Spanish promissory note organisation Santander has seen increase drop 59% after surroundings in reserve allowance to casing losses from the collapse of Spain's skill market.
Santander done increase of 2.2bn euros ($3bn, 1.9bn) in 2012, after surroundings in reserve 12.7bn euros for bad loans and 6.1bn for prospective skill losses.
The share of cryptic loans at its Spanish branches rose from 5.5% to 6.7% during the march of the year.
To add to its woes, working income at its UK and US businesses fell sharply.
In the UK it fell 26%, and the US 18%, suggesting that the long-term profitability of both units is being squeezed.
Operating distinction opposite the entire of Santander Group rose 1.6% to 23.6bn euros, interjection to a burly display at its Latin American businesses in Brazil, Mexico and Chile, that right away minister half of the group's profits, and 50% expansion at its tiny Polish subsidiary.
Santander is in the routine of timorous its Spanish business. It voiced in December that it was interesting High Street subsidiaries Banesto and Banif - a routine that would engage closure of 700 of the 3 banks' amalgamated 4,664 Spanish branches.
In its ultimate results, Santander reported a 6% reduction in the complete volume of loans hold by its Spanish units, and the sale of 33,500 Spanish homes it owned, assisting to lower its complete bearing to actual estate prices in the nation by half, to 12.5bn euros.
Meanwhile, the bank has one after another to capture more depositors in Spain, as it benefits from an picture of relations fortitude compared with the country's many deeply plagued informal extra savings banks.
Total deposits rose 12% during the year, enabling Santander to pay back 24bn euros of the long-term crisis loans it - along with many other banks in the eurozone - received from the European Central Bank final year.
"Profits reached a branch indicate in 2012," mentioned the bank's chairman, Emilio Botin. "In 2013, with the well-developed write-offs at the back us, you should see a evident increase in earnings, formed on the group's recurring revenues and cost control."