Spain's Santander bank posts $1.45 bln profit in Q2 thanks to fewer bad loan provisions

  • Updated: July 30, 2013 - 6:00 AM

MADRID — Spain's Banco Santander SA said Tuesday that a sharp reduction in write-offs to cover toxic real estate loans helped second-quarter net profit jump to 1.1 billion euros ($1.45 billion) from 123 million euros for the same period last year.

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