Posted on Feb 3, 2019 2021 at 12:32Updated Feb 3, 2019 2021 at 12:39
It’s a first. Santander closed the first negative financial year in its history in 2020. The first Spanish bank announced Wednesday morning that it had suffered a net loss of 8.7 billion euros, due to provisions and depreciation of assets caused by the health crisis.
The president of the group, Ana Botin, said in a statement “Realistic optimism in the medium term”.
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