Banco Santander S.A.
Also Known As: Banco Santander
Commercial Lending
VAULT RANKINGS 2013
#26
Prestige
GENERAL INFO
Headquarters: Madrid,
Spain
5772 offices
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THE BUZZ…
- “Well managed, relatively unscathed—have had a good credit crunch”
- “Shrewd management entering this crisis, but I worry about their Spanish exposure”
- “Outstanding retail bank; up and coming”
- “Not too sophisticated”
NEWS AND UPDATES
Vault's Scoop
Uppers
- Going high tech and ongoing growth
Downers
- Opportunities outside the Spanish-speaking world are limited
ABOUT THIS COMPANY:
An equilibrium of businessesThe Madrid-based Banco Santander is one of the largest banks in the world. It has nearly 171,000 employees, more than 14,000 branches and 90 million customers. In 2008, it made €8.9 billion in profits, making it one of the five most profitable banks in the world. It also won several awards during the year. Euromoney named Santander the Best Bank in the World in 2008, marking the second time in four years the bank won this prize. The magazine also named Santander the Best Bank in the United Kingdom, Best Regional Bank in Latin America, Best Bank in Project Finance in Latin America, and Best Bank in several other countries (including Spain, Portugal, Chile and Argentina).
In terms of geographic presence, Santander’s global business is divided into three main areas: Continental Europe, which encompasses all of the group’s retail banking, asset management, insurance, and wholesale banking businesses in Europe; the United Kingdom, where the bank is the third largest in the country after doubling retail outlet presence in 2008; and Latin America, where the bank is the largest financial institution, conducting business through subsidiaries and affiliated banks in Argentina, Brazil, Chile, Columbia, Mexico, Puerto Rico and Venezuela. In 2008, Banco Santander expanded its presence in North America, with the purchase of Sovereign Bank, a large retail bank in the northeast U.S. with about 750 branch offices
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