Santander primed for higher profit led by Spain, Botin says

MADRID – Banco Santander SA, Spain’s biggest bank, is primed to deliver improved earnings led by recovery in its home market as charges for bad loans subside and lending recovers, Chairman Emilio Botin said. Profit will be “normalized,” or back to pre-crisis levels, by 2016, said Botin, in response to a question at its annual…

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