Santander UK profits rise, but bank sees more borrowers under stress
Santander UK has notched up a rise in annual profits after being boosted by higher interest rates, but flagged rising numbers of borrowers falling behind with repayments.
The Spanish-owned bank said it is seeing a “modest” increase in customer arrears across mortgages, credit cards, unsecured personal loans and overdrafts in recent quarters.
Its mortgage borrowers faced paying an extra £250
