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| Date |
08/03/1999 |
| Companies
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BANCO SANTANDER CENTRAL HISPANO - |
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Banco Santander and Central Hispano to increase profits by 25% |
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The bank, formed by the recent merger has said it will increase profits this year and next by 25%. This equates to an attributable profit of E1.2bn in 1999 and E1.5bn in 2000. The bank which delivered a healthy ROE of 16.8% in 1998 would be delivering 20% by 2000 on this basis.
Angel Corc˘stegui - Ceo - was the one setting the bank this serious goal.l
The bank enjoys around 20% of the Spanish domestic market, is third largest as defined by share capital in the Euro zone as well as having major interests in a range of South American Countries.
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| Copyright SigBizInfo Limited © 1999. All rights are reserved. Unauthorised redistribution is Illegal. |
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