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Santander hit by bad loan provisions

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10-28-2010, 08:57 PM

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Santander hit by bad loan provisions

Spanish banking giant, Santander, has today reported a fall in third quarter profits, due to changes on bad loan provisions. The bank, which is the euro zone’s largest, said third quarter profits fell 13% to €2.1 billion (£1.8 billion) as provisions for bad loans hampered results. Before the changes to one-off provisions, which were put [...]

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