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{{Use dmy dates|date=December 2023}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
{{Infobox company
| name = Banco Santander, S.A.
| name = Banco Santander S.A.
| logo = Banco Santander Logotipo.svg
| trading_name = Santander Group
| logo = Banco Santander Logotipo.svg
| logo_size = 175px
| logo_size = 275px
| image = Sedesocialsantander.jpg
| image = Sedesocialsantander.jpg
| image_size = 250px
| image_size = 250px
| image_caption = The façade of Banco Santander headquarters in [[Santander, Spain|Santander]], Spain
| image_caption = The façade of Banco Santander headquarters in [[Santander, Spain|Santander]], Spain.
| type = [[Sociedad Anónima]]
| type = [[Public company|Public]]
| traded_as = {{BMAD|ES0113900J37|SAN}}<br />{{NYSE|SAN}}<br />{{BMV|SAN|6542}}<br />{{WSE|SAN}}<br/>{{LSE|BNC}}
| traded_as = {{unbulleted list|{{BMAD|ES0113900J37|SAN}}|{{WSE|SAN}}|{{LSE|BNC}}}}
| predecessor =
| predecessor =
| foundation = {{start date and age|1857|5|15|df=y}}
| foundation = {{start date and age|1857|5|15|df=y}}
| founder =
| founder =
| location_city = [[Santander, Spain|Santander]] (legal headquarters) and [[Boadilla del Monte]], [[Community of Madrid]] (operating headquarters)
| location_city = [[Santander, Spain|Santander]] (legal headquarters) and [[Boadilla del Monte]], [[Community of Madrid]] (operating headquarters)
| location_country = Spain
| location_country = Spain
| locations =
| locations =
| area_served = Worldwide
| area_served = Worldwide
| key_people = [[Ana Botín|Ana Patricia Botín]]<br />{{small|(Group Executive chairman)}}<br />[[José Antonio Alvarez|José Antonio Álvarez]]<br />{{small|(Vice chairman)}}<br /> Héctor Grisi Checa <br />{{small|(CEO)}}
| key_people = {{ubl|[[Ana Botín|Ana Patricia Botín]] (Group Executive chairman)|[[José Antonio Alvarez|José Antonio Álvarez]] (Vice chairman)|Héctor Grisi Checa (CEO)}}
| ISIN = {{ISIN|sl=n|pl=y|ES0113900J37}}
| ISIN = {{ISIN|sl=n|pl=y|ES0113900J37}}
| industry = [[Financial services]]
| industry = [[Financial services]]
| products = [[Retail banking|Retail]], [[commercial bank|corporate]], [[investment banking|investment]] and [[private banking]], [[insurance]], [[investment management|asset management]], [[private equity]]
| products = [[Retail banking|Retail]], [[commercial bank|corporate]], [[investment banking|investment]] and [[private banking]], [[insurance]], [[investment management|asset management]], [[private equity]]
| services =
| services =
| revenue = {{increase}} 52.117&nbsp;billion (2022)<ref name=AR2022>[https://www.santander.com/content/dam/santander-com/en/documentos/resultados-trimestrales/2022/4q/rt-4q-2022-banco-santander-financial-report-en.pdf Santander 2022 Annual Report]</ref>
| revenue = {{increase}} €57.423&nbsp;billion (2023)<ref name=AR2023>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/891478/000089147824000038/san-20231231.htm |title=Santander 2023 Annual Report |date=21 February 2024 |access-date=23 February 2024 |publisher=US Securities and Exchange Commission}}</ref>
| net_income = {{increase}} €9.605&nbsp;billion (2022)<ref name=AR2022/>
| net_income = {{increase}} €11.08&nbsp;billion (2023)<ref name=AR2023 />
| aum = {{increase}} [[€]]401 [[billion]] (2022)<ref name=AR2022/>
| aum = {{increase}} €460.3&nbsp;billion (2023)<ref name=AR2023 />
| assets = {{increase}} €1.735&nbsp;trillion (2022)<ref name=AR2022/>
| assets = {{increase}} €1.797&nbsp;trillion (2023)<ref name=AR2023 />
| num_employees = {{increase}} 206,462 (2022)<ref name=AR2022/>
| equity = {{increase}} €104.2&nbsp;billion (2023)<ref name=AR2023 />
| num_employees = {{increase}} 212,764 (2023)<ref name=AR2023 />
| divisions =
| subsid =
| divisions =
| subsid =
| homepage = {{URL|www.santander.com}}
| homepage = {{URL|santander.com}}
}}
}}
'''Banco Santander, S.A.''', [[doing business as]] '''Santander Group''' ({{IPAc-en|UK|ˌ|s|æ|n|t|ən|ˈ|d|ɛər|,_|-|t|æ|n|-}} {{respell|SAN|tən|DAIR|,_-|tan|-}}, {{IPAc-en|US|ˌ|s|ɑː|n|t|ɑː|n|ˈ|d|ɛər}} {{respell|SAHN|tahn|DAIR}},<ref>{{cite LPD|3}}</ref><ref>{{cite EPD|18}}</ref> {{IPA-es|ˈbaŋko santanˈdeɾ|lang}}), is a Spanish multinational [[financial services]] company based in [[Madrid]] and [[Santander, Spain|Santander]] in [[Spain]]. Additionally, Santander maintains a presence in all [[Global Financial Centres Index|global financial centres]] as the [[List of largest banks|19th-largest banking institution]] in the world. Although known for its European banking operations, it has extended operations across [[North America|North]] and [[South America]], and more recently in [[Asia|continental Asia]]. It is considered a [[Systemically important financial institution|systemically important bank]] by the [[Financial Stability Board]]. <!-- The lack of citations is purposeful. Refer to Wikipedia:Manual of Style/Lead section#Citations for more information. Wikipedia allows there to be little to no citations in the lead area if it is cited within the main body. If there is something in the lead not cited in the main part drop a {{not found in body}} tag to indicate a missing citation and it will be addressed. --><!-- Keep 4 paragraphs at even or commensurate length; e.g. four paragraphs each six to seven sentences, etc. -->
'''Banco Santander S.A.''' [[trade name|trading as]] '''Santander Group''' ({{IPAc-en|UK|ˌ|s|æ|n|t|ən|ˈ|d|ɛər|,_|-|t|æ|n|-}} {{respell|SAN|tən|DAIR|,_-|tan|-}}, {{IPAc-en|US|ˌ|s|ɑː|n|t|ɑː|n|ˈ|d|ɛər}} {{respell|SAHN|tahn|DAIR}},<ref>{{cite LPD|3}}</ref><ref>{{cite EPD|18}}</ref> {{IPA|es|ˈbaŋko santanˈdeɾ|lang}}), is a Spanish multinational [[financial services]] company based in [[Madrid]] and [[Santander, Spain|Santander]] in [[Spain]]. Additionally, Santander maintains a presence in most [[Global Financial Centres Index|global financial centres]] as the [[List of largest banks|19th-largest banking institution]] in the world. Although known for its European banking operations, it has extended operations across [[North America|North]] and [[South America]], and more recently in [[Asia|continental Asia]]. It is considered a [[Systemically important financial institution|systemically important bank]] by the [[Financial Stability Board]]. <!-- The lack of citations is purposeful. Refer to Wikipedia:Manual of Style/Lead section#Citations for more information. Wikipedia allows there to be little to no citations in the lead area if it is cited within the main body. If there is something in the lead not cited in the main part drop a {{not found in body}} tag to indicate a missing citation and it will be addressed. --><!-- Keep 4 paragraphs at even or commensurate length; e.g. four paragraphs each six to seven sentences, etc. -->


Many subsidiaries, such as [[Abbey National]], have been rebranded under the Santander name. The company is a component of the [[Euro Stoxx 50]] [[stock market index]]. In June 2023, Santander was ranked as 49th in the [[Forbes Global 2000]] list of the world's biggest public companies.<ref>{{Cite web |title=Santander {{!}} Company Overview & News |url=https://www.forbes.com/companies/santander/ |access-date=12 June 2023 |website=Forbes |language=en}}</ref> Santander is Spain's largest bank.<ref name="veconomist" >{{cite news|title=BBVA, a Spanish bank, reinvents itself as a digital business|url=https://www.economist.com/news/finance-and-economics/21730161-it-wants-be-nimble-fintech-startup-shareholders-are-having-be|newspaper=[[The Economist]]|date=14 October 2017}}</ref>
Many subsidiaries, such as [[Abbey National]], have been rebranded under the Santander name. The company is a component of the [[Euro Stoxx 50]] [[stock market index]]. In June 2023, Santander was ranked as 49th in the [[Forbes Global 2000]] list of the world's biggest public companies.<ref>{{Cite web |title=Santander {{!}} Company Overview & News |url=https://www.forbes.com/companies/santander/ |access-date=12 June 2023 |website=Forbes |language=en |archive-date=12 June 2023 |archive-url=https://web.archive.org/web/20230612110534/https://www.forbes.com/companies/santander/ |url-status=live }}</ref> In 2023, the company was ranked 49th in the [[Forbes Global 2000]].<ref>{{Cite web|lang=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> Santander is Spain's largest bank.<ref name="veconomist" >{{cite news|title=BBVA, a Spanish bank, reinvents itself as a digital business|url=https://www.economist.com/news/finance-and-economics/21730161-it-wants-be-nimble-fintech-startup-shareholders-are-having-be|newspaper=[[The Economist]]|date=14 October 2017|access-date=13 October 2017|archive-date=13 October 2017|archive-url=https://web.archive.org/web/20171013172548/https://www.economist.com/news/finance-and-economics/21730161-it-wants-be-nimble-fintech-startup-shareholders-are-having-be|url-status=live}}</ref>


Banco Santander is chaired by [[Ana Botín|Ana Patricia Botín-Sanz de Sautuola O'Shea]], daughter and granddaughter of former chairmen [[Emilio Botín|Emilio Botin-Sanz de Sautuola y García de los Ríos]] and [[Emilio Botín (1903–1993)|Emilio Botín-Sanz de Sautuola López]], respectively.
Banco Santander is chaired by [[Ana Botín|Ana Patricia Botín-Sanz de Sautuola O'Shea]], daughter and granddaughter of former chairmen [[Emilio Botín|Emilio Botin-Sanz de Sautuola y García de los Ríos]] and [[Emilio Botín (1903–1993)|Emilio Botín-Sanz de Sautuola López]], respectively.


