Santander earns EUR 1,867 million in attributable profit during Q1 2017 (up 14%)
(WorldNews Spain)

Santander earns EUR1,867 million in attributable profit during Q1 2017 (up 14%) Profit before tax was EUR3,311 million, up 17% excluding currency movements Madrid, 26 April 2017 - PRESS RELEASE The Group has earned the loyalty of a further 1.5 million customers since Q1`16, with lending and customer funds increasing by 2% and 7% respectively. The Group continues to be well diversified with Europe contributing 52% of profit and the Americas 48% (Brazil 26%). Attributable profit increased in nine of the Group`s ten core markets, excluding currency movements. During the first quarter of 2017 the Group`s common equity tier 1 capital ratio increased by 11 basis points to 10.66%, while cost/income...