Santander CFO on Earnings, Banco Popular, Catalonia

The transcript covers various financial topics, including restructuring costs at Popular, integration progress, and capital injection by Santander. It discusses the impact of Catalonia's political situation on Santander and the Spanish economy, highlighting the robustness of the economic recovery. The UK mortgage market's stability and the potential effects of interest rate changes are examined. Finally, the transcript addresses Brazil's economic outlook, focusing on low interest rates and their positive impact on credit demand and quality.

What was the total pre-tax restructuring cost announced by Popular?

• 1 billion

• 300 million

• 1.3 billion

• 900 million

How significant are the movements in deposits from Catalonia to Santander?

• Very significant

• Moderately significant

• Of little significance

• Extremely significant

What is the expected impact of Catalonia's political situation on Spain's GDP growth?

• No impact

• 1% decrease

• 0.3% decrease

• 0.5% decrease

What is the current trend in the UK mortgage market according to the transcript?

• Stabilizing

• Increasing competition

• Volatile

• Declining

How has the UK economy performed post-Brexit according to the discussion?

• Unpredictably

• Moderately

• Poorly

• Very well

What is the expected trend for interest rates in Brazil by the end of the year?

• Stable at 8%

• Below 5%

• Around 7%

• Above 10%

What is the correlation between lower interest rates and credit quality in Brazil?

• Positive correlation

• No correlation

• Uncertain correlation

• Negative correlation