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Banco Santander SA (SAN.MC)

SAN.MC on Madrid SE C.A.T.S.

26 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Santander Holdings provides update on form 10-Q filing
Tuesday, 30 Aug 2016 01:00pm EDT 

Santander Holdings USA Inc. : Provides Update On Form 10-Q filing . Santander holdings USA, inc. Provides update on form 10-Q filing . Will be delayed in filing of its quarterly report on form 10-Q for quarter ended June 30, 2016 beyond August 22 extended filing date . Reviewed all critical relationships, does not foresee a material interruption in or change to normal business activities .Accounting matters relate only to non-cash items in financial statements.  Full Article

Polish regulator seeks opinion on extra capital for BZ WBK
Thursday, 11 Aug 2016 05:14am EDT 

Poland's BZ WBK bank : Poland's financial regulator KNF has asked the macroeconomic stability body KSF to give an opinion on whether to recognise Poland's third-largest bank BZ WBK, a unit of Spain's Banco Santander , as a "systemically important institution" and require it hold a capital buffer equal to 0.50 percent of its risk exposure, the bank said on Thursday. .The bank has not received any information about the date of implementation of the capital buffer and its impact on minimum capital adequacy ratios, it said in a statement..  Full Article

Santander to focus on organic growth, will look at M&A opportunities
Wednesday, 27 Jul 2016 04:44am EDT 

Spain's Santander : Says it is focused on organic growth, but will look into M&A opportunities in key markets . Says may look in to potential purchase of RBS branches, but no decision has been taken . Says expects non-performing loans in Brazil to peak in the second half of 2017 .Says it is much more comfortable that it will pass next year's stress tests in the United States.  Full Article

Poland's BZ WBK sees profit rise in 2016 before one-offs, tax
Wednesday, 27 Jul 2016 02:00am EDT 

Bank Zachodni WBK : Poland's third largest lender by assets, Banco Santander unit BZ WBK, expects to post net profit rise this year excluding one-offs and a newly implemented bank tax. . "Regarding 2016 results we believe we will deliver growth, outperforming the sector, excluding one-offs, bank tax and other things," BZ WBK acting CEO Gerry Byrne told news conference. Further company coverage: [BZW.WA] (Reporting by Marcin Goclowski; Writing by Adrian Krajewski) ((adrian.krajewski@thomsonreuters.com;)).  Full Article

Spain's Santander says H1 net interest income 15.2 bln eur
Wednesday, 27 Jul 2016 01:15am EDT 

Spain's Santander : Says first half attributible net profit was 2.911 billion euros ($3.20 billion) . Says second quarter ordinary net profit was 1.6 billion euros . Says second quarter net interest income was 7.6 billion euros . Says first half net interest income was 15.2 billion euros . Says fully-loaded core tier 1 capital ratio was 10.36 percent at end-June versus 10.27 percent end-March . Says return on tangible equity (ROTE) was 11.09 percent at the end of June versus 11.1 percent in end of March . Says non-performing loans were 4.29 percent at the end of June versus 4.33 percent end-March . Says it keeps its target to increase cash dividend by 10 percent in 2016, total dividend by 5 percent .Says it is on track to meet fully-loaded core capital end-of-2018 target of above 11 percent.  Full Article

Santander Consumer USA says appoints William Rainer as board chairman
Tuesday, 12 Jul 2016 06:15am EDT 

Santander Consumer USA Holdings Inc - : Santander Consumer USA Holdings announces appointment of William Rainer as board chairman .Blythe Masters has resigned from board to take on a new role with Banco Santander, S.A. as group senior advisor on blockchain.  Full Article

S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote
Thursday, 7 Jul 2016 09:33am EDT 

S&P : S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote . S&P - Revised to negative from stable the outlooks on Barclays PLC and Barclays Bank Plc (including its core subsidiaries) . S&P - Revised to stable from positive our outlook on U.K.-Based NOHC The Royal Bank Of Scotland Group PLC (RBSG) . S&P - Affirmed the long- and short-term counterparty credit ratings on Santander UK Group Holdings PLC . S&P - Affirmed the long- and short-term counterparty credit ratings on Standard Chartered PLC and its rated bank subsidiaries . S&P - "Revised view based on outcome of the Brexit Vote, which we expect will reduce consumer confidence and the demand for credit in the near term" . S&P - See UK banks' strengthened capital, liquidity, funding profiles provide flexibility to manage extended period of economic , market uncertainty . S&P - "Believe that the U.K. economy is now entering a correction phase" Source - http://bit.ly/29qhzUN (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Santander chairman says banking industry needs more "clarity" on regulation
Tuesday, 24 May 2016 04:34am EDT 

Chairman of Spain's Banco Santander , Ana Botin: Says at Institute of International Finance (IIF) meeting in Madrid that banking system needs more "clarity" on regulation . Says Britain would be better off if it remains in the European Union but Santander would remain there whatever the outcome of the "Brexit" vote . At same event, Chairman of BBVA , Francisco Gonzalez, says there is no more room for expansionary monetary policy in the eurozone .Gonzalez says only way to boost economy in Europe is through expansion of fiscal policy and Germany should take the lead.  Full Article

Banco Santander SA said planning to cut as many as 1,200 jobs in Spain - Bloomberg - Reuters News
Wednesday, 6 Apr 2016 02:20am EDT 

Banco Santander SA:Banco Santander SA plans to cut as many as 1,200 jobs in Spain as it closes branches and customers switch to online banking, a person familiar with the matter said - Bloomberg.Spain’s largest lender met union representatives Wednesday in Madrid to start talks that could affect as much as 5 percent of the staff in its home market, said the person, who asked not to be identified.About 950 of the job losses will be at branches, while the rest will affect employees at the central services unit, the UGT union said in a statement.The bank will seek to offer employees early retirement and voluntary redundancy, the union said.Santander said last week it plans to close 450 branches, representing about 13 percent of its Spanish network, to boost profitability as it steers customers toward digital banking.Banco Bilbao Vizcaya Argentaria SA, the country’s second-biggest lender, may also reduce its domestic branches, Chief Executive Officer Carlos Torres Vila said Tuesday.  Full Article

Bank of Portugal awards Banco Banif's business to Banco Santander unit for 150 mln euros
Sunday, 20 Dec 2015 07:00pm EST 

Banco Santander SA:Bank of Portugal decided to award Banco Banif's business to Banco Santander Totta, a subsidiary of Banco Santander.Following this decision the businesses and branches of Banco Banif will become part of the Santander group.The transaction will be carried out via the transfer of a part (the commercial banking business) of Banif's assets and liabilities to Santander Totta.Banco Santander Totta will pay 150 million euros for Banco Banif's assets and liabilities.This transaction has an immaterial impact on the Santander group's capital and a slightly positive impact on profit as of year one.  Full Article

Three main contenders in bidding for Unicredit's Pioneer: sources

LONDON Three bidders have emerged as the main contenders to buy UniCredit's fund management arm Pioneer, in a deal which could net 3 billion euros ($3.4 billion) for Italy's largest bank, sources familiar with the matter said on Tuesday.