Santander has been designated as a Significant Institution since the entry into force of [[European Banking Supervision]] in late 2014, and as a consequence is directly supervised by the [[European Central Bank]].<ref>{{cite web |website=European Central Bank |title=The list of significant supervised entities and the list of less significant institutions |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm-listofsupervisedentities1409en.pdf |date=4 September 2014 }}</ref><ref>{{cite web |website=European Central Bank |title=List of supervised entities |date=1 January 2023 |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}</ref>
Santander has been designated as a Significant Institution since the entry into force of [[European Banking Supervision]] in late 2014, and as a consequence is directly supervised by the [[European Central Bank]].<ref>{{cite web |website=European Central Bank |title=The list of significant supervised entities and the list of less significant institutions |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm-listofsupervisedentities1409en.pdf |date=4 September 2014 |access-date=7 November 2023 |archive-date=7 November 2023 |archive-url=https://web.archive.org/web/20231107163326/https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm-listofsupervisedentities1409en.pdf |url-status=live }}</ref><ref>{{cite web |website=European Central Bank |title=List of supervised entities |date=1 January 2023 |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf |access-date=7 November 2023 |archive-date=7 November 2023 |archive-url=https://web.archive.org/web/20231107163328/https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf |url-status=live }}</ref>


==History==
==History==
Banco Santander was founded in 1857 as Banco de Santander.<ref>{{Cite web|last=chcom|date=8 February 2020|title=Banco Santander (Santander Bank)|url=https://www.companieshistory.com/santander-group/|access-date=4 December 2022|website=CompaniesHistory.com – The largest companies and brands in the world|language=en-US}}</ref> In 1999, it merged with [[Banco Central Hispano]], or BCH, which had in turn been formed through the 1991 merger of Banco Central and Banco Hispanoamericano. The combined bank, known as Banco Santander Central Hispano, or BSCH,<ref name="Guillén">{{cite book|title=Building a Global Bank: The Transformation of Banco Santander|author=[[Mauro F. Guillén]], Adrian Tschoegl|year=2008|isbn=9780691131252|publisher=[[Princeton University Press]]|url=https://books.google.com/books?id=nHr2IOQri1cC}}</ref><ref>Wankel, C., ''Encyclopedia of Business in Today's World'', Vol 1 ([[Thousand Oaks, California|Thousand Oaks]]: [[SAGE Publishing]], 2009) [https://books.google.com/books?id=tG589-fsj1gC&pg=PA106 page 106].</ref> was designed to be a "merger of equals", in which the top executives of the two pre-existing firms would share control of the merged entity. Soon after the merger former BCH executives accused Banco Santander chairman Emilio Botín Sanz de Sautuola, and García de los Ríos who succeeded him, of trying to push his own agenda and threatened to take legal action. This post-merger disagreement was resolved when BCH executives Jose Amusátegui and Angel Corcóstegui agreed to accept severance payments, retire and pass control to Botín, at an expense to shareholders of [[Euro|€]]183&nbsp;million.<ref name="Guillén"/>{{rp|169}} The large termination payouts generated negative press, and Botín was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management". However, in April 2005, the court cleared him of all charges, the €164&nbsp;million retirement payments made to the two former executives having been found to be legal, "made as compensation for the services provided to the bank". Also that year, the anti-corruption division of the Spanish public prosecutor's office cleared Botín of all charges in a separate case, in which he was accused of [[insider trading]].<ref>Guillén, M. F., & Tschoegl, A., ''Building a Global Bank: The Transformation of Banco Santander'' (Princeton: Princeton University Press, 2008), [https://books.google.com/books?id=nHr2IOQri1cC&pg=PT175 p. 175].</ref>{{rp|175}} In 2007, the bank officially changed the official name back to Banco Santander S.A.<ref>{{cite web|url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders-and-Investors/Corporate-governance/Corporate-Name.html|title=Corporate name|website=santander.com}}</ref>
Banco Santander was founded in 1857 as Banco de Santander.<ref>{{Cite web|last=chcom|date=8 February 2020|title=Banco Santander (Santander Bank)|url=https://www.companieshistory.com/santander-group/|access-date=4 December 2022|website=CompaniesHistory.com – The largest companies and brands in the world|language=en-US|archive-date=4 December 2022|archive-url=https://web.archive.org/web/20221204120636/https://www.companieshistory.com/santander-group/|url-status=live}}</ref> In 1999, it merged with [[Banco Central Hispano]], or BCH, which had in turn been formed through the 1991 merger of Banco Central and Banco Hispanoamericano. The combined bank, known as Banco Santander Central Hispano, or BSCH,<ref name="Guillén">{{cite book|title=Building a Global Bank: The Transformation of Banco Santander|author=[[Mauro F. Guillén]], Adrian Tschoegl|year=2008|isbn=9780691131252|publisher=[[Princeton University Press]]|url=https://books.google.com/books?id=nHr2IOQri1cC|access-date=20 October 2019}}</ref><ref>Wankel, C., ''Encyclopedia of Business in Today's World'', Vol 1 ([[Thousand Oaks, California|Thousand Oaks]]: [[SAGE Publishing]], 2009) [https://books.google.com/books?id=tG589-fsj1gC&pg=PA106 page 106].</ref> was designed to be a "merger of equals", in which the top executives of the two pre-existing firms would share control of the merged entity. Soon after the merger former BCH executives accused Banco Santander chairman Emilio Botín Sanz de Sautuola y García de los Ríos who succeeded him, of trying to push his own agenda and threatened to take legal action. This post-merger disagreement was resolved when BCH executives Jose Amusátegui and Angel Corcóstegui agreed to accept severance payments, retire and pass control to Botín, at an expense to shareholders of [[Euro|€]]183&nbsp;million.<ref name="Guillén"/>{{rp|169}} The large termination payouts generated negative press, and Botín was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management". However, in April 2005, the court cleared him of all charges, the €164&nbsp;million retirement payments made to the two former executives having been found to be legal, "made as compensation for the services provided to the bank". Also that year, the anti-corruption division of the Spanish public prosecutor's office cleared Botín of all charges in a separate case, in which he was accused of [[insider trading]].<ref>Guillén, M. F., & Tschoegl, A., ''Building a Global Bank: The Transformation of Banco Santander'' (Princeton: Princeton University Press, 2008), [https://books.google.com/books?id=nHr2IOQri1cC&pg=PT175 p. 175].</ref>{{rp|175}} In 2007, the bank officially changed the official name back to Banco Santander S.A.<ref>{{cite web|url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders-and-Investors/Corporate-governance/Corporate-Name.html|title=Corporate name|website=santander.com|access-date=15 April 2016|archive-date=26 September 2018|archive-url=https://web.archive.org/web/20180926214108/https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Shareholders-and-Investors/Corporate-governance/Corporate-Name.html|url-status=live}}</ref>


In 1996, Banco Santander acquired [[Grupo Financiero InverMexico]].<ref>{{cite news|url=http://elpais.com/diario/1996/10/24/economia/846108002_850215.html|title=El Santander cierra la compra del 75% del Banco Mexicano|date=24 October 1996|access-date=15 April 2016|work=[[El País]]|language=es|last1=Alonso|first1=Carlos}}</ref> In 2000, Banco Santander Central Hispano acquired [[Grupo Financiero Serfin]] of [[Mexico]].<ref>{{Cite news| issn = 0458-3035| last = KRAUL| first = CHRIS| title = Mexican Banking Deal Reflects Brighter Outlook| work = Los Angeles Times| access-date = 1 March 2015| date = 9 May 2000| url = https://articles.latimes.com/2000/may/09/business/fi-27985}}</ref> On 26 July 2004, Banco Santander Central Hispano announced the acquisition of [[Abbey National]] plc. Following shareholders' approval at the [[Extraordinary general meeting|EGM]] of Abbey (95 percent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004.<ref>[https://www.independent.co.uk/news/business/news/hbos-fury-as-eu-backs-santanders-abbey-bid-551521.html HBOS fury as EU backs Santander's Abbey bid] ''[[The Independent]]''</ref> In June 2006, Banco Santander Central Hispano purchased almost 20% of [[Sovereign Bank]] and acquired the option to buy the bank (at the time, the market value was roughly US$40 per share) for one year beginning in the middle of 2008.<ref>{{cite news|url=http://archive.boston.com/business/globe/articles/2005/10/25/spanish_bank_buys_sovereign_stake/|title=Spanish bank buys Sovereign stake|first=Sasha|last=Talcott|newspaper=Boston.com|date=25 October 2005|via=[[The Boston Globe]]}}</ref>
In 1996, Banco Santander acquired [[Grupo Financiero InverMexico]].<ref>{{cite news|url=http://elpais.com/diario/1996/10/24/economia/846108002_850215.html|title=El Santander cierra la compra del 75% del Banco Mexicano|date=24 October 1996|access-date=15 April 2016|work=[[El País]]|language=es|last1=Alonso|first1=Carlos|archive-date=30 September 2022|archive-url=https://web.archive.org/web/20220930164515/https://elpais.com/diario/1996/10/24/economia/846108002_850215.html|url-status=live}}</ref> In 2000, Banco Santander Central Hispano acquired [[Grupo Financiero Serfin]] of [[Mexico]].<ref>{{Cite news| issn = 0458-3035| last = KRAUL| first = CHRIS| title = Mexican Banking Deal Reflects Brighter Outlook| work = Los Angeles Times| access-date = 1 March 2015| date = 9 May 2000| url = https://www.latimes.com/archives/la-xpm-2000-may-09-fi-27985-story.html| archive-date = 14 September 2018| archive-url = https://web.archive.org/web/20180914120039/http://articles.latimes.com/2000/may/09/business/fi-27985| url-status = live}}</ref> On 26 July 2004, Banco Santander Central Hispano announced the acquisition of [[Abbey National]] plc. Following shareholders' approval at the [[Extraordinary general meeting|EGM]] of Abbey (95 percent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004.<ref>[https://www.independent.co.uk/news/business/news/hbos-fury-as-eu-backs-santanders-abbey-bid-551521.html HBOS fury as EU backs Santander's Abbey bid] {{Webarchive|url=https://web.archive.org/web/20180929041216/https://www.independent.co.uk/news/business/news/hbos-fury-as-eu-backs-santanders-abbey-bid-551521.html |date=29 September 2018 }} ''[[The Independent]]''</ref> In June 2006, Banco Santander Central Hispano purchased almost 20% of [[Sovereign Bank]] and acquired the option to buy the bank (at the time, the market value was roughly US$40 per share) for one year beginning in the middle of 2008.<ref>{{cite news|url=http://archive.boston.com/business/globe/articles/2005/10/25/spanish_bank_buys_sovereign_stake/|title=Spanish bank buys Sovereign stake|first=Sasha|last=Talcott|newspaper=[[The Boston Globe]]|date=25 October 2005|access-date=26 September 2018|archive-date=8 April 2023|archive-url=https://web.archive.org/web/20230408163651/http://archive.boston.com/business/globe/articles/2005/10/25/spanish_bank_buys_sovereign_stake/|url-status=live}}</ref>


