Spanish banking system

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Santander’s Botin, full-time banker

MADRID | By Fernando G. Urbaneja | As a child, Emilio Botín used to listen to his father urging the branch directors of Santander bank –back then a local commercial lender- to capture more term deposits. Until his death on Wednesday, Mr Botín was head of Europe’s largest commercial bank, attentive to the evolution of credit lending in each regional branch, as well as in Spain, the United Kingdom, Brazil or Poland. He was a full-time business banker. There were no distractions for Emilio Botín: even when he was hunting in Africa or playing golf he was looking through his business reports; at the weekends he used to meet the executives of Santander at his own place. The bank was his only truly passion.


Santander bank to appoint new chairman today after Emilio Botin’s death

MADRID | The Corner | Spanish banking landmark Emilio Botin died on Wednesday at 79 of heart attack, but the country’s main lender won’t be without a captain for long: a special board meeting will be hold on Wednesday to designate a new chairman, the bank said in a statement. Scion of a wealthy banking dynasty, Mr Botín was the head of Spanish banking internationalization. Shares in Santander dropped 1.7 percent to 7.6 euros at 0710 GMT after the announcement.


Spanish banking system’s forthcoming woes

MADRID | By JP Marín Arrese | The Bank of Spain tough line on refinancing is likely to force extra new provisioning. Especially in entities where that practice was developed with little precautionary measures. 



Spain Economic Forum in the US: start-ups also want a piece of the cake

NEW YORK  | Several of the top Spanish companies put on a big show this Friday at New York’s Nasdaq. Telefonica, Indra, Dragados, Santander, Iberia, Repsol and many more shared their perspectives at the Spanish Economic Forum in order to boost their image among American investors and break some stereotypes. But how much do these iniciatives help to build real muscle? On the to do’s list: showing more optimism and sharing the cake with the start-ups.



The Spanish banking system holds some €108bn liquidity surplus

The first 3-year injection auction in November 2011 allowed the Spanish banking to get cheap and long-term funds, which substantially varied its liquidity position. According to AFI analysts, it also limited risks associated with restrictions to renew and issue bank debt and to attract sufficient retail funds to offset the fall in wholesale funding.