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Grupo Santander

Grupo
SANTANDER
The strength of a great Group

Banco Santander is a global, multinational bank which was named the Best Bank in the World, in 2012 in the annual Euromoney ranking for the third time in recent years. At the close of the latest fiscal year, Santander was the largest bank in the eurozone and one of the thirteen leading banks in the world in terms of market capitalisation: 63 billion euros.

Based on a business model that focuses on retail banking products and services for private customers, SMEs, and companies, Santander currently serves more than 100 million customers through a global network of 14,400 branches, the largest in the international banking sector. It has 1.388 billion euros in managed funds in all customer segments, more than 3.3 million shareholders, and 187,000 employees.

Santander is currently the main financial group in Spain, its country of origin, and in Latin America, a continent where its main markets are Brazil, Mexico, Chile, and Argentina. It also holds a significant position in the United Kingdom, Germany, Portugal, Poland, and the north-east of the United States. In addition to these main markets, it also offers consumer finance services in Scandinavia, the Netherlands, Austria, Italy, and Belgium.  

Santander shares are the most liquid in the Eurostoxx, and are listed in the Madrid, New York, London, Lisbon, Mexico, São Paulo, Buenos Aires and Milan stock exchanges. They are listed in 63 different stock exchange indices.

Santander holds a unique position in the international banking sector, which allows it to increase its profits year after year, generating value for its shareholders, clients, and all of society. In 2012, in the midst of a severe global financial crisis, Santander’s profit before provisions grew to 23.559 billion euros, one of the three largest figures in the international banking sector. Santander closed the year with a 10.33% core capital ratio, and easily passed the strictest financial soundness tests required by all the competent national and international authorities.

Visit the Group’s website at: www.santander.com

History of Banco Santander

1900 - 1930
THE MAJOR GROWTH OF THE BEGINNING OF THE 20th CENTURY

Between the years 1900 and 1919, Banco Santander doubled its balance, extended its capital to ten million pesetas, increased its revenue, came close to the number of half million pesetas in profits in the fiscal year of 1917 and its profitability was above the average of the Spanish credit companies. Apart from that, during these years, the three most important Spanish banks which would later be integrated in Banco Santander, were founded: Banco Hispanoamericano (1900), Banco Español de Crédito (1902) and Banco Central (1919).

1900 - 1930
EMILIO BOTÍN Y LÓPEZ, FIRST PERMANENT PRESIDENT

During February of 1920, Emilio Botín y López is appointed as the first permanent president of Banco Santander.

1900 - 1940
THE PASEO PEREDA HEADQUARTERS AND THE FIRST NETWORK OF BRANCHES

The period between 1919 and 1940 was crucial for Santander. In 1923, it moved its registered office to the Paseo de Pereda building, it founded the Banco de Torrelavega and built a modest network of branches within the province (the first one in El Astillero in 1923) as well as outside of it (Espinosa de los Monteros, Lanestosa and Osorno, in 1924).

1930 - 1950
EMILIO BOTÍN SANZ DE SAUTUOLA Y LÓPEZ DRIVES THE MAJOR EXPANSION

In 1934, Emilio Botín Sanz de Sautuola y López is appointed CEO of the institution and in 1950 he takes on the presidency and drives a big expansion process all over Spain, which will continue during the 1960s with the acquisition of a great number of local banks.

1930 - 1950
THE ENTRANCE IN MADRID IN 1942

In 1942, Banco Santander acquires a small corporation, the Banco de Ávila, which allowed the bank to settle in Madrid, the country's financial capital.

1930 - 1950
ACQUISITION OF BANCO MERCANTIL

In 1946, Santander acquires its old rival in Santander, Banco Mercantil.

1930 - 1960
FIRST OFFICES IN AMERICA AND LONDON

In 1947, the first representative office in America was opened, in La Habana (Cuba), after which other offices were opened in Argentina, Mexico and Venezuela, as well as an office in London. In 1956, the Latin American Department of the Bank is created.

1930 - 1960
A CENTURY OF EXISTENCE AND SEVENTH MOST IMPORTANT SPANISH INSTITUTION

In 1957, after 100 years of existence, Banco Santander had become the seventh most important financial institution within Spain.

1960 - 1982
FIRST SUBSIDIARY IN ARGENTINA AND THE CREATION OF THE INTERCONTINENTAL ESPAÑOL

In 1960, Emilio Botín Sanz de Sautuola y García de los Ríos becomes a member of the Bank’s Board of Directors. During this period, the Banco del Hogar Argentino is acquired, becoming the first Santander subsidiary in Latin America, and after that, in 1965, the Banco Intercontinental Español (Bankinter) is created.

