Q1 results (April 28)