Santander records biggest loss in its 163 year historyChristian Fernsby ▼ | July 30, 2020
Banco Santander achieved an underlying profit of €1,908 million in the first half of 2020, down 48%.
Biggest loss Santander consumer USA
The group is ahead of its cost saving plan, with the European region achieving more than €300 million in efficiencies in the first half of the year, representing 75% of the bank’s 2020 target. Operating expenses fell by 2% or 5% in real terms. ■