Profile: Banco Santander SA (SAN)

SAN on New York Consolidated

1 Oct 2014
Price Change (% chg)

$-0.07 (-0.74%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

Banco Santander, S.A. (Santander), incorporated on January 14, 1875, is the Parent bank of Grupo Santander. Santander is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products. It operates in four segments: Continental Europe, United Kingdom, Latin America and Sovereign. Continental Europe segment covers all retail banking business (including Banco Banif, S.A. (Banif), its specialized private bank), wholesale banking and asset management and insurance conducted in Europe, with the exception of the United Kingdom. This segment includes the units, such as the Santander Branch Network, Banco Espanol de Credito, S.A. (Banesto), Santander Consumer Finance (including Santander Consumer USA) and Portugal. United Kingdom includes retail and wholesale banking, asset management and insurance conducted by the various units and branches of the Company in the United Kingdom. Latin America includes the specialized units in Santander Private Banking, as an independent globally managed unit. Sovereign includes all the financial activities of Sovereign, including retail and wholesale banking, asset management and insurance. On March 10, 2010, Santander Private Banking UK Limited completed the sale of James Hay Holdings Limited (including its five subsidiaries).

Continental Europe

Continental Europe area covers the banking activities of the different networks and specialized units in Europe, principally with individual clients and small and medium-sized enterprises (SMEs), as well as private and public institutions. As of December 31, 2010, there were four main units within this area: the Santander Branch Network, Banesto, Santander Consumer Finance and Portugal including retail banking, global wholesale banking and asset management and insurance. During 2010, it accounted for 39.3% of total customer funds under management, 44.9% of total loans and credits and 35.0% of profit attributed to the Parent bank of the Company’s main business areas. Its retail banking activity in Spain is carried out mainly through the branch network of Santander, with support from an increasing number of automated cash dispensers, savings books updaters, telephone banking services, electronic and Internet banking. As of December 31, 2010, the Company had 2,931 branches. As of December 31, 2010, Banesto had 1,762 branches.

The Company’s consumer financing activities are conducted through its subsidiary Santander Consumer Finance and its group of companies. Most of the activity of Santander Consumer Finance relates to auto financing, personal loans, credit cards, insurance and customer deposits. These consumer financing activities are mainly focused on Germany, Spain, Italy, Norway, Poland, Finland, Sweden, the United States and the United Kingdom. The Company also conducts business in Portugal, Austria and the Netherlands, among others. As of December 31, 2010, the unit had 519 branches. Its main Portuguese retail and investment banking operations are conducted by Banco Santander Totta, S.A. (Santander Totta). As of December 31, 2010, Portugal operated 759 branches.

United Kingdom

The Company’s United Kingdom businesses include Abbey, the deposits and branches of Bradford & Bingley and Alliance & Leicester. Santander UK is a financial services provider in the United Kingdom. It also provides residential mortgage. Santander UK also provides a range of retail savings accounts, and operates across the full range of personal financial services. As of December 31, 2010, the Company had 1,416 branches.

Latin America

The Company’s Latin American banking business is principally conducted by the banking subsidiaries, such as Banco Santander (Brasil), S.A., Banco Santander Chile, Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero Santander, Banco Santander Rio, S.A. (Argentina), Banco Santander, S.A. (Uruguay), Banco Santander Colombia, S.A., Banco Santander Puerto Rico and Banco Santander Peru, S.A. The Company engages in a full range of retail banking activities in Latin America. As of December 31, 2009, it had 5,882 offices. The Company is focused on credit risk management, selective growth in lending, preserving adequate levels of liquidity, strengthening transactional businesses and, in particular, containing costs.


Sovereign’s operations are conducted solely in the United States. At December 31, 2010, Sovereign had 721 branches, 2,337 automated teller machines (ATMs).

Company Address

Banco Santander SA

Ciudad Grupo Santander
P: +34912.890000
F: +34912.541038

Search Stocks