October 10, 2017 / 1:48 PM / in 11 days

BRIEF-Santander UK ups profitability target to 9-10 pct by 2018

Oct 10 (Reuters) - Spain’s Santander:

* Says increases Santander UK return on equity (ROTE) target to 9-10 percent by 2018 versus previous target of 8-10 percent set out in its 2016 strategy plan

* Says sees 2018 operational costs of 2.0 billion pounds ($2.6 billion) in Santander UK, unchanged from 2016, but down 100 million pounds from 2015.

* Says expects to end 2018 with a non-performing loan ratio of under 2 percent from 1.2 percent in the first half of 2017 Source text for Eikon: bit.ly/2ye6Evu Further company coverage: ($1 = 0.7585 pounds) (Reporting by Madrid Newsroom)

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