Spain's Santander books Q2 record loss of 11.1 bln euros on writedowns
MADRID, July 29 (Reuters) - Spain's Santander SAN.MC on Wednesday reported a net loss of 11.1 billion euros ($13 billion) in the second quarter after it booked writedowns reflecting a lower valuation of some previous acquisitions resulting from the COVID-19 pandemic fallout.
The euro zone's second-biggest bank by market value said it booked impairments worth 12.6 billion euros in the quarter.
($1 = 0.8527 euros)
(Reporting by Jesús Aguado, Editing by Inti Landauro)
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