Santander (SAN) H1 net profit falls 51.3% to €1.7B after being forced to set aside €1.3B in...

|By:, SA News Editor

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)