Click for home page : Business Advice and Business Information
Sig Biz Advisors provide advice to help businesses Information for Small & Medium Sized Businesses Sig Biz Info Information on the global banking & Insurance sector Companies wishing to Merge or Acquire Commercial Insurance Quotations

your requested information item



ctt
Home page / Log-in

 
SigBizInfo Home |
 

Information on Banks


 

Information on Insurers

 

Information on Markets

 

Sig Biz Info Services


Search for Information


Computer Translations Übersetzungen Traductions Traduzioni Traducciones Traduções Oversettelse
 
Deutsche  Deutsche
Espanol  Espanol
Francais  Francais
Norwegian  Norsk
Portuguese  Portuguese
 
Freetranslation.com 
cbt
 

Date 29/01/2001
Companies BANCO SANTANDER CENTRAL HISPANO -
Subject BSCH net up 43% for full year
 
  Banco Santander Central Hispano reported a net profit of €2258m up 43% on 1999 for the full year 2000. The bank's profit increase showed no signs of slowing with 4th quarter profits up 69% on the year ago period. Net interest income reached €8.29bn, an increase of 24%, whilst fees & other income were up 30% at €3.08bn. Loans outstanding increased one third to €169.4bn.


Operating costs were up 25%. A considerable part of this increase was due to the purchases made and companies integrated within the accounts. This view is supported by the efficiency ratio which improved 1.6 points to 56.1.


BSCH does not report on a pro forma basis and the increases are heavily influenced by acquisitions. Like its rival BBVA, the bank was also helped by a surge in Spanish consumer borrowing and improving economies in South America. The BSCH figures were those expected and the share price was left unchanged. Concern remains over the very high price paid for the Brazilian Banco do Estado de Sao Paulo and analysts will be watching the performance closely this year.


€1,000 was trading at £630 $919.
Copyright SigBizInfo Limited © 2001. All rights are reserved. Unauthorised redistribution is Illegal.
Get up to date information! The information on this web site for banking and insurance market information has not been updated since January 2002. The creators of futurevantage & SigBizInfo are now working with the Newslink team.

If you want newer information then for insurance go to: insurance newslink.

Soon there will also be a banking newslink service as well.
Go to banking newslink for the latest information on this new service.
Home page About the Sig Biz Group Sig Biz Group Privacy Policy Imposed site terms and conditions Sig Biz Group contact us & feedback form
©Copyright SigBizInfo Limited