Santander profits run into billions after turnaround year

Santander’s profits soared in 2021 (Mike Egerton/PA)

(Picture: PA Archive)

SANTANDER had its best quarter for 12 years as Covid loan losses were written back on to the balance sheet and economies recovered from the pandemic.

The giant bank made profit for the year of e8.1 billion across the globe. That’s a complete turn around from the e8.7 billion loss recorded in 2020.