Banco Santander with €1.7 bln profit in Q2 2018

Banco Santander recorded €1.698 billion in consolidated net profit in Q2 2018, compared to €1.749 billion in the corresponding period of last year, the bank stated in a report. The result was affected by €300 million in fees related to integrating Banco Popular. Excluding the one-off cost, profit increased by 28 percent y/y, the bank added. Profit from interest amounted to €8.477 billion (€8.606 billion in Q2 2017), while profit from fees and commissions came in at €2.034 million (€2.916 billion a year earlier). Banco Santander has been listed on the WSE since 2014. It is the main shareholder of lender BZ WBK.