A solid rise in revenues and lending income allowed Spain's Santander to post an 18% jump in profit to a record 9.6 billion euros in 2022, offsetting higher provisions set aside against uncertain economic conditions.
In the fourth quarter loan loss provisions more than doubled year-on-year to 3.02 billion euros, mainly in the United States and Brazil, though that was slightly below analysts' forecasts and followed the release of 750 million euros a year earlier.
Banks across Europe are beginning to benefit from higher borrowing costs. Santander's net interest income - earnings on loans minus deposit costs - rose 17% to 10.2 billion euros in the quarter, broadly in line with forecasts. Full-year NII grew 16%. It benefited from movements in local currencies in Latin America, but results in this region were also marked by rising inflation across emerging markets, especially Brazil. Overall, group costs in 2022 rose 11.6%.
Underlying net profit in the United States fell 43% in the quarter, while in Britain profit was down 38%, also on higher impairments and charges following aThis was in contrast to Spain, where net profit rose more than six-fold as provisions fell 38% in the quarter compared to the same period of 2021, while NII rose 37%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
18-wheeler pileup closes portion of Interstate 10 at Kerr-Kimble county lineA portion of Interstate 10 at the Kerr-Kimble county line is closed on Tuesday morning due to a crash involving multiple 18-wheelers.
続きを読む »
Lowering inmate phone calls to 18 cents believed to improve quality of life, Harris County saysOfficials believe lowering the cost from 22 cents to 18 cents will improve inmates' quality of life. Speaking of quality of life, 13 Investigates has been monitoring the situation at the Harris County Jail.
続きを読む »
Missing 18-year-old found deceased in Bayview DistrictMaxwell George Maltzman, an 18-year-old San Francisco man who went missing earlier this month, has been found deceased.
続きを読む »
Police find body of missing 18-year-old San Francisco man in BayviewThe body of an 18-year-old San Francisco man who went missing earlier this month has been found, police said.
続きを読む »
Denver brewery reborn after 18-month closureReopening after an extended closure isn’t something many breweries have attempted, in part because it is hard to sustain a business with no revenue.
続きを読む »