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| Date |
31/01/2000 |
| Companies
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BANCO SANTANDER CENTRAL HISPANO - |
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BSCH Net attributable up 26% forecasts similar for this year |
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BSCH announced annual top line results a little ahead of the expected and forecast another strong year this year. Key figures released were:
Pts Bn 1999 % Change
Net Interest Income 1109 +7.8
Operating Income 579 +18
Attributable net profit 262 +26
Cost to income ratio 57.7 v 61.7 in 1998
Angel Corcostegui, CEO was quoted as saying attributable net income should grow by at least 25% this year. Considerable mention was made of the Internet and the bank talked of an 'electronic customer base' in excess of 330,000.
The development of the relationship with SocGen was announced simultaneously - this is covered in a separate item.
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