Bloomberg News

Santander U.K. Says 2011 Profit Declined on Insurance Provision

January 31, 2012

Jan. 31 (Bloomberg) -- Santander U.K. Plc said profit after tax in 2011 declined by more than 40 percent because of a 538 million-pound provision in June for customers who were sold so- called payment protection insurance.

The company commented in a statement today.

To contact the editor responsible for this story: Jon Menon at

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