Santander (SAN): Q3 net profit -94% to €100M vs consensus of €1.21B as bank sets aside €1.14B...

|By:, SA News Editor

Santander (SAN): Q3 net profit -94% to €100M vs consensus of €1.21B as bank sets aside €1.14B provisions for bad loans in Spain; has now covered 90% of the government requirements. Net interest income +3% to €7.5B. Bad loans 4.3% of total lending vs 4.1% in June, core capita ratio 10.38% vs 10.1%. Brazil profit -9% to €537M, U.K. -21% to €337M. (PR)