The euro zone's second-biggest bank by market value said on Wednesday it had booked one-off charges worth 12.6 billion euros as the economic deterioration caused by the COVID-19 pandemic forced it to writedown previous acquisitions, mainly in Europe.
MADRID: Spain's Santander reported a record net loss of 11.1 billion euros ($13 billion) in the second quarter, taking the biggest hit yet for a European bank dealing with the Covid-19 coronavirus crisis which it tried to offset with lower costs.
The euro zone's second-biggest bank by market value said on Wednesday it had booked one-off charges worth 12.6 billion euros as the economic deterioration caused by the COVID-19 pandemic forced it to writedown previous acquisitions, mainly in Europe.
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