Banco Santander 2015 Underlying Profit Up 13% - Quick Facts

(RTTNews) - Banco Santander (BNC.L, BSBR, SAN) reported full year 2015 attributable profit of 5.97 billion euros, a 3% increase compared to 2014. Underlying profit, which does not include the effect of non-recurring results, grew an additional ten points, by 13%, and reached 6.57 billion euros. Underlying earnings per share was 0.44 euros compared to 0.48 euros.

Net interest income was 32.19 billion euros, an increase of 8.9 percent from 29.55 billion euros, a year ago.

Fourth-quarter underlying attributable profit to the Group was 1.46 billion euros or 0.10 euros per share compared to 1.45 billion euros or 0.11 euros per share, a year ago. Net interest income increased to 7.89 billion euros from 7.71 billion euros, prior year.

The company said it is on track to achieve targets for 2016 which will be a year of ongoing optimization of its model and delivering profitable growth to shareholders.