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.
Flybe’s profit warning. adding to the pressures on the likes of Flybe. ‘Many small and mid-sized carriers are limping on thanks to cheap oil but further consolidation looks inevitable as capacity.
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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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said that this new regulatory framework and the rise of tech-driven banking players are a recipe for significant competitive pressure on traditional lenders. "I’m one of those people who always say.
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.