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| Date |
27/07/1999 |
| Companies
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BANCO SANTANDER CENTRAL HISPANO - |
| Subject
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BSCH 16% increase in profit on strong overall performance for first half |
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Banco Santander Central Hispano (BSCH) reported profits up 16%, after strengthening the provisions. The bank is on track to deliver, and perhaps beat the forecasts made at the time of the merger. Key figures reported are:
_________Pta Bn_________1999____%
Net Interest Income______556___11.3
Net Fee Commission_______260___15.4
Operating Profit_________296___17.1
Net Attributable Profit__133___16.1
Costs / income ratio_____57.1% -4 (good)
ROE______________________18%
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