January 30, 2014 / 12:56 PM / 4 years ago

Santander's Botin forecasts 2014 profit growth in Spain, UK

MADRID, Jan 30 (Reuters) - Santander, the euro zone’s biggest bank, expects earnings at its UK business to rise 17 percent in 2014, Chairman Emilio Botin said on Thursday, following a 3.1 percent rise in profits there in 2013.

The UK arm posted profit of 1.1 billion pounds ($1.8 billion) in 2013.

Botin sees profit at its Spanish division reaching 1 billion euros in 2014 before tripling to 3 billion euros in 2016, he said.

Speaking to reporters, Botin also said it would take part as a banking adviser in the government’s potential sale of its stake in nationalised lender Bankia.

“Bankia is doing very well right now and I think a part could be listed now. I would take part in that listing,” Botin said.

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