Santander reports quarterly profits jump, risky assets down
Santander branch in central London
Madrid - AFP
Santander, the eurozone's biggest bank by market value, said on Thursday its profits jumped by more than a third in the second quarter as its ratio of risky assets eased.
The Spanish banking giant posted a quarterly net profit of 1.45 billion euros ($1.94 billion), its highest in the past two years and a 38-percent jump compared to the outcome in the same period in 2013.
The group also said its ratio of high-risk loans -- mostly bad real estate assets left over from the crash -- had been brought down to 5.45 percent.
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