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

The UK arm of Santander said today that it had set aside more than half a billion pounds to cover the costs of mis-selling payment protection insurance to its customers. Chief executive Ana Botin.

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Santander UK saw its pre-tax profits fall by 14 per cent to £1.6billion in the last year, as it battles against ‘continued income and cost pressures. in over three years ‘despite the highly.

Santander UK profits take 21% hit on 'competitive pressures. – 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 UK profits take 21% hit on 'competitive pressures' – Santander UK has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. Santander said the UK business, while growing customers, was suffering the effects of the slower economy and weak interest rate environment with fee income falling 2% on the first

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RMI spending fall hits SIG and Travis Perkins. Grant Prior 4. and a “lower than anticipated level of demand in the UK RMI market.”. being offset by competitive pressures and adverse.

Santander profits take hit from Banco Popular costs – Reuters – Santander profits take hit from Banco Popular costs. Jess Aguado.. partly due to ongoing competitive pressure on income and costs related to regulation and digital projects.. UK/Latam/US.

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