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Banco Santander reports underlying profit of €1,908 million for first half of 2020 and makes non-cash goodwill and DTA impairments

Banco Santander achieved an underlying profit of €1,908 million in the first half of 2020, down 48%, due to an increase in loan-loss provisions attributable to the covid-19 pandemic. While the pandemic has had a significant impact on customer activity, the underlying performance of the business was strong, supported by resilient customer revenues, higher than expected cost reductions, robust credit quality and good organic capital generation.

Press Releases Brazil
Bradesco, Itaú Unibanco and Santander announces joint plan to promote sustainable development of the Amazon

Today, Santander, Bradesco and Itaú Unibanco, Brazil's three largest private banks, announced a comprehensive plan aimed at effectively driving sustainable development of the Amazon. The plan includes ten measures targeting the three areas considered the top priority for the region: environmental conservation and the development of a bioeconomy; investment in sustainable infrastructure; and the guarantee of basic human rights in the Amazon. 

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