Santander clocked up a 10% year-on-year rise in first quarter net profit to 2.054 billion euros, beating forecasts for 2.01 billion euros in a Reuters poll. The results were driven by strong growth in its largest market, Brazil. But its operations in Mexico and Spain also boosted group performance.
Banco Santander posted profit of 6.619 billion euros in 2017, up 7% from a year ago. The profit figure was affected by extraordinary charges totalling 897 million euros.