SAN (Bancontander) Credit Losses Provision : $14,168 Mil (As of Sep. 2024)

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What is Bancontander Credit Losses Provision?

Bancontander's credit losses provision for the three months ended in Sep. 2024 was $3,271 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2024 was $14,168 Mil.

Bancontander's quarterly credit losses provision increased from Mar. 2024 ($3,397 Mil) to Jun. 2024 ($3,706 Mil) but then declined from Jun. 2024 ($3,706 Mil) to Sep. 2024 ($3,271 Mil).

Bancontander's annual credit losses provision increased from Dec. 2021 ($8,348 Mil) to Dec. 2022 ($11,500 Mil) and increased from Dec. 2022 ($11,500 Mil) to Dec. 2023 ($14,081 Mil).

Bancontander Credit Losses Provision Historical Data

The historical data trend for Bancontander's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bancontander Credit Losses Provision Chart

Bancontander Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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10,377.78

15,040.15

8,348.02

11,500.00

14,080.70

Bancontander Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Credit Losses Provision	Get a 7-Day Free Trial															3,457.84	3,793.89	3,396.74	3,706.14	3,270.81

Bancontander Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14,168 Mil.

Bancontander Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BCDRF:USA SAN:Poland SAN:Mexico 1SANX:Italy SANe:UK BNC:UK SAN:Spain BSD2:Germany BSD2:Germany BSD2:Germany BSDK:Germany BSD2:Germany BCSA34:Brazil SAN:Austria SAN:Argentina

Address

Avenida de Cantabria s/n, Boadilla del Monte, Ciudad Grupo Santander, Madrid, ESP, 28660

Website

https://www.santander.com

Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.