March 28, 2014 / 9:27 AM / in 4 years

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.

    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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