Santander UK profits take 21% hit on ‘competitive pressures’

The bank also blamed economic uncertainty over Brexit, rising competition in the mortgage market and higher bad loan provisions for a 21 per cent fall in UK profits to 320m on a constant.

Santander made a profit before tax of 1 9bn during 2016 according its annual report. Santander profits increase but CEO warns on 2017. with continued competitive pressures on asset margins.

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Santander’s profits fell by 21% to 414 in the first quarter of 2018 year-on-year – which its chief executive Nathan Bostock blamed on "ongoing competitive pressures". Despite the fall it bolstered its mortgage book by 3.9bn to 156.8bn over the period. Bostock said: "Our first quarter.

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Santander UK profits slip on weak pound.. The introduction of an 8% bank corporation tax surcharge also hit UK earnings, it said.. Santander UK told the BBC it had increased lending and was.

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Santander UK (LSE: 44RS.L – news) has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. It said the higher sum included further writedowns on its loans to failed construction-to-support services giant, Carillion (Frankfurt: 924047 – news) .

Santander profits take hit from Banco popular costs.. partly due to ongoing competitive pressure on income and costs related to regulation and digital projects.. uk/latam/US came better. The.

High street banking giant Santander has revealed a 21% slump in profit after taking another hit from failed construction giant Carillion and suffering "competitive pressures".

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The UK arm of Santander said today that it had set aside more than half a billion pounds to cover the costs of mis-selling payment protection insurance to its customers. Chief executive Ana Botin.