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Banco Santander expects to double net income by 2014

Date: Monday 06 Feb 2012

Banco Santander expects to double net income by 2014

Banco Santander's Chief Executive Alfredo Saenz informed the group's top executives last week that the bank expects to rake in 13bn euros in net income in 2014, more than twice the amount registered in 2011, Spanish daily Cinco Dias reports.

The financial newspaper says that attendees at this meeting indicated that Santander plans to generate earnings of €3.15bn in Spanish operations, €3.61bn in Brazil, and €2.15bn in UK operations in 2014.

In last week's fourth quarter earnings presentation, the Spanish bank reported 2011 net income of €5.35bn.

M.D.

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SAN - Banco Santander

Banco Santander Chart
Name Value Chg
Banco Santander € 4.30 € 0.00
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