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Santander Bank

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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…

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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…

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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…

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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…

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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…

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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…

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World economy 30th November 2011

Emilio Botín, the first banker to open a branch in a ‘favela’

In the last seven years in Brazil, 46 millions of poor people have become middle class and it is expected that 19 millions more can also improve their purchasing power by 2014. Banco Santander is the third private bank in Brazil, following Itaú and Bradesco, and the first opening a branch in a ‘favela’, Alemao, the most dangerous in Rio de Janerio. The daily Expansión had the scoop: “The opening…