Santander Q1 Net Profit Rises 60 Percent on One-Off Gains
Spain's largest lender reported a net profit of 5.46 billion euros boosted by capital gains. Underlying profit grew 12.5 percent amid higher lending income.
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BANCO SANTANDER SA posted a 60% rise in first-quarter net profit to €5.46B, driven by a divestment in Poland. Profit climbed from €3.4B a year ago after the lender booked a €1.9B gain from its Polish unit sale. While one-offs inflated the headline, underlying growth of 12.5% shows the Spain-based bank maintains core lending momentum.
