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Santander posts YOY jump in Q4 profit

Banco Santander SA reported fourth-quarter 2016 profit attributable to the group of €1.60 billion, compared to the year-ago €25 million, which was impacted by one-off items including an impairment of intangible assets and a charge for payment protection insurance in the U.K.

For the full year 2016, attributable profit rose to €6.20 billion from €5.97 billion.