Santander 9-Month Profit Jumps 33%, Above Forecast


Spain's largest bank Santander posted nine-month net profit of 6.57 billion euros ($9.35 billion) on Thursday, up 32.8 percent year-on-year and slightly above analysts' forecasts.

Santander, which is buying two banks in Italy and Brazil as part of a three-way break-up bid for ABN Amro said net interest income totaled 11.38 billion euros for the nine month period, up 23.4 percent.

Operating profit rose 31.3 percent to 11.10 billion.

A Reuters poll of 10 analysts had forecast Santander would make net profit of 6.44 billion euros. Net interest income was seen at 11.31 billion euros and operating profit was expected to come in at 10.81 billion.