Business
Spain’s Santander Profit Climbs Amid Global Portfolio Reshuffle
Spain’s Banco Santander SAN 0.07%increase; green up pointing triangle reported a surge in profit as it added more customers and logged a large gain from a recent disposal.
Continental Europe’s largest lender by market capitalization posted a 60% increase in first-quarter net profit to 5.455 billion euros ($6.39 billion). The bottom line was helped by a 1.9 billion-euro capital gain from the recently completed sale of most of its Polish subsidiary.
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