Wednesday , November 13 2019
Home / chile / Banco Santander's profit grew by 18% worldwide in 2018 and exceeded $ 700 million.

Banco Santander's profit grew by 18% worldwide in 2018 and exceeded $ 700 million.

In 2018, Banco Santander received a net profit of 7,810 million euros (about 8,900 million US dollars), which is 18% more than a year earlier, and Latin America became the leader of the group.

As reported to the bank by the National Securities Market Commission (CNMV), in 2018 the Spanish securities market regulator grew by 2.6 million. Related customers — those who consider Santander as their main organization — while digital customers grew 6.6 million to stand at 32 million.

The company, led by Ana Botin, received a net profit of 4,228 million euros (4,831 million US dollars) in Latin America, which is 1.6% less than in the previous year, although without taking into account the exchange rates of countries. where he works, profits would increase by 16.5%.

Brazil once again became a country that made a greater contribution to this account – 2 976 million US dollars, which is 2.4% more. Santander brazil This represented a contribution of 26% to the global benefit of the group.

Similarly, the area annual reports were again influenced by the accounting adjustments required by the high inflation condition. Argentina, which amounted to 84 million euros ($ 96 million), which is almost 77% less than in 2017.

“Latin America continues to be an important growth driver for the Group, with good progress, especially in Brazil and Mexico,” said Botin.

In general, the bank's business in Latin America was characterized by a “good evolution” of both interest margins and commissions, “as well as growth in volumes and greater involvement of customers, to which it is added.” improving the cost of credit. "

By country after Brazil Mexico made a profit of 869 million US dollars, 7% more while. Chile earned 614 million euros (702 million US dollars), an increase of 4.9%.

Grupo Santander also works in the United States.where he earned 552 million euros (631 million US dollars), which is 35.4% more, due to "favorable business development" and advances in regulatory matters.

Overall, gross loans and advances to Group customers in Latin America increased by 2.4% in 2018, and customer deposits — and investment funds — increased by 1.3%.

The work force of the group in Latin America increased last year by 1,182 people, to 90,196 people, and the network of branches decreased by 105 and amounted to 5,803 people.

Source link