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Santander reaches EBA’s 9pc core capital, aims to achieve 10pc

MADRID | Banco Santander has reiterated its goal of having 10% core capital at the close of June, 2012, one point above the level required by the EBA. During the last few months of 2011 Banco Santander has carried out a series of measures regarding capital, allowing it to achieve a core capital ratio of 9% ahead of the European Banking Authority’s (EBA) deadline of June 30th, 2012. The Spanish…