Santander's Q3 net profit rises 24% year-on-year on lower provisions
MADRID, Oct 27 (Reuters) - Spain's Santander on Wednesday said its net profit in the third quarter rose 24% against the same period of last year thanks to lower loan loss provisions and a solid performance in the United States and Britain.
The euro zone second-biggest lender in terms of market value reported a net profit of 2.17 billion euros ($2.53 billion), more than the 1.97 billion euros forecast by analysts polled by Reuters.
($1 = 0.8593 euros) (Reporting by Jesús Aguado, editing by Inti Landauro)
