Santander UK reports 14% jump in annual pretax profit

Core Insights - Santander UK reported a 14% increase in annual pretax profit, driven by higher net interest income, lower costs, and reduced provision charges [1] Financial Performance - The annual pretax profit rose by 14%, indicating strong financial performance [1] - The increase in net interest income contributed significantly to the profit growth [1] - Lower operational costs and reduced provision charges also played a crucial role in enhancing profitability [1]