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Banco Santander SA (SAN)

SAN on New York Consolidated

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Spain's Santander cuts profitability target for UK business
Friday, 30 Sep 2016 04:53am EDT 

Spain's Banco Santander : Says cuts return on tangible equity ratio target (ROTE) for UK business in 2018 to between 8 and 10 percent from the range of between 12 and 14 percent set out in the previous strategy plan . Says cuts cost to income ratio target for British unit to between 50 and 52 percent in 2018 from a previous target of below 50 percent .  Full Article

Banco Santander lowers profitability target for Spain
Friday, 30 Sep 2016 04:53am EDT 

Spain's Banco Santander : Says cuts return on tangible equity ratio target (ROTE) for Spain in 2018 to 13 percent from the 14 percent set out in the previous strategy plan . Says changes cost-to-income ratio for Spanish business to 55 percent for 2018 from a previous target of about 50 percent .Says improves targets for non-performing loans to below 4 percent for 2018 from a previous target of below 4.5 percent.  Full Article

Santander says growth expectations worse in some markets, especially UK
Friday, 30 Sep 2016 03:27am EDT 

Spain's Banco Santander : Says growth expectations have deteriorated in some of the bank's markets, especially in Britain. .Says this had led to many currencies depreciating against the euro and an expectation that interest rates will remain lower for longer.  Full Article

Moody's UK ring-fencing rules to impact banks' credit fundamentals
Monday, 26 Sep 2016 05:35pm EDT 

Moody's On Uk Banks: Fencing rules to impact banks' credit fundamentals .Expects that the ring fencing rules will affect HSBC, Barclays, RBS, Lloyds, Santander UK, but will not apply to nationwide.  Full Article

Santander has pulled out of talks with Royal Bank of Scotland to buy Williams & Glyn - FT, citing sources
Tuesday, 20 Sep 2016 12:04pm EDT 

:Santander has pulled out of talks with Royal Bank of Scotland to acquire Williams & Glyn - FT, citing sources.  Full Article

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

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Santander is frontrunner for Deutsche's Polish assets: sources

WARSAW Spanish bank Santander is the frontrunner to buy Deutsche Bank's Polish assets ahead of Portugal's Millennium bcp , two sources familiar with the matter said.