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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Banco Santander, S.A.    SAN   ES0113900J37

BANCO SANTANDER, S.A.

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Banco Santander, S.A. : Santander sees profits rebounding this year

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01/11/2013 | 03:40am EDT
A man with a trolley walks past a Santander bank branch in Madrid

MADRID (Reuters) - Spain's largest bank Santander expects profits to recover in 2013 after its non-performing loans ratio peaks in the first half of the year, Chairman Emilio Botin told UK financial magazine The Banker.

"In 2012, our profits will be down because we have made large extraordinary provisions for Spanish real estate loans," Botin said in an interview with The Banker this month.

"Santander will finish the extraordinary provisioning in 2012, ahead of most other banks, and we expect our Spanish non-performing loans to peak at about 7 percent in the first half of 2013. Profits will then start to rebound," he said.

A Santander spokeswoman confirmed the comments on Friday.

Santander's Spanish bad loans ratio stood at 6.38 percent in the third quarter of 2012, well below the national average.

Spanish banks have had to provision heavily against toxic real estate assets after a decade-long property boom came to an abrupt end five years ago and the sector has yet to recover.

Santander had completed 90 percent of government-enforced writedowns on soured property investments as of the third quarter, when it reported a plunge in net profit to 100 million euros ($132 million) from 1.8 billion euros in the same period last year.

(Reporting By Tracy Rucinski; Editing by Mike Nesbit)

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Financials (EUR)
Sales 2019 49 308 M
EBIT 2019 25 978 M
Net income 2019 7 457 M
Debt 2019 -
Yield 2019 6,09%
P/E ratio 2019 8,08x
P/E ratio 2020 7,35x
Capi. / Sales2019 1,25x
Capi. / Sales2020 1,22x
Capitalization 61 832 M
Chart BANCO SANTANDER, S.A.
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Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 4,79  €
Last Close Price 3,72  €
Spread / Highest target 56,3%
Spread / Average Target 28,6%
Spread / Lowest Target -27,4%
EPS Revisions
Managers
NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Executive Director
Ana Patricia Botín-Sanz de Sautuola O'Shea Group Executive Chairman
Dirk Marzluf Group Head-Operations & Technology
José Antonio Garcia Cantera Group Chief Financial Officer & Executive VP
Guillermo de la Dehesa Romero Director
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