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Information about Banco Santander

Grupo Santander
Public
Founded1857
Headquarters Santander, Spain
Key peopleEmilio Botín, President
IndustryBanking
ProductsFinancial services
Employees129,749 (2006)
Websitewww.santander.com
Enlarge picture
Santander
Grupo Santander (LSE: BNC, NYSE: STD, IBEX-35: SAN) is a banking group centered around Banco Santander, the largest bank in Spain. Together with its local subsidiaires it has large scale operations in Europe and Latin America. It is the third largest bank in Europe in terms of market capitalization. Most subsidiaries have now rebranded to Santander. Originating in Santander, Cantabria, Spain. These are either Banco Santander brands or companies that have been acquired by the group. The most recent of these has been the acquisition of the UK bank Abbey in November 2004. Grupo Santander consists of 126,000 employees, 68 million customers, 10,000 branches and 2.6 million shareholders. Retail banking - the main aspect of Santander's operations - generates 82% of the group's profit. The group is amongst the top ten banking organisations in the world and is the biggest bank in the Eurozone. Currently, they are a corporate sponsor of the McLaren-Mercedes Formula 1 team.

History

The merger in 1999 of Banco Santander (founded in 1857) and Banco Central Hispano (BCH), founded in 1991 following the merger of Banco Central (est. 1919) and Banco Hispanoamericano (est. 1900), created Banco Santander Central Hispano, or BSCH.

On 26 July 2004 Abbey National plc (in the United Kingdom) and Banco Santander Central Hispano announced that they had reached agreement on the terms of a recommended acquisition by Banco Santander of Abbey. Following shareholders' approval at the EGMs of Abbey (95 per cent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of Grupo Santander on 12 November 2004.

In June 2006, Banco Santander Central Hispano purchased almost 20% of Sovereign Bank (in the United States) for $2.4 billion. As Banco Santander owns 25% of Sovereign, it has the right to buy the bank for $40 per share for one year beginning in the middle of 2008.[1]

In May 2007 Banco Santander Central Hispano announced that in conjunction with Royal Bank of Scotland and Fortis a proposed offer for ABN AMRO. The offer was in part to outbid Barclays. Banco Santander Central Hispano share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue.

On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander.

Shareholdings

Shareholders of banks acquired by Banco Santander retain the same number of shares they bought originally, but they are renamed to Santander. The most recent example is with Abbey National shares, where the bank was delisted from the London Stock Exchange and then relisted, but under the name of Banco Santander Central Hispano.

The Five Pillar Business Model

Bancp Santander states that it has its own business model, based upon a five pillar system. These are:
  • Customer-focused management
  • Efficiency
  • Credit risk quality
  • Capital discipline
  • "Multilocal" management with a global vision

Global Units

European Operations

Austria

  • Santander Consumer Bank Austria AG

Czech Republic

  • Santander Consumer Finance a.s.

Federation of Bosnia and Herzegovina

  • Santander Banka

Germany

  • Santander Consumer Bank AG
  • Santander Consumer Debit GmbH
  • Santander Consumer Leasing GmbH

Hungary

  • Santander Consumer Finance Zrt.

Italy

  • Santander Consumer

Jersey

  • Abbey International

Netherlands

  • Santander Consumer Finance BV (Abfin)

Norway

  • Santander Consumer Bank AS

Poland

  • Santander Consumer Bank S.A.

Portugal

Spain

Switzerland

United Kingdom

Latin American Operations

Argentina

Brazil

  • Banco Santander Brasil - formerly Santander Banespa, resultant of the merger of the following Santander-owned banks:
  • Banespa
  • Banco Santander Meridional (formerly Banco Meridional)
  • Banco Santander Brasil (formerly Banco Noroeste)

Chile

Colombia

  • Banco Santander Colombia

Mexico

  • Banco Santander México (formerly Banco Santander Serfín)

Puerto Rico

Uruguay

Venezuela

African Operations

North American Operations

USA

  • Santander Private Banking
  • Sovereign Bank - The group owns 24.99% of the common stock of Sovereign Bank and has the option to buy the remaining shares. If they purchase the entire bank it would probably be renamed and Santander would have its first retail bank in the mainland United States, since they have been in Puerto Rico since 1976.

