March 28, 2014 / 9:22 AM / 3 years ago

Santander says to meet half of 2014-2016 cost savings target this year

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SANTANDER, Spain, March 28 (Reuters) - Spain's biggest bank Santander chief executive officer Javier Marin on Friday said the lender would make this year half of the 1.5 billion euros ($2 billion) cost savings it plans to achieve by 2016.

Marin, speaking at the bank's annual shareholders meeting, also said the lender maintained a very positive view on Brazil, its biggest market. ($1 = 0.7278 Euros) (Reporting by Sarah White, writing by Julien Toyer, editing by Tracy Rucinski)

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