Santander Group

With its headquarters in Spain, Santander Group is one of the largest banking institutions in the Euro region. It offers comprehensive financial solutions to retail, corporate and institutional customers across four continents.[br]

With its headquarters in Spain, Santander Group is one of the largest banking institutions in the Euro region. It offers comprehensive financial solutions to retail, corporate and institutional customers across four continents.[br]

Santander Group: Business Profile

Santander Group is the banking arm of Banco Santander. The bank began operations in 1857. It merged with Banco Central Hispano to form Banco Santander Central Hispano (BSCH) in 1999. In 2007, the name was again changed to Banco Santander group. The group has operations in several countries across the globe. Owing to numerous acquisitions and mergers, the group owns many subsidiaries worldwide. Here is a list of geographical locations where Santander holds major market share according to the 2009 data:

• Continental Europe: Santander Group has operations in Spain, Portugal, Scandinavia, Germany and Italy. In this region, the group conducts business in the name of Santander Network (2,933 branches), Banesto (1,915 branches) in Spain, Santander Totta in Portugal (770 branches) and Santander Consumer Finance in other countries.

• The United Kingdom: Santander Group is considered the third largest banking institution in the UK in terms of assets. With 25 million customers, it enjoys 10% market share and has over 1,000 branches across the UK. The group has several financial subsidiaries in the UK, including Alliance & Leicester, Bradford & Bingley’s and Abbey National.

• Latin America: Santander Group has the biggest share of the financial market pie in this region, with over 6,000 branches. It holds the leading market share in major economies, such as Brazil, Chile, Argentina and Mexico. The group has 22 million customers in Brazil itself, after the integration of Banco Real.

• The US: The group acquired Sovereign Bank (747 branches) in 2008 to begin retail banking in the US.[br]

Santander Group: Financial Solutions

Santander Group has classified its financial solutions under the following sections:

• Individuals: Financial services available to retail customers are core banking operations, investment, mortgage and insurance.

• Companies: The group offer customized financial solutions for companies, including financing, asset management and treasury management.

• Institutions: Bank has specialized banking services for public and private institutions to meet specific financial needs.

• Corporations: Corporate customers can purchase investment, financing, risk management, stock floatation and security deposit services from Santander Group.

• Universities: The bank has specialist services for universities in the UK, Portugal, Brazil, Spain and Chile.

 

The Santander Group offers priority financial services under the private banking section as well.