Europe's top bank grows by a fifth y/y

The consolidated net profits of Banco Santander were €3.4 billion in H1 2015, compared with €2.8 billion a year ago. Interest income amounted to €16.3 billion (€14.4 billion last year). Meanwhile, the results from fees and commissions reached €5.1 billion, up from last year's H1 result of €4.7 billion The New York Times mentioned that as recently as 2013, Santander wrote down billions of euros in bad mortgages, but currently the amount of delinquent loans is decreasing. Banco Santander is the largest bank in the EU and it has been listed on the Warsaw Stock Exchange since December of 2014. It is also the main shareholder in Bank Zachodni WBK.