In May 2007, Banco Santander Central Hispano announced that in conjunction with [[The Royal Bank of Scotland]] and [[Fortis (finance)|Fortis]] it would make an offer for [[ABN AMRO]]. BSCH's share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue. Then in October 2007, the consortium outbid [[Barclays]] and acquired [[ABN AMRO]]. As part of the deal, Grupo Santander acquired ABN AMRO's subsidiary in Brazil, [[Banco Real]], and its subsidiary in Italy, [[Banca Antonveneta]].<ref>{{cite web|url=http://www.marketwatch.com/news/story/santander-buys-abn-global-clients/story.aspx?guid=%7B9F44648B-B3C7-4C84-868D-CC461F99026D%7D|title=Santander buys ABN global clients in Brazil from RBS|first=Christopher|last=Bjork}}</ref> On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander. In November that year, it sold [[Banca Antonveneta]] to [[Banca Monte dei Paschi di Siena]], excluding a subsidiary [[Interbanca]]. In March 2008, Banco Santander sold [[Interbanca]] to [[GE Commercial Finance]], receiving in return [[GE Money]] businesses in [[Germany]], [[Finland]] and [[Austria]], and GE's card and auto-financing businesses in the UK, which it integrated with Santander Consumer Finance.<ref>{{cite news|url=http://uk.reuters.com/article/innovationNews/idUKBNG32552720080602 |title=GE, Santander finalize GE Money, Interbanca deal|work=[[Reuters]]|date=2 June 2008}}</ref>
In May 2007, Banco Santander Central Hispano announced that in conjunction with [[The Royal Bank of Scotland]] and [[Fortis (finance)|Fortis]] it would make an offer for [[ABN AMRO]]. BSCH's share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue. Then in October 2007, the consortium outbid [[Barclays]] and acquired [[ABN AMRO]]. As part of the deal, Grupo Santander acquired ABN AMRO's subsidiary in Brazil, [[Banco Real]], and its subsidiary in Italy, [[Banca Antonveneta]].<ref>{{cite web|url=http://www.marketwatch.com/news/story/santander-buys-abn-global-clients/story.aspx?guid=%7B9F44648B-B3C7-4C84-868D-CC461F99026D%7D|title=Santander buys ABN global clients in Brazil from RBS|first=Christopher|last=Bjork|access-date=22 November 2008|archive-date=22 January 2009|archive-url=https://web.archive.org/web/20090122090759/http://www.marketwatch.com/news/story/santander-buys-abn-global-clients/story.aspx?guid=%7B9F44648B-B3C7-4C84-868D-CC461F99026D%7D|url-status=live}}</ref> On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander. In November that year, it sold [[Banca Antonveneta]] to [[Banca Monte dei Paschi di Siena]], excluding a subsidiary [[Interbanca]]. In March 2008, Banco Santander sold [[Interbanca]] to [[GE Commercial Finance]], receiving in return [[GE Money]] businesses in [[Germany]], [[Finland]] and [[Austria]], and GE's card and auto-financing businesses in the UK, which it integrated with Santander Consumer Finance.<ref>{{cite news|url=http://uk.reuters.com/article/innovationNews/idUKBNG32552720080602|title=GE, Santander finalize GE Money, Interbanca deal|work=[[Reuters]]|date=2 June 2008|access-date=22 November 2008|archive-date=18 September 2020|archive-url=https://web.archive.org/web/20200918150736/https://uk.reuters.com/article/innovationNews/idUKBNG32552720080602|url-status=live}}</ref>


[[File:Santander headquarters, Madrid.jpg|thumb|"Ciudad Financiera de Boadilla", headquarters in [[Madrid]], Spain.]]
[[File:Santander headquarters, Madrid.jpg|thumb|"Ciudad Financiera de Boadilla", headquarters in [[Madrid]], Spain.]]
[[File:Banco Santander Building.jpg|thumb|"Banco Santander Building" at [[53rd Street (Manhattan)|53rd Street]], New York, formerly [[Santander Bank|the bank's US headquarters]]]]
[[File:Banco Santander Building.jpg|thumb|"Banco Santander Building" at [[53rd Street (Manhattan)|53rd Street]], New York, formerly [[Santander Bank|the bank's US headquarters]]]]
In July 2008, the group announced it intended to purchase the UK bank [[Alliance & Leicester]], which held £24&nbsp;billion in deposits and had 254 branches.<ref>{{cite news|url=http://news.bbc.co.uk/2/hi/business/7504822.stm|title=Santander agrees £1.2bn A&L deal|date=14 July 2008|via=news.bbc.co.uk}}</ref> Santander also purchased the savings business of [[Bradford & Bingley]] in September 2008, which held deposits of £22&nbsp;billion, 2.6&nbsp;million customers, 197 branches and 140 agencies.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3099272/Santander-buys-BandB-branch-network-and-deposit-book.html|title=Santander buys B&B branch network and deposit book|first=Peter Taylor and Philip|last=Aldrick|via=www.telegraph.co.uk}}</ref> The acquisition of Alliance & Leicester completed in October 2008 when the B&B's shares were delisted from the [[London Stock Exchange]]. By the end of 2010 the two banks merged with Abbey National under the Santander UK brand.<ref name="BBC">{{cite news|url=http://news.bbc.co.uk/1/hi/business/8069648.stm|title=Santander scraps UK bank brands|date=27 May 2009|work=[[BBC News]]|access-date=23 May 2009}}</ref> In October 2008, the Group announced to acquire 75.65% of Sovereign Bancorp it did not own for approximately US$1.9&nbsp;billion (€1.4&nbsp;billion). Because of the [[2008 financial crisis]] at the time, Sovereign's [[share price]] had fallen greatly: rather than the $40 per share it would have cost in 2006, Banco Santander ended up paying less than $3 per share. The acquisition of Sovereign gave Santander its first retail bank in the mainland United States.<ref>{{cite web|url=http://www.marketwatch.com/news/story/banco-santander-sa-acquire-sovereign/story.aspx?guid={AB31606E-9B6E-453D-BE5F-BA03B1497427}&dist=hppr|title=Santander to acquire Sovereign}}</ref> Santander renamed the bank to enhance its global brand recognition in October 2013.<ref>{{cite web |url=http://www.adweek.com/news/advertising-branding/sovereignsantander-picks-new-agency-142822 |title=Sovereign\Santander Picks New Agency |author=Noreen O'Leary |date=16 August 2012 |publisher=Adweek |access-date=3 September 2012}}</ref> On 14 December 2008, it was revealed that the collapse of [[Bernard Madoff]]'s [[Ponzi scheme]] might mean the loss of €2.33&nbsp;billion at Banco Santander.<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=20601087&sid=aQieJp1uakvc&refer=home | work=Bloomberg | title=Santander Clients Have $3.1&nbsp;billion With Madoff (Update1) | date=14 December 2008}}</ref>
In July 2008, the group announced it intended to purchase the UK bank [[Alliance & Leicester]], which held £24&nbsp;billion in deposits and had 254 branches.<ref>{{cite news|url=http://news.bbc.co.uk/2/hi/business/7504822.stm|title=Santander agrees £1.2bn A&L deal|date=14 July 2008|work=BBC News|access-date=26 September 2018|archive-date=17 August 2023|archive-url=https://web.archive.org/web/20230817221322/http://news.bbc.co.uk/2/hi/business/7504822.stm|url-status=live}}</ref> Santander also purchased the savings business of [[Bradford & Bingley]] in September 2008, which held deposits of £22&nbsp;billion, 2.6&nbsp;million customers, 197 branches and 140 agencies.<ref>{{cite web|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3099272/Santander-buys-BandB-branch-network-and-deposit-book.html|title=Santander buys B&B branch network and deposit book|first=Peter|last=Taylor|first2=Philip|last2=Aldrick|website=www.telegraph.co.uk|access-date=3 April 2018|archive-date=8 April 2023|archive-url=https://web.archive.org/web/20230408163937/https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3099272/Santander-buys-BandB-branch-network-and-deposit-book.html|url-status=live}}</ref> The acquisition of Alliance & Leicester completed in October 2008 when the B&B's shares were delisted from the [[London Stock Exchange]]. By the end of 2010 the two banks merged with Abbey National under the Santander UK brand.<ref name="BBC">{{cite news|url=http://news.bbc.co.uk/1/hi/business/8069648.stm|title=Santander scraps UK bank brands|date=27 May 2009|work=[[BBC News]]|access-date=23 May 2009|archive-date=29 May 2009|archive-url=https://web.archive.org/web/20090529014951/http://news.bbc.co.uk/1/hi/business/8069648.stm|url-status=live}}</ref> In October 2008, the Group announced to acquire 75.65% of Sovereign Bancorp it did not own for approximately US$1.9&nbsp;billion (€1.4&nbsp;billion). Because of the [[2008 financial crisis]] at the time, Sovereign's [[share price]] had fallen greatly: rather than the $40 per share it would have cost in 2006, Banco Santander ended up paying less than $3 per share. The acquisition of Sovereign gave Santander its first retail bank in the mainland United States.<ref>{{cite web|url=http://www.marketwatch.com/news/story/banco-santander-sa-acquire-sovereign/story.aspx?guid={AB31606E-9B6E-453D-BE5F-BA03B1497427}&dist=hppr|title=Santander to acquire Sovereign}}</ref> Santander renamed the bank to enhance its global brand recognition in October 2013.<ref>{{cite web |url=http://www.adweek.com/news/advertising-branding/sovereignsantander-picks-new-agency-142822 |title=Sovereign\Santander Picks New Agency |author=Noreen O'Leary |date=16 August 2012 |publisher=Adweek |access-date=3 September 2012 |archive-date=4 March 2016 |archive-url=https://web.archive.org/web/20160304060351/http://www.adweek.com/news/advertising-branding/sovereignsantander-picks-new-agency-142822 |url-status=live }}</ref> On 14 December 2008, it was revealed that the collapse of [[Bernard Madoff]]'s [[Ponzi scheme]] might mean the loss of €2.33&nbsp;billion at Banco Santander.<ref>{{cite news | url=https://www.bloomberg.com/apps/news?pid=20601087&sid=aQieJp1uakvc&refer=home | archive-url=https://archive.today/20120720022344/http://www.bloomberg.com/apps/news?pid=20601087&sid=aQieJp1uakvc&refer=home | url-status=dead | archive-date=20 July 2012 | work=Bloomberg | title=Santander Clients Have $3.1&nbsp;billion With Madoff (Update1) | date=14 December 2008 | access-date=5 March 2017}}</ref>


