BRIEF-Santander expects cost savings of 100 mln euros a year on branch closures in Spain

miércoles 27 de abril de 2016 05:13 GYT

April 27 (Reuters) - Banco Santander Sa

* CEO of Spain's Santander Jose Antonio Alvarez said expects cost savings of 100 million euros a year in Spain after branch closures.

* "We expect to review the cost base in absolute terms. The reduction in costs will be in the region of a 100 million (euros) per year," Alvarez said after being asked during the conference call on the potential cost savings from 450 branch closures in Spain. Source text for Eikon: Further company coverage: (Madrid Newsroom)