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santander-bankMADRID: Spanish banking giant Santander posted a 10.3 percent rise in third quarter profit on Thursday to 1.803 billion euros ($2.5 billion).

In its announcement, Santander added that it would raise its top-tier capital ratio to 10 percent by June 30 of next year without government help. The new recapitalisation target is higher than the 9.0 percent agreed by eurozone leaders in Brussels early on Thursday.

Copyright AFP (Agence France-Presse), 2011

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