The fourth quarter enjoyed strong excess capital generation boosted by a further reduction in capital usage. 2018 is expected to confirm 2017 trends with the UK remaining the only challenging region in terms of volumes and margins. Profitability should continue to improve supported by rapidly increasing loyal customers and an aggressive digital strategy. Large tech companies are expected to take market shares but management is confident new growth opportunities will more than offset this.
31 Jan 2018
The strategy continues to deliver
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The strategy continues to deliver
Banco Santander, S.A. (BNC:LON) | 388 0 0.0% | Mkt Cap: 61,324m
- Published:
31 Jan 2018 -
Author:
David Grinsztajn -
Pages:
2
The fourth quarter enjoyed strong excess capital generation boosted by a further reduction in capital usage. 2018 is expected to confirm 2017 trends with the UK remaining the only challenging region in terms of volumes and margins. Profitability should continue to improve supported by rapidly increasing loyal customers and an aggressive digital strategy. Large tech companies are expected to take market shares but management is confident new growth opportunities will more than offset this.