Santander profit doubles amid lower charges for bad loans

Banco Santander SA reported Thursday that its net income rose to $1.44 billion in the fourth quarter from $575 million a year earlier, a 150 percent increase. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
Banco Santander SA reported Thursday that its net income rose to $1.44 billion in the fourth quarter from $575 million a year earlier, a 150 percent increase. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE
MADRID – Banco Santander SA, Spain’s biggest bank, said fourth-quarter profit more than doubled as it made fewer provisions for bad loans and income increased in the U.K. Net income rose to 1.06 billion euros ($1.44 billion) from 423 million euros ($575 million) a year earlier, the Santander, Spain-based bank said in a filing to…

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