On 10 November 2009, [[HSBC]] Finance Corporation announced its auto finance entities had reached an agreement with Santander Consumer USA Inc.(SC USA) to sell HSBC US auto loan servicing operations, US$1&nbsp;billion in auto loan receivables for US$904&nbsp;million in cash, and enter into a loan servicing agreement for the remainder of its liquidated US auto loan portfolio. The transaction closed in the first quarter of 2010.<ref>Anon., [https://www.businesswire.com/news/home/20091110005196/en/HSBC-Finance-Santander-Consumer-Agreement-HSBCs-Auto "HSBC Finance, Santander Consumer in Agreement on HSBC's US Auto Business"], ''[[Business Wire]]'', 10 November 2009.</ref>
On 10 November 2009, [[HSBC]] Finance Corporation announced its auto finance entities had reached an agreement with Santander Consumer USA Inc.(SC USA) to sell HSBC US auto loan servicing operations, US$1&nbsp;billion in auto loan receivables for US$904&nbsp;million in cash, and enter into a loan servicing agreement for the remainder of its liquidated US auto loan portfolio. The transaction closed in the first quarter of 2010.<ref>Anon., [https://www.businesswire.com/news/home/20091110005196/en/HSBC-Finance-Santander-Consumer-Agreement-HSBCs-Auto "HSBC Finance, Santander Consumer in Agreement on HSBC's US Auto Business"] {{Webarchive|url=https://web.archive.org/web/20200726131248/https://www.businesswire.com/news/home/20091110005196/en/HSBC-Finance-Santander-Consumer-Agreement-HSBCs-Auto |date=26 July 2020 }}, ''[[Business Wire]]'', 10 November 2009.</ref>


In September 2010, Santander purchased [[Bank Zachodni WBK]] from [[Allied Irish Banks]]. On 28 February 2012, Santander announced that it had reached an agreement with [[KBC Bank]] to buy KBC's subsidiary Kredyt Bank in Poland. Santander merged Bank Zachodni WBK and Kredyt to create Poland's third-biggest bank, valued at about €5&nbsp;billion (US$6.7&nbsp;billion), having a market share of 9.6% in deposits, 8.0% in loans, 12.9% in branches (899), and more than 3.5&nbsp;million retail customers. As a result of the merger, [[Santander, Spain|Santander]] came to hold 76.5% of the combined bank, and KBC came to hold about 16.4%; other shareholders held about 7.1% of the shares in the combined bank. Santander stated that it intended to buy more of KBC's shares in the combined bank to bring KBC's holdings below 10%; KBC affirmed it intended to sell its remaining stake.<ref>{{cite web|url=http://www.businessweek.com/news/2012-02-28/santander-kbc-to-merge-zachodni-kredyt-bank|archive-url=https://web.archive.org/web/20120702190141/http://www.businessweek.com/news/2012-02-28/santander-kbc-to-merge-zachodni-kredyt-bank|url-status=dead|archive-date=2 July 2012|title=Terms of Service Violation|website=[[Bloomberg Businessweek|businessweek.com]]}}</ref> KBC sold its shareholding and Santander owns 75% of the bank, the rest is free float. In December 2012, Banco Santander announced that it would absorb [[Banesto]] and [[Banco BANIF]], purchasing the remaining 10% of Banesto it did not already own.<ref>{{cite news|url=https://www.bbc.co.uk/news/business-20754294|title=Santander absorbs Banesto and Banif and shuts branches|date=17 December 2012|newspaper=BBC News|access-date=29 September 2014}}</ref>
In September 2010, Santander purchased [[Bank Zachodni WBK]] from [[Allied Irish Banks]]. On 28 February 2012, Santander announced that it had reached an agreement with [[KBC Bank]] to buy KBC's subsidiary Kredyt Bank in Poland. Santander merged Bank Zachodni WBK and Kredyt to create Poland's third-biggest bank, valued at about €5&nbsp;billion (US$6.7&nbsp;billion), having a market share of 9.6% in deposits, 8.0% in loans, 12.9% in branches (899), and more than 3.5&nbsp;million retail customers. As a result of the merger, [[Santander, Spain|Santander]] came to hold 76.5% of the combined bank, and KBC came to hold about 16.4%; other shareholders held about 7.1% of the shares in the combined bank. Santander stated that it intended to buy more of KBC's shares in the combined bank to bring KBC's holdings below 10%; KBC affirmed it intended to sell its remaining stake.<ref>{{cite web|url=http://www.businessweek.com/news/2012-02-28/santander-kbc-to-merge-zachodni-kredyt-bank|archive-url=https://web.archive.org/web/20120702190141/http://www.businessweek.com/news/2012-02-28/santander-kbc-to-merge-zachodni-kredyt-bank|url-status=dead|archive-date=2 July 2012|title=Terms of Service Violation|website=[[Bloomberg Businessweek|businessweek.com]]}}</ref> KBC sold its shareholding and Santander owns 75% of the bank, the rest is free float. In December 2012, Banco Santander announced that it would absorb [[Banesto]] and [[Banco BANIF]], purchasing the remaining 10% of Banesto it did not already own.<ref>{{cite news|url=https://www.bbc.co.uk/news/business-20754294|title=Santander absorbs Banesto and Banif and shuts branches|date=17 December 2012|newspaper=BBC News|access-date=29 September 2014|archive-date=8 April 2023|archive-url=https://web.archive.org/web/20230408163938/https://www.bbc.co.uk/news/business-20754294|url-status=live}}</ref>


In October 2013, Santander acquired 51% of Spain's largest consumer finance business, Financiera [[El Corte Inglés]], for around €140&nbsp;million.<ref>{{cite news| url=https://www.reuters.com/article/us-santander-elcorteingles-idUSBRE9960EX20131007| title=Spain's Santander to buy 51 percent of El Corte Ingles finance arm | author= Carlos Ruano | publisher=Reuters | date=8 October 2013}}</ref> Santander acquired a €470&nbsp;million stake in [[HSBC]]'s [[Bank of Shanghai]] in 2013 to rebalance its business to the Asian market.<ref>{{Cite web|url=https://www.ft.com/content/f032d242-61cc-11e3-916e-00144feabdc0|title=Santander buys €470m stake in China bank|date=10 December 2013|website=Financial Times|access-date=4 December 2019}}</ref> In June 2014, Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for €700&nbsp;million (US$950&nbsp;million).<ref>{{cite news|author1=Paul Day|author2=Jesus Aguado|title=Santander to buy GE consumer finance business in Northern Europe|url=https://www.reuters.com/article/santander-general-electric-idUSL6N0P41C420140623|access-date=27 June 2014|publisher=Reuters.com|date=23 June 2014}}</ref> In September 2014, it was announced that Santander was in talks to merge its asset management unit with that of [[Unicredit]] to create a European firm worth €350&nbsp;billion in assets.<ref>{{cite press release | publisher=Reuters| date=23 September 2014| title= UniCredit, Santander in talks to merge asset management units | url= https://www.reuters.com/article/us-unicredit-santander-pioneer-idUSKCN0HI1SN20140923}}</ref> In November 2014, Banco Santander acquired a 5.1 percent stake in [[Monitise plc]] for £33&nbsp;million.<ref>{{cite press release | publisher=Reuters| date=27 November 2014| title= Santander takes five percent stake in mobile banking firm Monitise | url=https://www.reuters.com/article/us-santander-mobile-monitise-idUSKCN0JB14I20141127}}</ref> On 7 June 2017, Banco Santander purchased [[Banco Popular Español]] for a symbolic price of €1.<ref>Buck, T., [https://www.ft.com/content/4cf8a400-4b4b-11e7-a3f4-c742b9791d43 "Santander takes over ‘failing’ rival Banco Popular after EU steps in"], ''[[Financial Times]]'', 7 June 2017.</ref>
In October 2013, Santander acquired 51% of Spain's largest consumer finance business, Financiera [[El Corte Inglés]], for around €140&nbsp;million.<ref>{{cite news| url=https://www.reuters.com/article/us-santander-elcorteingles-idUSBRE9960EX20131007| title=Spain's Santander to buy 51 percent of El Corte Ingles finance arm| author=Carlos Ruano| publisher=Reuters| date=8 October 2013| access-date=5 July 2021| archive-date=8 April 2023| archive-url=https://web.archive.org/web/20230408164011/https://www.reuters.com/article/us-santander-elcorteingles-idUSBRE9960EX20131007| url-status=live}}</ref> Santander acquired a €470&nbsp;million stake in [[HSBC]]'s [[Bank of Shanghai]] in 2013 to rebalance its business to the Asian market.<ref>{{Cite web|url=https://www.ft.com/content/f032d242-61cc-11e3-916e-00144feabdc0|title=Santander buys €470m stake in China bank|date=10 December 2013|website=Financial Times|access-date=4 December 2019|archive-date=12 July 2023|archive-url=https://web.archive.org/web/20230712000026/https://www.ft.com/content/f032d242-61cc-11e3-916e-00144feabdc0|url-status=live}}</ref> In June 2014, Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for €700&nbsp;million (US$950&nbsp;million).<ref>{{cite news|author1=Paul Day|author2=Jesus Aguado|title=Santander to buy GE consumer finance business in Northern Europe|url=https://www.reuters.com/article/santander-general-electric-idUSL6N0P41C420140623|access-date=27 June 2014|publisher=Reuters.com|date=23 June 2014|archive-date=8 April 2023|archive-url=https://web.archive.org/web/20230408164044/https://www.reuters.com/article/santander-general-electric-idUSL6N0P41C420140623|url-status=live}}</ref> In September 2014, it was announced that Santander was in talks to merge its asset management unit with that of [[Unicredit]] to create a European firm worth €350&nbsp;billion in assets.<ref>{{cite press release| publisher=Reuters| date=23 September 2014| title=UniCredit, Santander in talks to merge asset management units| url=https://www.reuters.com/article/us-unicredit-santander-pioneer-idUSKCN0HI1SN20140923| access-date=5 July 2021| archive-date=8 April 2023| archive-url=https://web.archive.org/web/20230408164011/https://www.reuters.com/article/us-unicredit-santander-pioneer-idUSKCN0HI1SN20140923| url-status=live}}</ref> In November 2014, Banco Santander acquired a 5.1 percent stake in [[Monitise plc]] for £33&nbsp;million.<ref>{{cite press release| publisher=Reuters| date=27 November 2014| title=Santander takes five percent stake in mobile banking firm Monitise| url=https://www.reuters.com/article/us-santander-mobile-monitise-idUSKCN0JB14I20141127| access-date=5 July 2021| archive-date=8 April 2023| archive-url=https://web.archive.org/web/20230408164011/https://www.reuters.com/article/us-santander-mobile-monitise-idUSKCN0JB14I20141127| url-status=live}}</ref> On 7 June 2017, Banco Santander purchased [[Banco Popular Español]] for a symbolic price of €1.<ref>Buck, T., [https://www.ft.com/content/4cf8a400-4b4b-11e7-a3f4-c742b9791d43 "Santander takes over ‘failing’ rival Banco Popular after EU steps in"] {{Webarchive|url=https://web.archive.org/web/20230419185023/https://www.ft.com/content/4cf8a400-4b4b-11e7-a3f4-c742b9791d43 |date=19 April 2023 }}, ''[[Financial Times]]'', 7 June 2017.</ref>


In 2018, the bank announced a three-year push into [[Latin America]] to increase its presence in the market, particularly Brazil and Mexico, targeting these countries' super-rich.<ref>{{Cite web|url=https://www.ft.com/content/8e6e3fc6-f626-11e8-8b7c-6fa24bd5409c|title=Santander targets super-rich in three-year expansion plan|date=2 December 2018|website=Financial Times|access-date=4 December 2019}}</ref>
In 2018, the bank announced a three-year push into [[Latin America]] to increase its presence in the market, particularly Brazil and Mexico, targeting these countries' super-rich.<ref>{{Cite web|url=https://www.ft.com/content/8e6e3fc6-f626-11e8-8b7c-6fa24bd5409c|title=Santander targets super-rich in three-year expansion plan|date=2 December 2018|website=Financial Times|access-date=4 December 2019|archive-date=8 April 2023|archive-url=https://web.archive.org/web/20230408164045/https://www.ft.com/content/8e6e3fc6-f626-11e8-8b7c-6fa24bd5409c|url-status=live}}</ref>


On 13 and 14 July 2019, the integration of the entire Banco Popular network was completed. This meant the definitive end of the Popular brand from a commercial point of view.<ref>{{Cite web |title=Fin del Banco Popular: Santander extingue la marca - Economía Digital |url=https://www.economiadigital.es/empresas/fin-del-banco-popular-santander-extingue-la-marca_638186_102.html |access-date=28 January 2023 |language=es}}</ref>
On 13 and 14 July 2019, the integration of the entire Banco Popular network was completed. This meant the definitive end of the Popular brand from a commercial point of view.<ref>{{Cite web |title=Fin del Banco Popular: Santander extingue la marca - Economía Digital |url=https://www.economiadigital.es/empresas/fin-del-banco-popular-santander-extingue-la-marca_638186_102.html |access-date=28 January 2023 |language=es |archive-date=28 January 2023 |archive-url=https://web.archive.org/web/20230128213353/https://www.economiadigital.es/empresas/fin-del-banco-popular-santander-extingue-la-marca_638186_102.html |url-status=live }}</ref>


Dodge & Cox became Santander's second shareholder in an operation carried out on 13 June 2022. The US fund has a 3.038% stake in the bank. At the time of purchase, given the value of 2.64 euros per share, this stake was valued at 1,364 million euros.<ref>{{Cite web |last=Sobrino |first=Ricardo |date=16 June 2022 |title=Dodge & Cox aflora un 3% en Santander y se convierte en su segundo accionista |url=https://cincodias.elpais.com/cincodias/2022/06/16/companias/1655398633_270578.html |access-date=28 January 2023 |website=Cinco Días |language=es}}</ref>
In 2021, the bank was marked as one of the largest banks in Europe.<ref>{{Cite web |last=Howat |first=Evelyn |date=2021-09-10 |title=Top 10 largest banks in Europe |url=https://fintechmagazine.com/top10/top-10-largest-banks-europe |access-date=2024-03-03 |website=fintechmagazine.com |language=en}}</ref>

Dodge & Cox became Santander's second shareholder in an operation carried out on 13 June 2022. The US fund has a 3.038% stake in the bank. At the time of purchase, given the value of 2.64 euros per share, this stake was valued at 1,364 million euros.<ref>{{Cite web |last=Sobrino |first=Ricardo |date=16 June 2022 |title=Dodge & Cox aflora un 3% en Santander y se convierte en su segundo accionista |url=https://cincodias.elpais.com/cincodias/2022/06/16/companias/1655398633_270578.html |access-date=28 January 2023 |website=Cinco Días |language=es |archive-date=28 January 2023 |archive-url=https://web.archive.org/web/20230128213536/https://cincodias.elpais.com/cincodias/2022/06/16/companias/1655398633_270578.html |url-status=live }}</ref>

In February 2024, Banco Santander launched a share [[Share_repurchase|buyback]] of about 1.5 billion euros ($1.6 billion) and raised its [[Dividend_payout_ratio|payout ratio]] to 50%.<ref>{{Cite web|lang=en|url=https://www.bloomberg.com/news/articles/2024-02-19/santander-unveils-1-5-billion-buyback-after-record-profit?leadSource=uverify%20wall|title=Santander unveils 1,5 billion buyback after record profit|website=Bloomberg|access-date=2024-02-26|archive-date=2024-02-26|archive-url=https://web.archive.org/web/20240226073406/https://www.bloomberg.com/news/articles/2024-02-19/santander-unveils-1-5-billion-buyback-after-record-profit?leadSource=uverify%20wall}}</ref>


== Financial data ==
== Financial data ==
{| class="wikitable"
{| class="wikitable"
|+'''Financial data (in €&nbsp;billions)'''<ref>{{Cite web|url=https://www.wallstreet-online.de/aktien/banco-santander-aktie/bilanz|title=Banco Santander Bilanz, Gewinn und Umsatz {{!}} Banco Santander Geschäftsbericht {{!}} 858872|website=wallstreet-online.de|access-date=5 November 2018}}</ref>
|+'''Financial data (in €&nbsp;billions)'''<ref>{{Cite web|url=https://www.wallstreet-online.de/aktien/banco-santander-aktie/bilanz|title=Banco Santander Bilanz, Gewinn und Umsatz {{!}} Banco Santander Geschäftsbericht {{!}} 858872|website=wallstreet-online.de|access-date=5 November 2018|archive-date=16 June 2012|archive-url=https://web.archive.org/web/20120616062509/https://www.wallstreet-online.de/aktien/banco-santander-aktie/bilanz|url-status=live}}</ref>
!Year
!Year
!2013
!2013
Line 76: Line 82:
!2021
!2021
!2022
!2022
!2023
|-
|-
|[[Revenue]]
|[[Revenue]]
Line 88: Line 95:
|46.404
|46.404
|52.117
|52.117
|57.423
|-
|-
|[[Net Income]]
|[[Net Income]]
Line 100: Line 108:
|8.124
|8.124
|9.605
|9.605
|11.080
|-
|-
|[[Assets]]
|[[Assets]]
Line 112: Line 121:
|1,595.835
|1,595.835
|1,734.659
|1,734.659
|1,797,062
|-
|-
|Employees
|Employees
Line 124: Line 134:
|199,177
|199,177
|206,462
|206,462
|212,764
|}
|}


Line 131: Line 142:
[[File:Banco Santander.jpg|thumb|A branch of Santander in [[Rio de Janeiro]], Brazil]]
[[File:Banco Santander.jpg|thumb|A branch of Santander in [[Rio de Janeiro]], Brazil]]
[[File:Thanksgiving Tower.jpg|thumb|[[Santander Tower]] in [[Dallas]], [[Texas]]]]
[[File:Thanksgiving Tower.jpg|thumb|[[Santander Tower]] in [[Dallas]], [[Texas]]]]
The Santander Group operates across Europe, South America, North America and Asia, partly due to its acquisitions. {{As of|2013}} it had more than 186,000 employees, 14,392 branches, 3.26&nbsp;million shareholders and 102&nbsp;million customers. [[Retail banking]] — the main aspect of Santander's operations – generates 74% of the group's profit.<ref>{{cite web |url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Key-data-.html |title=Key data |year=2013 |publisher=Santander Group |access-date=1 March 2013}}</ref>
The Santander Group operates across Europe, South America, North America and Asia, partly due to its acquisitions. {{As of|2013}} it had more than 186,000 employees, 14,392 branches, 3.26&nbsp;million shareholders and 102&nbsp;million customers. [[Retail banking]] — the main aspect of Santander's operations – generates 74% of the group's profit.<ref>{{cite web |url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Key-data-.html |title=Key data |year=2013 |publisher=Santander Group |access-date=1 March 2013 |archive-date=5 March 2013 |archive-url=https://web.archive.org/web/20130305175837/http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Key-data-.html |url-status=live }}</ref> The top markets by revenue in 2023 were: Brazil (21.6%), Spain (17.4%), the US (12.3%), the UK (11.2%), Mexico (10.2%), Poland (6.3%), Chile (3.9%) and Portugal (3.6%).<ref>{{Cite web |title=Banco Santander, S.A.: Shareholders Board Members Managers and Company Profile {{!}} ES0113900J37 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/BANCO-SANTANDER-S-A-69308/company/ |access-date=2024-03-22 |website=www.marketscreener.com |language=en}}</ref>


