Profits slide at Santander and BBVA despite LatAm strength
Santander this week reported a year on year drop of 4.8% in attributable profit for the first quarter of 2011, posting a figure of Eu2.11bn. It attributed the change to higher tax pressure and greater minority interests — but it also emphasised growth in its domestic retail business.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts