
Santander .
'Grupo Santander' () () is a marketing name of
Banco Santander Central Hispano (BSCH) and its subsidiaries. Originating in
Santander,
Cantabria,
Spain, it consists of a vast network of banking organisations with the majority based across
Europe and
Latin America. These are either Banco Santander brands or companies that have been acquired by the group. The most recent of these has been the acquisition of the UK bank
Abbey in November 2004. Grupo Santander consists of 126,000 employees, 68 million customers, 10,000 branches and 2.6 million shareholders. Retail banking - the main aspect of Santander's operations - generates 82% of the group's profit. The group is amongst the top ten banking organisations in the world and is the biggest bank in the Eurozone.
Shareholdings
Shareholders of banks acquired by Grupo Santander Central Hispano retain the same number of shares they bought originally, but they are renamed to Grupo Santander. The most recent example is with Abbey National shares, where the bank was delisted from the
London Stock Exchange and then relisted, but under the name of Banco Santander Central Hispano.
The Five Pillar Business Model
Santander Central Hispano states that it has its own business model, based upon a five pillar system. These are:
★ Customer-focused management
★ Efficiency
★ Credit risk quality
★ Capital discipline
★ "Multilocal" management with a global vision
Global Units
★
Santander Private Banking
★
Santander Consumer Finance
European Operations
===
Austria
★ Santander Consumer Bank Austria AG
Czech Republic
★ Santander Consumer Finance a.s.
Germany===
★
Santander Consumer Bank AG
★ Santander Consumer Debit GmbH
★ Santander Consumer Leasing GmbH
===
Hungary
★ Santander Consumer Finance Zrt.
Italy
★ Santander Consumer
Jersey
★ Abbey International
Netherlands
★ Santander Consumer Finance BV (Abfin)
Norway===
★
Santander Consumer Bank AS
===
Poland
★ Santander Consumer Bank S.A.
Portugal===
★
Totta
★
Crédito Predial Português
★ Banco Santander
★ Hispamer
★ Banco Santander Totta S.A
Spain
★
Santander
★
Banesto
★
Hispamer
★
Openbank
★
Banco BANIF
Switzerland
★
Santander Private Banking
United Kingdom
★
Abbey
★
cahoot
Latin American Operations
===
Argentina===
★
Banco Santander Rio (formerly known as Banco Rio)
===
Brazil===
★
Banco Santander Brasil - formerly Santander Banespa, resultant of the merger of the following Santander-owned banks:
★
★
Banespa
★
★
Banco Santander Meridional (formerly Banco Meridional)
★
★
Banco Santander Brasil (formerly Banco Noroeste)
===
Chile===
★
Banco Santander Santiago(formerlly known as Banco Santiago)
===
Colombia===
★
Banco Santander Colombia
===
Mexico===
★
Banco Santander México (formerly Banco Santander Serfín)
===
Puerto Rico===
★
Banco Santander Puerto Rico
★
Santander Overseas Bank
===
Uruguay===
★
Banco Santander Uruguay
===
Venezuela===
★
Banco de Venezuela
African Operations
★
Attijariwaffa Bank
North American Operations
USA
★
Santander Private Banking
★
Sovereign Bank - The group owns 24.99% of the common stock of Sovereign Bank and has the option to buy the remaining shares. If they purchase the entire bank it would probably be renamed and Santander would have its first retail bank in the USA.
External links
★
Group Website
★
Banco Santander stock quote