Santander sees earnings pick-up after property clean-up

SANTANDER, Spain, March 22 Fri Mar 22, 2013 5:47am EDT

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SANTANDER, Spain, March 22 (Reuters) - Spanish lender Santander said on Friday it expected to see strong earnings growth in 2013 once a clean-up of its real estate assets was completed.

"Our profit reached a turning point in 2012 and in 2013, once the real estate clean-up is finished, we will see a strong increase in earnings," Chairman Emilio Botin said at the company's annual shareholders' meeting in Santander in northern Spain. (Reporting by Jesus Aguado; Writing by Clare Kane; Editing by Paul Day)

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