Banco Santander Q3 Attributable Profits Up 1% YoY - Quick Facts

(RTTNews) - Banco Santander (BNC.L, BSBR, SAN) reported that its third-quarter attributable profit to the Group increased year-over-year to 1.69 billion euros from 1.68 billion euros. Excluding the impact of currency depreciation against the euro, attributable profits were 7% higher than the same period last year. Profit per share was 0.11 euros, flat with last year. Underlying attributable profit to the Group increased to 1.69 billion euros from 1.68 billion euros. Underlying earnings per share 0.11, flat with prior year period.

Third-quarter net interest income decreased year-over-year to 7.80 billion euros 7.98 billion euros. Net fee income was 2.60 billion euros compared to 2.47 billion euros. Net operating income decreased to 5.83 billion euros from 5.97 billion euros. The number of digital customers increased in 12 months by 4.1 million to 20.2 million at the end of September.

Banco Santander stated that it is advancing toward meeting its targets for 2016. The Group expects to end 2016 exceeding last year's profit, enabling to increase dividend per share and earnings per share.

For 2018, the Group reaffirmed its main targets to shareholders: increase in EPS in 2016/17, double-digit rise in 2018, and drive in dividend per share and TNAV per share.