Global Banking Directory (since 2007)
Press Release Distribution Service
Add Bank | Banking Forum
Advertise Your Business Here!
Search
  • World Islamic Banking Conference, 26-28, November, 2018
  • Banking and Finance Jobs
  • Advertise With Us!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: Banco Santander

Logo Banco SantanderBanco Santander registered attributable net profit of €5.351 billion in 2011, a decline of 35% from 2010.

Profit would have been €7.021 billion, a decline of 14%, if the bank had not made pretax provisions in the fourth quarter against property exposure in Spain of €1.812 billion and a pretax amortization of €600 million from goodwill related to its businesses in Portugal. The bank also applied net capital gains of €1.513 billion realized in 2011 to other extraordinary provisions.

Provisions against property exposure in Spain increased coverage of on-balance properties from 31% to 50%. Provisions for acquired properties came to €4.278 billion for €8.552 billion in gross on-balance real estate assets.

Banco Santander Chairman Emilio Botín said: "Banco Santander has shown it is able to generate results and, at the same time, meet the capital requirements set out by the EBA, significantly increase provisions for property exposure and maintain shareholder remuneration at €0.60 per share for the third consecutive year."

The strengthening of capital ratios and the quality of the balance sheet are due to Banco Santander's ability to realize selective capital gains, without affecting growth in revenues nor the generation of pre-provision profit.

Source: Banco Santander
Date: 31.01.2012
Articles
 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: Middle East Global Advisors

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 On October 30-31, Prague will host Crypto Affiliate Conference 2017

Crypto Affiliate Conference 2017 will be a crucial stepping stone for the whole digital marketing community in the presently changing environment. 07.09.2017 | Source: Faunus

 6th Edition BFSI Innovation and Technology Summit 2017

Today Indian economy is considered as one of the fastest growing economies in the world and contributing to its high growth are many critical sectors, amongst which the BFSI sector is unarguably one of the most distinguished sectors of Indian economy. 21.07.2017 | Source: Exito Media Concepts


2007-2018 © Banking Directory