trending Market Intelligence /marketintelligence/en/news-insights/trending/fboNQieRQmCGtSjs2WSe3w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Santander Río's profits shoot up 142% as net interest income jumps

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Santander Río's profits shoot up 142% as net interest income jumps

Argentina's Banco Santander Río SA on Aug. 12 booked net income of 5.49 billion Argentine pesos for the second quarter of 2019, up 142% from the 2.27 billion pesos in the same period a year ago.

The results came as the bank's second-quarter net operating income jumped 57% year over year to 19.23 billion pesos from the 12.24 billion pesos earned in the year-ago period.

Net interest income jumped 95% to 14.32 billion pesos from 7.36 billion pesos a year earlier. However, personnel expenses also rose, to 4.30 billion pesos from 2.43 billion pesos, while depreciation and impairment of assets shot up 108% to 1.06 billion pesos from 509 million pesos in the year-ago period.

Administrative costs rose to 3.85 billion pesos from 2.52 billion pesos. Provisions for loan losses grew to 2.75 billion pesos from 1.82 billion pesos a year ago.

At the end of June, Santander Río's loan portfolio to the private sector amounted to 237.08 billion pesos, up 7.5% from the same month a year ago, with credit card lending rising 32.8% year over year.

The bank's delinquency rate was 4.33% for the quarter, up 30 basis points from the linked quarter and up from 2.4% in the year-ago period.

Return on equity was 40.9% in the second quarter, up from 33.2% a year earlier. Return on assets also rose to 3.6% from 2.6%.

As of Aug. 12, US$1 was equivalent to 55.33 Argentine pesos.