Santander profits jump

Abbey and Alliance & Leicester parent Santander today said pre-tax profits rose by more than 30% in a “very good” first half performance.

Abbey and Alliance & Leicester parent Santander today said pre-tax profits rose by more than 30% in a “very good” first half performance.

The Spanish bank’s UK operation – which now includes A&L, Abbey and the savings business of Bradford & Bingley – saw revenues rise by over 20% in the six months to June 30.

Santander reported improving conditions in lending and bad debts, with second quarter bad debt charges in line with the previous three months and a drop in the number of homes being repossessed.

More in this section

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up