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Banco Santander generated attributable profit of €6,204 million during the year, an increase of 4% compared to 2015, with strong growth in fee income and improvements in credit quality, partially offset by the weakening of certain currencies against the Euro and an increase in tax in both Poland and U.K. Excluding one off items and currency movements, underlying profit before tax increased by 12%.
Santander has earned certification from Top Employers Institute, the global authority that recognizes excellence for the conditions employers provide their professionals. Santander Spain, Bank Zachodni WBK (Santander’s subsidiary in Poland), Santander UK and Santander Consumer Finance in Germany, the Netherlands and Belgium, as well as the Group in Europe, were awarded. This makes Santander one of only four banks recognized across Europe.
Santander is the most valued banking brand in Spain, Continental Europe and Latin America and sixth in the world among international financial entities, according to Brand Finance Global 500´s 2017 annual ranking. Brand Finance, the global leader in brand evaluation and strategic advisory, increased the monetary value it assigns to Santander´s brand to $15.9 billion in 2016, a 2% increase from the prior year. It also gave the brand a rating of AA+, one of the highest possible.