Santander UK profits take 21% hit on ‘competitive pressures’

Santander UK (LSE: 44RS.L – news) has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. It said the higher sum included further writedowns on its loans to failed construction-to-support services giant, Carillion (Frankfurt: 924047 – news) .

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Santander UK's profits plunged by more than a third as it warned of a. The slump hit Spanish owner Banco Santander, where profits for the. Nathan Bostock, chief executive, said a “highly competitive”. and regulatory pressures weighed on the bank in the first quarter, est: 21 100 USD Waddingtons.

Santander profits take hit from Banco Popular costs.. partly due to ongoing competitive pressure on income and costs related to regulation and digital projects.. uk/latam/US came better. The.

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Santander UK has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to £414m. The Spanish-owned lender, which is the country’s fifth-largest bank, said it had.

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Santander said it benefited from healthy revenue growth, tight control of costs. results have been impacted by ongoing competitive pressures in the UK.” The bank blamed “pressure on new mortgage margins” for a 4 per cent. LetterOne and Santander reach agreement over Dia debt. Accept & continue.

Santander UK has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. Santander UK has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m.

MADRID (Reuters) – Banco Santander’s (SAN.MC) net profit was hit by one-off restructuring costs from its. partly due to ongoing competitive pressure on income and costs related to regulation and.

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strong revenue performance in Global Banking & Markets, taking advantage of. level of market interest rates and competitive forces in the UK mortgage. A very strong mortgage coverage ratio of close to 21% has been.. For advances secured on residential property, the propensity of loans to reach repossession is.

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