External links

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IBEX 35 companies of Spain
A public company usually refers to a company that is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange.
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Santander

Flag Coat of Arms
Location

Location of Santander
Coordinates :
Time Zone :
General information
Native name Santander (Spanish)
Spanish name Santander
Postal code 39.
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Emilio Botín born in Santander, Cantabria, on the North coast of Spain in 1934. In 1986 Emilio Botín, then aged 52, took over from his father as president of the Banco de Santander, one of many banks that existed in Spain at the time.
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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bank is a commercial or state institution that provides financial services , including issuing money in various forms, receiving deposits of money, lending money and processing transactions and the creating of credit.
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
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  2. Gross margin (How much profit is obtained from each product?)

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New York Stock Exchange (NYSE), nicknamed the "Big Board", is a New York City-based stock exchange. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities[1], has the second most securities of all stock exchanges.
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Motto
"Plus Ultra"   (Latin)
"Further Beyond"
Anthem
"Marcha Real" 1
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Europe is one of the seven traditional continents of the Earth. Physically and geologically, Europe is the westernmost peninsula of Eurasia, west of Asia. Europe is bounded to the north by the Arctic Ocean, to the west by the Atlantic Ocean, to the south by the Mediterranean Sea,
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Latin America (Portuguese and Spanish: América Latina; French: Amérique Latine) is the region of the Americas where Romance languages, those derived from Latin (particularly Spanish and Portuguese), are primarily spoken.
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Santander

Flag Coat of Arms
Location

Location of Santander
Coordinates :
Time Zone :
General information
Native name Santander (Spanish)
Spanish name Santander
Postal code 39.
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For the Mesozoic island Cantabria, see .
Comunidad Autónoma de Cantabria

Flag Coat of arms

Anthem: Himno de Cantabria
Capital Santander
Official language(s) Spanish
Area
 – Total
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Motto
"Plus Ultra"   (Latin)
"Further Beyond"
Anthem
"Marcha Real" 1
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Abbey National plc

Subsidiary
Founded 1944
Headquarters London, UK

Key people Lord Burns, Chairman
António Horta-Osório, CEO
Industry Finance and Insurance
Products Financial Services
Employees 20,000
Parent Banco Santander
Website www.
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July 26 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

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Sovereign Bank (NYSE:  SOV ) is currently the 18th-largest banking institution in the United States [1] .

The bank has more than $90 billion in assets [2] , operates more than 800 retail banking offices [3] , over 2,000 ATMs [4]
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The Royal Bank of Scotland Plc
Banca Rìoghail na h-Alba

Public1
Founded 1727
Headquarters Edinburgh, Scotland, UK

Industry Finance and Insurance
Products Financial Services
Employees 22,000
Parent Royal Bank of Scotland Group
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Fortis SA/NV / Fortis N.V.

Public (Euronext AMS: FORA , Euronext BRU: FORB , LuxSE:  FOR )
Founded 1990
Headquarters Brussels, Belgium and Utrecht, the Netherlands

Key people Jean-Paul Votron, CEO
Industry Financial services
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ABN AMRO Holding N.V.

Public (Euronext: AAB , NYSE: ABN )
Founded 1991
Headquarters Amsterdam, the Netherlands

Key people Rijkman Groenink (CEO), Mark Fisher (nominated CEO)
Industry Financial services
Products Asset management
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Barclays PLC

Public (LSE:  BARC , NYSE:  BCS , TYO: 8642 )
Founded 1896
Headquarters London, England, UK

Key people Marcus Agius, Chairman
John Varley, Chief Executive
Industry Banking
Products Banking
Investment banking
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London Stock Exchange or LSE is a stock exchange located in London, England, United Kingdom. Founded in 1801, it is one of the largest stock exchanges in the world, with many overseas listings as well as British companies.
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Anthem
Land der Berge, Land am Strome   (German)
Land of Mountains, Land on the River
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Motto
"Pravda vítězí"   (Czech)
"Truth prevails"
Anthem
Kde domov můj
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