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Date	09/02/2000
Companies	BANCO SANTANDER CENTRAL HISPANO -
Subject	BSCH net profit +26% for year 1999

	Banco Santander Central Hispano reported strong growth for the year, its first since the merger. Though economic conditions were helpful its ability to grow well during this first year of merger was generally viewed as encouraging. The percentage growth in Net Profits was slightly ahead of major rival, Banco Bilbao Vizcayo Argentaria, though slightly less in amount at E1.57bn versus 1.75bn for BBVA. Key figures Ebn 1999 % change Net Interest Income 6.7 +7.8 Operating Income 3.5 +18 Net Profits 1.57 +26 Loans Outstanding 127 +13.4 Managed Funds 334 +9.7 Assets 256 +8.8 Tier 1 capital 8.13 n/a Non Performing loans 1.97 V 1.86(1998) Cost : Income Ratio 57.7 V 61.7(1998) Dividend Pts37.85 +22.1 * related items on database *
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