banco santander sa-spon adr (SAN) Key Developments
Banco Santander, S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Impairment Losses on Financial and Other Assets for the Third Quarter Ended September 30, 2015
Nov 5 15
Banco Santander, S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net interest income was €7,982 million against €7,472 million a year ago. Profit before tax was €2,778 million against €2,559 million a year ago. Profit attributable to the parent was €1,680 million or €0.11 basic and diluted per share against €1,605 million or €0.13 basic and diluted per share a year ago. Profit for the period from continuing operations was €1,991 million or €0.11 basic and diluted per share against €1,909 million or €0.13 basic and diluted per share a year ago.
For the nine-month period, the company reported net interest income was €24,924 million against €21,834 million a year ago. Profit before tax was €8,619 million against €7,795 million a year ago. Profit attributable to the parent was €5,941 million or €0.41 basic and diluted per share against €4,361 million or €0.37 basic and diluted per share a year ago. Profit for the period from continuing operations was €7,067 million or €0.41 basic and diluted per share against €5,197 million or €0.37 basic and diluted per share a year ago. Cash flows from operating activities was €1,122 million against €352 million a year ago.
The company reported impairment losses on financial assets (net) and impairment losses on other assets (net) for the third quarter 2015 were €2,553 million and €68 million against €2,789 million against €52 million a year ago respectively.
Santander Could Revisit Bid For Novo Banco
Oct 29 15
Banco Santander, S.A. (CATS:SAN) Chief Executive Jose Antonio Alvarez says at news conference following third-quarter results that the bank would look at a potential bid for Novo Banco, S.A. if it came back on the market.
Banco Santander, S.A. to Report Q3, 2015 Results on Oct 29, 2015
Oct 28 15
Banco Santander, S.A. announced that they will report Q3, 2015 results on Oct 29, 2015
Spanish Supreme Court Dismisses Santander Request to Delay EUR 1 Million Fine Disclosure
Oct 9 15
The Spanish Supreme Court revealed that Banco Santander had sought to delay news that it was fined EUR 1 million in June for violating anti-money laundering and anti-terrorism financing laws. Santander is appealing against the penalty, which Spanish cabinet ministers approved in June. The bank had argued that the news could affect the bank's image negatively and that its immediate publication was not necessary. However, the court dismissed the request for a delay, saying disclosure of the fine was in the public interest. The bank had requested that the news of its appeal be disclosed if the fine was published in an official state bulletin, the report noted.
Banco Santander, S.A. Plans to Expand Investment Bank
Sep 29 15
Banco Santander, S.A. announced the plans to expand its investment bank by hiring new talent and enhancing its operations in the UK and the US. The firm apparently has plans to expand its operations in the US and UK to bring them on par with its operations in Brazil or Spain.