Spain's Santander posts 82% fall in first-quarter net profit on higher virus-linked provisions

MADRID (Reuters) - Spain's Santander posted an 82% year-on-year decline in first-quarter net profit on Tuesday as it booked more provisions for the potential impact from the coronavirus outbreak.The euro zone's second-biggest bank by market value reported a profit of 331 million euros ($358 million) for the January-March period, after it set aside 1.6 billion euros for the fallout from the COVID-19 pandemic.