Santander set for lending spree as profits jump on fewer bad loans

There was upbeat news on the lending front from Spain’s Santander.

The eurozone’s biggest bank announced net profit for the final three months of 2014 jumped nearly 70 percent from a year earlier to 1.46 billion euros – helped by fewer bad loans.

It also trumpeted a turnaround in lending last year after two years of shrinkage.

That paves the way for a loan drive by new boss Ana Botin, who took over from her late father last September.

As Santander’s lending rose five percent last year, with…

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