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28/07/2017

1H17 Results

Santander earns EUR 3,616 million in attributable profit during the first half of 2017 - up 24%

Madrid, 28 July 2017. Banco Santander earned an attributable profit of €3,605 million during the first half of 2017, an increase of 24% compared to the same period last year. This was driven by an increase in customer revenues, disciplined cost control, and further improvements in loan loss provisions. Banco Popular, which Santander acquired on 7 June 2017, contributed a further €11 million to the Group’s attributable profit in the period to 30 June 2017, bringing total Group attributable profit to €3,616 million during the first half of 2017 and €1,749 million in the standalone second quarter (+37% compared to second quarter of 2016).

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Earnings 1H17- José Antonio Álvarez, Banco Santander CEO analysis

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