Top Stories

Santander Bank

No Picture

Companies 26th April 2012

Santander, BBVA surpass €1 billion profit in Q1 2012: the geographical key

MADRID | Banco Santander registered a net attributable profit of €1.604 billion in the first quarter of 2012, a decline of 24% year on year. Santander, that released Thursday its results for the January-March period of this year, noted that this decline was mainly due to the significant increase in provisions for non-performing loans, which rose by 51% to €3.127 billion. Banco Santander revenues in the first quarter grew by more than…

No Picture

Companies 30th March 2012

Santander wins ‘UK Business Bank’ award ahead of Emilio Botín re-election

MADRID, LONDON | Emilio Botin will be re-elected on Saturday as board director and president of the Spanish financial group, currently third in the domestic rank after Caixabank and BBVA. But he got today a special gift via London: Banco Santander was named ‘Business Bank of the Year’ in the UK at the annual Business Moneyfacts Awards for its strategy to become the small and medium-sized companies’ bank of choice. It was the…

Headquarters 03

Companies 27th March 2012

CaixaBank+Banca Cívica = Spain’s €342-billion leading financial group

Should Banco Santander and BBVA watch out for this one? The absorption of Banca Cívica, approved on Monday by Caixabank’s board, will create the leading bank in the Spanish market, with assets of €342 billion, stock market capitalization in excess of €16 billion, 14 million customers and an average Spanish market share in deposits of 14.0%, in customer loans of 13.4% and in total assets of 10.5%. CaixaBank will become…

No Picture

aggregation line 15th February 2012

Santander UK secures £65 million from the European Investment Bank for education

Santander will receive the third tranche of funding from the European Investment Bank (EIB) to provide discounted loan rates to higher and further education facilities, science parks, incubation centres and other qualifying businesses in the education sector. The programme is part of the EIB’s engagement to support and strengthen the UK’s knowledge economy. The Spanish bank said that “The £65 million fund will help support the education sector, in turn helping to…

No Picture

Spanish economy 1st February 2012

Botín, the master of Spanish finances

By Julia Pastor, in Madrid | The president of the bank Santander Emilio Botín knows very well what he is talking about, and from where he is talking. He has a privileged position. He leads the most powerful and respected bank, not only in Spain but also in Europe. That is why on Tuesday, during the conference press to render and explain the banks’ last year results, he could afford…

No Picture

Markets 31st January 2012

Santander’s Botín to Spanish banks: it can be done, good results and provisions

By Tania Suárez, in Madrid | Banco Santander’s 4Q11 results are better than expected: it has registered attributable net profit of €5.351 billion, down 35%, after extraordinary provisions of €3.183 billion. According to Sabadell’s analysts, Santander “has achieved better results in the UK than expected, despite having suffered the negative effects of the new UK liquidity regulation.” Santander has noted important expenses (€3.180bn) with its property portfolio, with its Portuguese…

No Picture

Spanish economy 30th January 2012

Santander’s Iberian Conference opens to major listed companies

By Cotizalia.com | The second biggest event of the year for Spanish listed companies will be taking place on February 1. After the Spain Investors’ Day, that was held on January 11,12, next month will see a classic: the eighteenth edition of Santander’s Iberian Conference.  After a 2011 marked by heavy stock market falls that have reduced again the average market capitalisation of the Spanish listed companies, the big news…

No Picture

Markets 19th December 2011

Santander UK would now have a word about those Vickers reforms

LONDON | Chancellor of the British Treasury George Osborne confirmed Monday afternoon what Vince Cable, the Business Secretary, had announce the day before on BBC’s Andrew Marr Show: that the Vickers report will be forced on to all banking institutions in the United Kingdom. “Our big banks were at the very centre of the financial crisis, what the Europeans call Anglo-Saxon financial capitalism. It needs reform.” The next weeks will be…

No Picture

Markets 14th December 2011

Santander Consumer Finance signs joint venture with Chinese JAC

Santander Consumer Finance has signed in Hefei, Anhui Province, an agreement with Chinese car manufacturer Anhui Jianghuai Automobile Co., Ltd (JAC) to create an independent company to provide auto financing in the Chinese market. Under the accord, Santander Consumer Finance and JAC will each have a 50% stake in the new company and will each name three members to the board of directors. The consumer finance unit of Banco Santander…