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Santander Sees 2023 Targets on Track After Interest Income Boosts Profit

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Banco Santander said it remains on track to meet its 2023 targets after it reported a forecast-beating rise in net profit for the third quarter, with income from higher interest rates boosting its top line.

The Spanish bank said Wednesday that net profit for the quarter was 2.90 billion euros ($3.07 billion), up 20% on year.

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