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Santander (SAN) H1 net profit falls 51.3% to €1.7B after being forced to set aside...

Santander (SAN) H1 net profit falls 51.3% to €1.7B after being forced to set aside €1.3B in provisions against real estate loans in its domestic market; has now reached 70% of the provisioning requirements set by Spanish government. Non-performing loans increased by 1.17 percentage points Y/Y to 5.98%. (PR .pdf)
Comments (1)
  • goes33
    , contributor
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    In my opinion the investment community miss judges this bank, as it does a great part of their business outside Spain like South America. A lot of money can be made for those having patience.
    26 Jul 2012, 12:25 PM Reply Like
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