Introduction
Despite the fact Banco Santander’s (SAN) financial results and metrics have been improving, the company’s releases are still met with scepticism by the market. Now, the 2019 results have been published with some positive surprises (a higher underlying net income and capital ratio while the NPL ratio has continued to trend down), I hope the bank will now finally receive the praise it deserves.
Although all amounts in this article will be expressed in Euro as that’s the currency Santander reports its financial results in, there is no specific