Santander predicts 24% profit surge before Popular purchase

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By Tyler Davies
04 Jul 2017

Santander said on Tuesday that it expected its net profit for the first half of 2017 would be up 24% compared with last year, before considering its recent purchase of Banco Popular.

The Spanish national champion said it was expecting to have brought in €3.6bn of net profit over the first six months of this year. That figure compares with €2.9bn in the first half of 2016.

After accounting for a one-off negative impact of €248m and excluding the ...

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