The quarter was marked by the unsurprising capitulation over the real value of the UK business. Once again, the quarter demonstrated the sustainability of the group’s operating profitability. Unfortunately, some regulatory inflation diluted the impact in terms of capital generation.
30 Oct 2019
Capitulation over the UK business’s value
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Capitulation over the UK business’s value
Banco Santander, S.A. (BNC:LON) | 387 9.7 0.7% | Mkt Cap: 61,205m
- Published:
30 Oct 2019 -
Author:
David Grinsztajn -
Pages:
2
The quarter was marked by the unsurprising capitulation over the real value of the UK business. Once again, the quarter demonstrated the sustainability of the group’s operating profitability. Unfortunately, some regulatory inflation diluted the impact in terms of capital generation.