On 10 June 2010, Grupo Santander announced that it would invest approximately US$270&nbsp;million (€200&nbsp;million) in [[Campinas]], Brazil in a technology centre for research and data processing and a data centre that was to support operations across North America, Central America and South America. The new centre was to be established within the 'Development Company for High Technology Cluster of Campinas' on 1&nbsp;million square metres. Construction began in January 2011, and full operation was expected in 2013 offering over 8,000 direct and indirect jobs.<ref>{{cite web|url=http://www.santander.com.br/document/wps/institucional_sala_press_junho10_004.pdf |title=Santander investirá R$ 450 milhões em pólo de tecnologia, pesquisa e processamento em Campinas |language=pt |publisher=Santander |date=10 June 2010 |access-date=14 July 2013}}</ref>
On 10 June 2010, Grupo Santander announced that it would invest approximately US$270&nbsp;million (€200&nbsp;million) in [[Campinas]], Brazil in a technology centre for research and data processing and a data centre that was to support operations across North America, Central America and South America. The new centre was to be established within the 'Development Company for High Technology Cluster of Campinas' on 1&nbsp;million square metres. Construction began in January 2011, and full operation was expected in 2013 offering over 8,000 direct and indirect jobs.<ref>{{cite web |url=http://www.santander.com.br/document/wps/institucional_sala_press_junho10_004.pdf |title=Santander investirá R$ 450 milhões em pólo de tecnologia, pesquisa e processamento em Campinas |language=pt |publisher=Santander |date=10 June 2010 |access-date=14 July 2013 |archive-date=11 March 2012 |archive-url=https://web.archive.org/web/20120311162904/http://www.santander.com.br/document/wps/institucional_sala_press_junho10_004.pdf |url-status=live }}</ref>


In 2013, global growth equity firm [[General Atlantic]], along with [[Warburg Pincus]] LLC, acquired a 50% stake in Santander Asset Management.<ref>{{cite news|last1=Dezember|first1=Ryan|title=Warburg, General Atlantic Buy Half of Santander's Asset Management Arm|url=https://blogs.wsj.com/moneybeat/2013/05/30/warburg-general-atlantic-buy-half-of-santanders-asset-management-arm/|access-date=16 December 2015|publisher=The Wall Street Journal}}</ref>
In 2013, global growth equity firm [[General Atlantic]], along with [[Warburg Pincus]] LLC, acquired a 50% stake in Santander Asset Management.<ref>{{cite news|last1=Dezember|first1=Ryan|title=Warburg, General Atlantic Buy Half of Santander's Asset Management Arm|url=https://blogs.wsj.com/moneybeat/2013/05/30/warburg-general-atlantic-buy-half-of-santanders-asset-management-arm/|access-date=16 December 2015|publisher=The Wall Street Journal|archive-date=22 December 2015|archive-url=https://web.archive.org/web/20151222090329/http://blogs.wsj.com/moneybeat/2013/05/30/warburg-general-atlantic-buy-half-of-santanders-asset-management-arm/|url-status=live}}</ref>


In 2010, Banco Santander expanded into [[China]], focusing on trade finance services and establishing a joint venture with [[China Construction Bank]].<ref>{{Cite web|url=https://www.scmp.com/article/729573/banco-santander-put-china-priority|title=Banco Santander to put China as priority|date=5 November 2010|website=South China Morning Post|language=en|access-date=4 December 2019}}</ref> The venture was set up in 2011 with initial funds of 3.5&nbsp;billion [[renminbi|yuan]] (US$530&nbsp;million).<ref>{{Cite news|date=27 March 2011|title=CCB, Santander to Set Up 3.5&nbsp;billion Yuan Rural Joint Venture|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2011-03-27/ccb-banco-santander-to-set-up-venture-securities-times-says|access-date=8 September 2020}}</ref>
In 2010, Banco Santander expanded into [[China]], focusing on trade finance services and establishing a joint venture with [[China Construction Bank]].<ref>{{Cite web|url=https://www.scmp.com/article/729573/banco-santander-put-china-priority|title=Banco Santander to put China as priority|date=5 November 2010|website=South China Morning Post|language=en|access-date=4 December 2019|archive-date=4 December 2019|archive-url=https://web.archive.org/web/20191204173216/https://www.scmp.com/article/729573/banco-santander-put-china-priority|url-status=live}}</ref> The venture was set up in 2011 with initial funds of 3.5&nbsp;billion [[renminbi|yuan]] (US$530&nbsp;million).<ref>{{Cite news|date=27 March 2011|title=CCB, Santander to Set Up 3.5&nbsp;billion Yuan Rural Joint Venture|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2011-03-27/ccb-banco-santander-to-set-up-venture-securities-times-says|access-date=8 September 2020|archive-date=24 October 2021|archive-url=https://web.archive.org/web/20211024030358/https://www.bloomberg.com/news/articles/2011-03-27/ccb-banco-santander-to-set-up-venture-securities-times-says|url-status=live}}</ref>


===Europe===
===Europe===
Line 172: Line 183:
** Banco Popular Portugal
** Banco Popular Portugal
** Banco Santander Consumer Portugal, SA
** Banco Santander Consumer Portugal, SA
** WiZink Portugal<ref>{{Cite web|url=https://www.wizink.pt/home|title = WiZink Portugal, O teu Banco Online}}</ref>
** WiZink Portugal<ref>{{Cite web|url=https://www.wizink.pt/home|title=WiZink Portugal, O teu Banco Online|access-date=5 May 2019|archive-date=5 May 2019|archive-url=https://web.archive.org/web/20190505152309/https://www.wizink.pt/home|url-status=live}}</ref>
** Hispamer
** Hispamer
*Spain
*Spain
Line 180: Line 191:
** Santander Consumer Finance
** Santander Consumer Finance
** [[Openbank]]
** [[Openbank]]
** WiZink
*Sweden
*Sweden
** Santander Consumer Bank AS
** Santander Consumer Bank AS
Line 243: Line 253:
==Sponsorships==
==Sponsorships==
[[File:Ferrari F1-75 in Melbourne.jpg|thumb|150x150px|The [[Ferrari F1-75]], a Santander-sponsored F1 car]]
[[File:Ferrari F1-75 in Melbourne.jpg|thumb|150x150px|The [[Ferrari F1-75]], a Santander-sponsored F1 car]]
Santander and [[La Liga]] had a title sponsorship deal from the [[2016–17 La Liga|2016–17 season]], forming the Spanish football league known commercially as [[La Liga|La Liga Santander]].<ref>{{cite web |url=https://www.laliga.es/en/news/laliga-and-santander-strike-title-sponsorship-deal |title=LaLiga and Santander strike title sponsorship deal |publisher=La Liga |access-date=21 July 2016 |archive-url=https://web.archive.org/web/20160725161336/http://www.laliga.es/en/news/laliga-and-santander-strike-title-sponsorship-deal |archive-date=25 July 2016 |url-status=dead }}</ref> Santander sponsored the [[UEFA Champions League]] for two years, from the [[2018–19 UEFA Champions League|2018–19 season]] to 2020–21.<ref>{{cite press release |url=https://www.uefa.com/insideuefa/about-uefa/administration/marketing/news/newsid=2521708.html |title=Banco Santander to become UEFA Champions League Partner |work=[[UEFA]] |access-date=29 November 2017}}</ref><ref>Impey, S., [http://www.sportspromedia.com/news/la-liga-extend-santander-title-sponsorship "La Liga extends Santander title sponsorship"], ''[[SportsPro]]'', 14 March 2019.</ref>
Santander and [[La Liga]] had a title sponsorship deal from the [[2016–17 La Liga|2016–17 season]], forming the Spanish football league known commercially as [[La Liga|La Liga Santander]].<ref>{{cite web |url=https://www.laliga.es/en/news/laliga-and-santander-strike-title-sponsorship-deal |title=LaLiga and Santander strike title sponsorship deal |publisher=La Liga |access-date=21 July 2016 |archive-url=https://web.archive.org/web/20160725161336/http://www.laliga.es/en/news/laliga-and-santander-strike-title-sponsorship-deal |archive-date=25 July 2016 |url-status=dead }}</ref> Santander sponsored the [[UEFA Champions League]] for two years, from the [[2018–19 UEFA Champions League|2018–19 season]] to 2020–21.<ref>{{cite press release |url=https://www.uefa.com/insideuefa/about-uefa/administration/marketing/news/newsid=2521708.html |title=Banco Santander to become UEFA Champions League Partner |work=[[UEFA]] |access-date=29 November 2017 |archive-date=13 February 2018 |archive-url=https://web.archive.org/web/20180213021546/https://www.uefa.com/insideuefa/about-uefa/administration/marketing/news/newsid=2521708.html |url-status=live }}</ref><ref>Impey, S., [http://www.sportspromedia.com/news/la-liga-extend-santander-title-sponsorship "La Liga extends Santander title sponsorship"] {{Webarchive|url=https://web.archive.org/web/20200220180822/https://www.sportspromedia.com/news/la-liga-extend-santander-title-sponsorship |date=20 February 2020 }}, ''[[SportsPro]]'', 14 March 2019.</ref>


Santander has also sponsored the main South American club competition [[Copa Libertadores]] since [[2008 Copa Libertadores|2008]] for the South American markets.<ref>{{cite web |url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Corporation-Sponsorship.html |title=Corporation Sponsorship |year=2013 |publisher=Santander Group |access-date=26 September 2013}}</ref>
Santander has also sponsored the main South American club competition [[Copa Libertadores]] since [[2008 Copa Libertadores|2008]] for the South American markets.<ref>{{cite web |url=http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Corporation-Sponsorship.html |title=Corporation Sponsorship |year=2013 |publisher=Santander Group |access-date=26 September 2013 |archive-date=9 June 2013 |archive-url=https://web.archive.org/web/20130609093056/http://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Corporation-Sponsorship.html |url-status=live }}</ref>


