Brazil, Latin America drives Santander Q1 numbers higher
Santander announced first quarter profits of Eu2.215bn on Thursday, a rise of 5.7% year on year. The biggest driver of growth was Santander’s exposure to the thriving Latin American market, which contributed Eu1.019bn of profit, an improvement of 15%. Profits from Brazil rose 38% to total Eu603m, helped by currency appreciation of 21% against the euro.
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