Finance
Santander Lifts Revenue Goal as Botin Sees Efficiency Gains
- Bank sees high single-digit revenue growth this year
- Botin says bank hit best efficiency in 15 years in 2Q
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Banco Santander SA raised its target for revenue growth this year and said it would continue to focus on controlling costs after posting a record profit in the second quarter.
The bank now expects high single-digit revenue growth, from the previous mid-single digits, it said in an earnings presentation Wednesday. Net income advanced 20% from a year earlier to €3.2 billion ($3.5 billion) in the period and slightly beat estimates.