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The Independent UK
The Independent UK
National
Simon Neville

Santander profits soar but fraud remains a problem

PA Archive

Profits at high street bank Santander soared 266% to £1.86 billion last year as the lender released more money set aside to cover the potential financial fallout from the Covid-19 pandemic.

Bosses revealed that £233 million was put back into the bank, after £448 million was put aside in 2020 when the virus first hit.

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