Santander UK first-quarter profit up 61% | 28 April 2021
28 April 2021 | 09:17am StockMarketWire.com - Spanish bank Santander's UK operations posted a 61% rise in first-quarter profit as mortgage lending grew and credit impairments fell. Pre-tax profit for the three months through March rose to £184 million, up from £114 million year-on-year. Santander UK said it notched net mortgage growth of £1.5 billion, following strong application volumes in late 2020, and customer deposits growth of £1.1 billion. Operating income rose 9% and adjusted operating income 7%. with deposit repricing driving higher net interest income. Credit impairment losses o...
Source: stockmarketwire.com