Spain's Santander posts 18 pct rise in Q2 net profit

July 30, 2015 5:24 AM

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MADRID, July 30 Santander, the euro zone's biggest bank, on Thursday posted an 18 percent rise in second quarter net profit from a year ago, helped by rising revenues in Britain and the United States.

Santander's profit came in at 1.71 billion euros ($1.88 billion) in the period, slightly below forecasts for a 1.77 billion. The profit did not include a 835 million-euro gain in Brazil, after Santander reversed charges it set aside in case it was penalised by a tax ruling there.

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