MADRID, April 26 Banco Santander is more
confident now that Britain's decision to exit the European Union
will not have a direct impact on its British business, Chief
Executive Jose Antonio Alvarez said on Wednesday.
"Initially the perception was very negative for growth ...
so far this has not materialized, growth has been good and the
impact on volumes has been immaterial," Alvarez said.
"Now we are more confident that there will less direct
impact on volumes and results," he told reporters at a news
conference to present the Spanish bank's first-quarter results.
Britain is Santander's second largest market.
(Reporting by Angus Berwick and Jesus Aguado)