Banco Santander Central Hispano, S.A. (STD) Message Board

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Non-Tech : Banco Santander Central Hispano, S.A. (STD)

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From: JakeStraw	4/27/2007 8:00:25 AM
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Banco Santander profit climbs 20.7% marketwatch.com By Simon Kennedy Last Update: 2:50 AM ET Apr 27, 2007 Banco Santander said Friday that its first-quarter net profit rose 20.7% to 1.8 billion euros ($2.46 billion), or 0.29 euros a share, topping analyst forecasts due to strong growth in net interest income and fees. Net interest income rose 20% to 3.46 billion euros. The bank said it kept cost growth below that of revenues, improving its efficiency ratio by 4.6 percentage points to 46.3%. Separately Friday the bank confirmed that it will bid for ABN Amro as part of a consortium. The consortium previously had previously indicated that it could bid around $100 billion for the Dutch bank

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