Spain's Santander <SAN.MC> on Tuesday forecast an improvement of core profits for 2020, citing better customer behaviour in expired loan payments and more cost savings in Europe after it swung back to the black in the third quarter.
While statutory net profit trebled in the third quarter compared to a year ago, however, on underlying terms the bank's profit fell 18% in the same period to 1.75 billion euros (1.6 billion pounds) due to more coronaviurs related provisions.
Analysts polled by Reuters expected an operating profit of 1.06 b
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