In [[Formula One]], from 2007 to 2017, Santander was a corporate sponsor of the [[Scuderia Ferrari|Ferrari]] and [[McLaren]] teams.<ref>{{cite web|url=https://www.pitpass.com/39013/Santander-extends-McLaren-partnership |title=Santander extends McLaren partnership |publisher=Formula 1 |date=14 September 2009 |access-date=14 July 2013}}</ref><ref>{{cite web|url=http://www.footyheadlines.com/2017/11/banco-santander-sponsor-uefa-champions-league.html |title=Banco Santander to Sponsor UEFA Champions League + Ends Complete Formula 1 Sponsorship|publisher=Footy Headlines |date=29 November 2017 |access-date=29 November 2017}}</ref> From 2022, Santander returned to Formula One as a premium sponsor of Ferrari.<ref>{{Cite web|date=21 December 2021|title=Scuderia Ferrari and Banco Santander back together again, with a new multi-year agreement|url=https://corporate.ferrari.com/en/scuderia-ferrari-and-banco-santander-back-together-again-new-multi-year-agreement|access-date=21 December 2021|website=corporate.ferrari.com|language=en}}</ref>
In [[Formula One]], from 2007 to 2017, Santander was a corporate sponsor of the [[Scuderia Ferrari|Ferrari]] and [[McLaren]] teams.<ref>{{cite web |url=https://www.pitpass.com/39013/Santander-extends-McLaren-partnership |title=Santander extends McLaren partnership |publisher=Formula 1 |date=14 September 2009 |access-date=14 July 2013 |archive-date=20 February 2022 |archive-url=https://web.archive.org/web/20220220110722/https://www.pitpass.com/39013/Santander-extends-McLaren-partnership |url-status=live }}</ref><ref>{{cite web |url=http://www.footyheadlines.com/2017/11/banco-santander-sponsor-uefa-champions-league.html |title=Banco Santander to Sponsor UEFA Champions League + Ends Complete Formula 1 Sponsorship |publisher=Footy Headlines |date=29 November 2017 |access-date=29 November 2017 |archive-date=1 December 2017 |archive-url=https://web.archive.org/web/20171201044223/http://www.footyheadlines.com/2017/11/banco-santander-sponsor-uefa-champions-league.html |url-status=live }}</ref> From 2022, Santander returned to Formula One as a premium sponsor of Ferrari.<ref>{{Cite web|date=21 December 2021|title=Scuderia Ferrari and Banco Santander back together again, with a new multi-year agreement|url=https://corporate.ferrari.com/en/scuderia-ferrari-and-banco-santander-back-together-again-new-multi-year-agreement|access-date=21 December 2021|website=corporate.ferrari.com|language=en|archive-date=21 December 2021|archive-url=https://web.archive.org/web/20211221111706/https://corporate.ferrari.com/en/scuderia-ferrari-and-banco-santander-back-together-again-new-multi-year-agreement|url-status=live}}</ref>


In March 2020, Santander Group in conjunction with La Liga announced the first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the [[COVID-19 pandemic]].<ref>Lang, J., [https://variety.com/2020/tv/global/intl-tv-newswire-laliga-fest-details-dancing-ledge-promotes-red-arrow-deals-1203547060/ "Intl TV Newswire: LaLiga Fest Details, Dancing Ledge Promotes, Red Arrow Deals"], ''[[Variety (magazine)|Variety]]'', 27 March 2020.</ref>
In March 2020, Santander Group in conjunction with La Liga announced the first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the [[COVID-19 pandemic]].<ref>Lang, J., [https://variety.com/2020/tv/global/intl-tv-newswire-laliga-fest-details-dancing-ledge-promotes-red-arrow-deals-1203547060/ "Intl TV Newswire: LaLiga Fest Details, Dancing Ledge Promotes, Red Arrow Deals"] {{Webarchive|url=https://web.archive.org/web/20220427191633/https://variety.com/2020/tv/global/intl-tv-newswire-laliga-fest-details-dancing-ledge-promotes-red-arrow-deals-1203547060/ |date=27 April 2022 }}, ''[[Variety (magazine)|Variety]]'', 27 March 2020.</ref>


==See also==
==See also==
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Revision as of 16:39, 15 August 2024

Banco Santander S.A.
Santander Group
Company typePublic
ISINES0113900J37
IndustryFinancial services
Founded15 May 1857; 167 years ago (1857-05-15)
Headquarters
Santander (legal headquarters) and Boadilla del Monte, Community of Madrid (operating headquarters)
,
Spain
Area served
Worldwide
Key people
ProductsRetail, corporate, investment and private banking, insurance, asset management, private equity
RevenueIncrease €57.423 billion (2023)[1]
Increase €11.08 billion (2023)[1]
AUMIncrease €460.3 billion (2023)[1]
Total assetsIncrease €1.797 trillion (2023)[1]
Total equityIncrease €104.2 billion (2023)[1]
Number of employees
Increase 212,764 (2023)[1]
Websitesantander.com

Banco Santander S.A. trading as Santander Group (UK: /ˌsæntənˈdɛər, -tæn-/ SAN-tən-DAIR, -⁠tan-, US: /ˌsɑːntɑːnˈdɛər/ SAHN-tahn-DAIR,[2][3] Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in most global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board.

Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In June 2023, Santander was ranked as 49th in the Forbes Global 2000 list of the world's biggest public companies.[4] In 2023, the company was ranked 49th in the Forbes Global 2000.[5] Santander is Spain's largest bank.[6]

Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola y García de los Ríos and Emilio Botín-Sanz de Sautuola López, respectively.

Santander has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[7][8]

History

Banco Santander was founded in 1857 as Banco de Santander.[9] In 1999, it merged with Banco Central Hispano, or BCH, which had in turn been formed through the 1991 merger of Banco Central and Banco Hispanoamericano. The combined bank, known as Banco Santander Central Hispano, or BSCH,[10][11] was designed to be a "merger of equals", in which the top executives of the two pre-existing firms would share control of the merged entity. Soon after the merger former BCH executives accused Banco Santander chairman Emilio Botín Sanz de Sautuola y García de los Ríos who succeeded him, of trying to push his own agenda and threatened to take legal action. This post-merger disagreement was resolved when BCH executives Jose Amusátegui and Angel Corcóstegui agreed to accept severance payments, retire and pass control to Botín, at an expense to shareholders of €183 million.[10]: 169  The large termination payouts generated negative press, and Botín was eventually brought to trial on criminal charges of "misappropriation of funds" and "irresponsible management". However, in April 2005, the court cleared him of all charges, the €164 million retirement payments made to the two former executives having been found to be legal, "made as compensation for the services provided to the bank". Also that year, the anti-corruption division of the Spanish public prosecutor's office cleared Botín of all charges in a separate case, in which he was accused of insider trading.[12]: 175  In 2007, the bank officially changed the official name back to Banco Santander S.A.[13]

In 1996, Banco Santander acquired Grupo Financiero InverMexico.[14] In 2000, Banco Santander Central Hispano acquired Grupo Financiero Serfin of Mexico.[15] On 26 July 2004, Banco Santander Central Hispano announced the acquisition of Abbey National plc. Following shareholders' approval at the EGM of Abbey (95 percent voted in favour, despite vocal opposition from most of those present) and Santander, the acquisition was formally approved by the courts and Abbey became part of the Santander Group on 12 November 2004.[16] In June 2006, Banco Santander Central Hispano purchased almost 20% of Sovereign Bank and acquired the option to buy the bank (at the time, the market value was roughly US$40 per share) for one year beginning in the middle of 2008.[17]

In May 2007, Banco Santander Central Hispano announced that in conjunction with The Royal Bank of Scotland and Fortis it would make an offer for ABN AMRO. BSCH's share of the offer added up to 28% and the offer would have to be made up of a capital increase through a new share issue. Then in October 2007, the consortium outbid Barclays and acquired ABN AMRO. As part of the deal, Grupo Santander acquired ABN AMRO's subsidiary in Brazil, Banco Real, and its subsidiary in Italy, Banca Antonveneta.[18] On 13 August 2007, Banco Santander Central Hispano changed its legal name to Banco Santander. In November that year, it sold Banca Antonveneta to Banca Monte dei Paschi di Siena, excluding a subsidiary Interbanca. In March 2008, Banco Santander sold Interbanca to GE Commercial Finance, receiving in return GE Money businesses in Germany, Finland and Austria, and GE's card and auto-financing businesses in the UK, which it integrated with Santander Consumer Finance.[19]

"Ciudad Financiera de Boadilla", headquarters in Madrid, Spain.
"Banco Santander Building" at 53rd Street, New York, formerly the bank's US headquarters

In July 2008, the group announced it intended to purchase the UK bank Alliance & Leicester, which held £24 billion in deposits and had 254 branches.[20] Santander also purchased the savings business of Bradford & Bingley in September 2008, which held deposits of £22 billion, 2.6 million customers, 197 branches and 140 agencies.[21] The acquisition of Alliance & Leicester completed in October 2008 when the B&B's shares were delisted from the London Stock Exchange. By the end of 2010 the two banks merged with Abbey National under the Santander UK brand.[22] In October 2008, the Group announced to acquire 75.65% of Sovereign Bancorp it did not own for approximately US$1.9 billion (€1.4 billion). Because of the 2008 financial crisis at the time, Sovereign's share price had fallen greatly: rather than the $40 per share it would have cost in 2006, Banco Santander ended up paying less than $3 per share. The acquisition of Sovereign gave Santander its first retail bank in the mainland United States.[23] Santander renamed the bank to enhance its global brand recognition in October 2013.[24] On 14 December 2008, it was revealed that the collapse of Bernard Madoff's Ponzi scheme might mean the loss of €2.33 billion at Banco Santander.[25]

