Santander's revenue down 9.6% to €11.09B in Q3

Tuesday, 27. October 2020 07:01

Banco Santander said on Tuesday that its total income in the third quarter of 2020 amounted to €11.09 billion, falling 9.6% from the same period a year ago.

During the same period, Santander's profit before taxes stood at €3.14 billion, while its earnings per share rose to €0.097 compared to a €0.7 loss recorder in the past quarter.

"Despite the positive performance in the quarter, on a year-on-year basis, results for the first nine months continued to be affected by the economic deterioration arising from the health crisis and by the sharp exchange rate depreciation that distort the year-on-year comparison," the company noted in a statement.

Related Links: 
Author:
Breaking the News / BU