Banco Santander (STD): FY11 net profit -35% to €5.35B ($7B). The bank will set aside €3.2B in...

|About: Banco Santander S.A. (SAN)|By:, SA News Editor
Banco Santander (STD): FY11 net profit -35% to €5.35B ($7B). The bank will set aside €3.2B in extraordinary provisions, of which €1.8B will be used to raise Santander's coverage for foreclosed Spanish property assets to 50% from 31%. Shares +0.5% in Frankfurt.