On 10 November 2009, HSBC Finance Corporation announced its auto finance entities had reached an agreement with Santander Consumer USA Inc.(SC USA) to sell HSBC US auto loan servicing operations, US$1 billion in auto loan receivables for US$904 million in cash, and enter into a loan servicing agreement for the remainder of its liquidated US auto loan portfolio. The transaction closed in the first quarter of 2010.[26]

In September 2010, Santander purchased Bank Zachodni WBK from Allied Irish Banks. On 28 February 2012, Santander announced that it had reached an agreement with KBC Bank to buy KBC's subsidiary Kredyt Bank in Poland. Santander merged Bank Zachodni WBK and Kredyt to create Poland's third-biggest bank, valued at about €5 billion (US$6.7 billion), having a market share of 9.6% in deposits, 8.0% in loans, 12.9% in branches (899), and more than 3.5 million retail customers. As a result of the merger, Santander came to hold 76.5% of the combined bank, and KBC came to hold about 16.4%; other shareholders held about 7.1% of the shares in the combined bank. Santander stated that it intended to buy more of KBC's shares in the combined bank to bring KBC's holdings below 10%; KBC affirmed it intended to sell its remaining stake.[27] KBC sold its shareholding and Santander owns 75% of the bank, the rest is free float. In December 2012, Banco Santander announced that it would absorb Banesto and Banco BANIF, purchasing the remaining 10% of Banesto it did not already own.[28]

In October 2013, Santander acquired 51% of Spain's largest consumer finance business, Financiera El Corte Inglés, for around €140 million.[29] Santander acquired a €470 million stake in HSBC's Bank of Shanghai in 2013 to rebalance its business to the Asian market.[30] In June 2014, Santander bought GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for €700 million (US$950 million).[31] In September 2014, it was announced that Santander was in talks to merge its asset management unit with that of Unicredit to create a European firm worth €350 billion in assets.[32] In November 2014, Banco Santander acquired a 5.1 percent stake in Monitise plc for £33 million.[33] On 7 June 2017, Banco Santander purchased Banco Popular Español for a symbolic price of €1.[34]

In 2018, the bank announced a three-year push into Latin America to increase its presence in the market, particularly Brazil and Mexico, targeting these countries' super-rich.[35]

On 13 and 14 July 2019, the integration of the entire Banco Popular network was completed. This meant the definitive end of the Popular brand from a commercial point of view.[36]

In 2021, the bank was marked as one of the largest banks in Europe.[37]

Dodge & Cox became Santander's second shareholder in an operation carried out on 13 June 2022. The US fund has a 3.038% stake in the bank. At the time of purchase, given the value of 2.64 euros per share, this stake was valued at 1,364 million euros.[38]

In February 2024, Banco Santander launched a share buyback of about 1.5 billion euros ($1.6 billion) and raised its payout ratio to 50%.[39]

Financial data

Financial data (in € billions)[40]
Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenue 39.753 42.612 45.272 43.853 48.392 48.424 49.229 44.279 46.404 52.117 57.423
Net Income 5.409 7.024 7.819 7.892 8.963 9.315 8.116 (7.708) 8.124 9.605 11.080
Assets 1,115.637 1,266.296 1,340.260 1,339.125 1,444.305 1,459.271 1,522.695 1,508.250 1,595.835 1,734.659 1,797,062
Employees 182,958 185,405 193,863 188,492 202,251 202,713 196,419 191,189 199,177 206,462 212,764

Operations

A branch of Santander in Berlin, Germany
A branch of Santander in Cardiff, Wales
A branch of Santander in Rio de Janeiro, Brazil
Santander Tower in Dallas, Texas

The Santander Group operates across Europe, South America, North America and Asia, partly due to its acquisitions. As of 2013 it had more than 186,000 employees, 14,392 branches, 3.26 million shareholders and 102 million customers. Retail banking — the main aspect of Santander's operations – generates 74% of the group's profit.[41] The top markets by revenue in 2023 were: Brazil (21.6%), Spain (17.4%), the US (12.3%), the UK (11.2%), Mexico (10.2%), Poland (6.3%), Chile (3.9%) and Portugal (3.6%).[42]

On 10 June 2010, Grupo Santander announced that it would invest approximately US$270 million (€200 million) in Campinas, Brazil in a technology centre for research and data processing and a data centre that was to support operations across North America, Central America and South America. The new centre was to be established within the 'Development Company for High Technology Cluster of Campinas' on 1 million square metres. Construction began in January 2011, and full operation was expected in 2013 offering over 8,000 direct and indirect jobs.[43]

In 2013, global growth equity firm General Atlantic, along with Warburg Pincus LLC, acquired a 50% stake in Santander Asset Management.[44]

In 2010, Banco Santander expanded into China, focusing on trade finance services and establishing a joint venture with China Construction Bank.[45] The venture was set up in 2011 with initial funds of 3.5 billion yuan (US$530 million).[46]

Europe

  • Austria
    • Santander Consumer Bank GmbH
  • Belgium
    • Santander Consumer Finance Benelux B.V.
  • Denmark
    • Santander Consumer Bank AS
  • Finland
    • Santander Consumer Finance Oy
  • France
    • Banco Santander, S.A. – Representative Office in Paris
  • Germany
    • Santander Consumer Bank AG
    • Santander Bank (Zweigniederlassung der Santander Consumer Bank AG)
    • Santander Consumer Debit GmbH
    • Santander Consumer Leasing GmbH
  • Italy
    • Santander Consumer Bank S.p.A.
    • Santander Private Banking
  • Luxembourg
  • Netherlands
    • Santander Consumer Finance Benelux B.V.
  • Norway
    • Santander Consumer Bank AS
  • Poland
  • Portugal
  • Spain
  • Sweden
    • Santander Consumer Bank AS
  • Switzerland
    • Santander Private Banking
  • United Kingdom

Americas

Asia and Australia

  • China
    • Banco Santander, S.A. – Shanghai branch
    • Banco Santander, S.A. – Beijing branch
  • Hong Kong
    • Banco Santander, S.A. – Hong Kong branch
  • Singapore
    • Banco Santander, S.A. – Singapore branch

Africa

Sponsorships

The Ferrari F1-75, a Santander-sponsored F1 car

Santander and La Liga had a title sponsorship deal from the 2016–17 season, forming the Spanish football league known commercially as La Liga Santander.[48] Santander sponsored the UEFA Champions League for two years, from the 2018–19 season to 2020–21.[49][50]

Santander has also sponsored the main South American club competition Copa Libertadores since 2008 for the South American markets.[51]

In Formula One, from 2007 to 2017, Santander was a corporate sponsor of the Ferrari and McLaren teams.[52][53] From 2022, Santander returned to Formula One as a premium sponsor of Ferrari.[54]

In March 2020, Santander Group in conjunction with La Liga announced the first ever LaligaSantander Fest, a global charity concert event seeking to raise funds in response to the COVID-19 pandemic.[55]

See also

Citations

  1. ^ a b c d e f "Santander 2023 Annual Report". US Securities and Exchange Commission. 21 February 2024. Retrieved 23 February 2024.
  2. ^ Wells, John C. (2008). Longman Pronunciation Dictionary (3rd ed.). Longman. ISBN 978-1-4058-8118-0.
  3. ^ Jones, Daniel (2011). Roach, Peter; Setter, Jane; Esling, John (eds.). Cambridge English Pronouncing Dictionary (18th ed.). Cambridge University Press. ISBN 978-0-521-15255-6.
  4. ^ "Santander | Company Overview & News". Forbes. Archived from the original on 12 June 2023. Retrieved 12 June 2023.
  5. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  6. ^ "BBVA, a Spanish bank, reinvents itself as a digital business". The Economist. 14 October 2017. Archived from the original on 13 October 2017. Retrieved 13 October 2017.
  7. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014. Archived (PDF) from the original on 7 November 2023. Retrieved 7 November 2023.
  8. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023. Archived (PDF) from the original on 7 November 2023. Retrieved 7 November 2023.
  9. ^ chcom (8 February 2020). "Banco Santander (Santander Bank)". CompaniesHistory.com – The largest companies and brands in the world. Archived from the original on 4 December 2022. Retrieved 4 December 2022.
  10. ^ a b Mauro F. Guillén, Adrian Tschoegl (2008). Building a Global Bank: The Transformation of Banco Santander. Princeton University Press. ISBN 9780691131252. Retrieved 20 October 2019.
  11. ^ Wankel, C., Encyclopedia of Business in Today's World, Vol 1 (Thousand Oaks: SAGE Publishing, 2009) page 106.
  12. ^ Guillén, M. F., & Tschoegl, A., Building a Global Bank: The Transformation of Banco Santander (Princeton: Princeton University Press, 2008), p. 175.
  13. ^ "Corporate name". santander.com. Archived from the original on 26 September 2018. Retrieved 15 April 2016.
  14. ^ Alonso, Carlos (24 October 1996). "El Santander cierra la compra del 75% del Banco Mexicano". El País (in Spanish). Archived from the original on 30 September 2022. Retrieved 15 April 2016.
  15. ^ KRAUL, CHRIS (9 May 2000). "Mexican Banking Deal Reflects Brighter Outlook". Los Angeles Times. ISSN 0458-3035. Archived from the original on 14 September 2018. Retrieved 1 March 2015.
  16. ^ HBOS fury as EU backs Santander's Abbey bid Archived 29 September 2018 at the Wayback Machine The Independent
  17. ^ Talcott, Sasha (25 October 2005). "Spanish bank buys Sovereign stake". The Boston Globe. Archived from the original on 8 April 2023. Retrieved 26 September 2018.
  18. ^ Bjork, Christopher. "Santander buys ABN global clients in Brazil from RBS". Archived from the original on 22 January 2009. Retrieved 22 November 2008.
  19. ^ "GE, Santander finalize GE Money, Interbanca deal". Reuters. 2 June 2008. Archived from the original on 18 September 2020. Retrieved 22 November 2008.
  20. ^ "Santander agrees £1.2bn A&L deal". BBC News. 14 July 2008. Archived from the original on 17 August 2023. Retrieved 26 September 2018.
  21. ^ Taylor, Peter; Aldrick, Philip. "Santander buys B&B branch network and deposit book". www.telegraph.co.uk. Archived from the original on 8 April 2023. Retrieved 3 April 2018.
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References

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