Santander closed the first half with an ordinary attributable profit increased 24% to 3.426 million euros, scoring earnings increases in all major countries in which it operates. Spain, excluding the real estate business is the fastest growing, with an increase in profit of 50% to 771 million euros country.
UK and Brazil, meanwhile, were the units that contributed more to the account. Santander UK won 1,029 million euros, up 33% (18% excluding the effect of exchange rates) and Santander Brasil 1,007 million, an increase of 33% (39% excluding the exchange rate).
In the first half, the effect of the exchange rate is favorable for the group accounts, the depreciation of the euro against the pound sterling and the dollar.
Director group executive, Jose Antonio Alvarez, said the first half results allow us to confirm the objectives for 2017 that the group shared with the market in February.
Santander reduced its arrears to 4.64 %, down 81 basis points from June 2014, while the coverage ratio improved to 70.1%.
group Doubtful assets stood at 39,154,000, . 4.4% less than a year ago
The bank has confirmed that in August will pay a dividend entirely in cash per share of 0.05 euros
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