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International Business Times
International Business Times
Business
AFP News

Santander Defies Interest Rate Cuts To Post Higher Profit

Santander has so far resisted a drop in interest rates in Europe (Credit: AFP)

Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in the third quarter through a strong commercial performance, in results published on Tuesday.

The group's profit from July to September reached 3.25 billion euros ($3.5 billion), a 12-percent jump from the same period last year, beating analyst expectations.

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