Spain's Santander posts 5 pct rise in third-quarter profit
MADRID Oct 29 (Reuters) - Santander, the euro zone's biggest bank, said on Thursday net profit rose nearly 5 percent in the third quarter from a year ago to 1.7 billion euros ($1.9 billion), even as it took a hit from depreciating currencies in Latin America.
Its net profit was in line with forecasts in a Reuters poll.
The bank's net interest income, or earnings on loans minus deposit costs, stood at 8 billion euros in the July-September period, nearly 7 percent up from a year earlier, though it fell compared by close to 4 percent from the second quarter of 2015. ($1 = 0.9147 euros) (Reporting by Sarah White, Editing by Paul Day)
© Thomson Reuters 2017 All rights reserved.