September 30, 2016 / 9:36 AM / 10 months ago

BRIEF-Banco Santander lowers profitability target for Spain

1 Min Read

Sept 30 (Reuters) - Spain's Banco Santander :

* Says cuts return on tangible equity ratio target (ROTE) for Spain in 2018 to 13 percent from the 14 percent set out in the previous strategy plan

* Says changes cost-to-income ratio for Spanish business to 55 percent for 2018 from a previous target of about 50 percent

* Says improves targets for non-performing loans to below 4 percent for 2018 from a previous target of below 4.5 percent Source text for Eikon: Further company coverage: (Reporting By Madrid Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below