Santander Posts 11-Billion-Euro Loss for First Half, Confident About Outlook

Santander Posts 11-Billion-Euro Loss for First Half, Confident About Outlook
In this file photo, people walk past a Banco Santander office in Barcelona. AP Photo/Manu Fernandez
Updated:

Spanish multi-national banking group Banco Santander, S.A posted a 10.8-billion-euro loss for the first half of the year after taking a one-off provision of 12.6 billion euros in the second quarter to reflect the impact of the virus pandemic on the business, the group announced on Wednesday.

The group maintains that its balance sheet remains healthy and underlying growth strong.