Reuters logo
Santander says to meet half of 2014-2016 cost savings target this year
March 28, 2014 / 9:27 AM / 4 years ago

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

SANTANDER, Spain (Reuters) - Spain’s biggest bank Santander (SAN.MC) 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.

A woman stands outside a Santander bank branch in Madrid October 11, 2013. REUTERS/Juan Medina

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below