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 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

Santander profits fall 21% amid competitive pressures and Carillion hit The Spanish-owned lender said pre-tax profits tumbled to 414 million in the first three months of 2018, from 525 million.

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Santander UK suffers 21% profits hit after facing higher. – Santander suffers 21% hit to profits in the UK on higher costs and customers searching out better rates elsewhere. UK arm of Santander saw profits fall by 21% to 414m in the first quarter

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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.

Santander UK (LSE: 44RS.L – news) 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.

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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.

Santander profits hit by LatAm weakness | Financial Times – Santander profits hit by LatAm weakness. suffered a 26 per cent fall in first-quarter net profits after Brazil, the UK and most of the bank’s other. We knew there was some pressure there.