[Anonymous]

It seems that Bank Santander has purchased property worth 500 Million Euros in Jan-March 2009 and has gotten 100 Million Euros from sales.

So a 400 Million negative outflow in 3 Months. I know that they like to sit on properties till they hope the price rises again, but can they afford to pay 1.6 Billion Euros per year to do that?

http://www.idealista.com/news/archivo/2009/04/29/068644-banco-santander-gasta-500-pisos-vende-100

[Author]

Posts