1960 - 1982
EMILIO BOTÍN SANZ DE SAUTUOLA Y GARCÍA DE LOS RÍOS, MANAGING DIRECTOR

In 1967 Emilio Botín Sanz de Sautuola y García de los Ríos is appointed CEO of the Bank, and after that, in 1977, he is appointed Managing Director.

1960 - 1982
ACQUISITIONS IN PUERTO RICO AND CHILE

With the acquisition in 1976 of the First National Bank of Puerto Rico and Banco Español-Chile in 1982, Santander becomes pioneer of the retail banking sector in Latin America.

1985 - 1990
CREATION OF THE SANTANDER BUSINESS BANK

In 1985, the Santander Business Bank is created in Spain to carry on with the activities of the investment banking and wholesale markets.

1985 - 1990
SUCCESION IN THE PRESIDENCY

In 1986, the current President, Emilio Botín Sanz de Sautuola y García de los Ríos, who at that moment was Vice-president and Managing Director, is appointed to fill the vacancy generated by his father's retirement, after 36 years as head of the Bank. His two first years in the presidency are dedicated in establishing the foundations to face the challenge of the Bank's modernization and expansion.

1985 - 1990
ACQUISITIONS IN GERMANY AND PORTUGAL, ALLIANCE WITH RBS

At the end of the 1980s, Santander increases its presence in Europe by acquiring the CC-Bank to Bank of America in Germany. Shares are acquired in the Banco de Comercio e Industria in Portugal, as well as the strategic alliance with The Royal Bank of Scotland, in 1988.

1985 - 1990
THE SUPERCUENTA SANTANDER BREAKS THE BANKING STATUS QUO AND CREATES COMPETITION IN THE SECTOR

In 1989, the "Supercuenta Santander" is launched, becoming one of the most innovative financial products in Spanish banking history, which challenged the "status quo" and opened the Spanish financial system to competition.

1990 - 2000
BANESTO ACQUISITION

In 1994, the acquisition of Banco Español de Crédito (Banesto) places Banco Santander as the leader in the Spanish market.

1990 - 2000
THE SECOND MAJOR EXPANSION IN THE AMERICAS

In 1995, a second period of expansion starts in Latin America (Argentina, Brazil, Colombia, Mexico, Peru and Venezuela), and on further developed there is a new drive to already existing businesses in Chile, Puerto Rico and Uruguay.

1990 - 2000
SANTANDER AND BCH, THE FIRST MAJOR BANKING MERGER OF THE EURO

In January, 1999, Banco Santander and BCH form the first major banking merger in the Eurozone, becoming the biggest financial institution in Spain and leader in Latin America. The bank acquires in Portugal the Totta and Açores and Crédito Predial Portugués financial group.

2000 - 2005
NEW INCORPORATIONS IN BRAZIL, MEXICO AND CHILE

As of the year 2000, Banespa in Brazil, Grupo Serfín in Mexico and Banco Santiago in Chile are incorporated as part of the Group.

2000 - 2005
SANTANDER CONSUMER IS CONSTITUTED

In 2003, the Group forms Santander Consumer, by integrating German CC-Bank, Italian Finconsumo, Hispamer in Spain as well as other corporations. This new retail banking franchise is present today in 12 European Countries (Spain, United Kingdom, Portugal, Italy, Germany, Holland, Poland, Czech Republic, Austria, Hungary, Norway and Sweden), in the United States through the Drive Finance and recently, it has reached an agreement to start its first operation in Latin America, in Chile.

2000 - 2005
2004: THE SANTANDER FINANCIAL CITY IS LAUNCHED

In April 2004, the central services in Madrid were transferred to the new Corporate Headquarters, the Santander City, which currently employs 6,800 professionals.

2000 - 2005
ACQUISITION OF ABBEY GROUP IN THE UNITED KINGDOM

In that same year Abbey Group, (the sixth most important bank in the United Kingdom) is incorporated into Santander.

2000 - 2005
FIRST PARTICIPATION IN THE UNITED STATES

In 2005, Santander reaches an agreement to acquire 19,8% of Sovereign Bancorp, the 18th most important bank in the United States.

2006 - 2010
THE LARGEST PROFIT OF ALL SPANISH COMPANIES IN 2006

In 2006, Santander obtained record profit of 7.596 million Euros, more than any other Spanish company, and placed special emphasis on client banking and services.

2006 - 2010
INCORPORATION OF THE BANCO REAL IN BRAZIL

In 2007, Santander celebrates its 150th anniversary, at this time Santander was the twelfth most important bank in the world by market capitalization in retail capitalization, the seventh in profits, and the corporation with the biggest retail distribution network in the western world: 10,852 offices. In partnership with the Royal Bank of Scotland and Fortis, Santander performs the ABN Amro acquisition operation, acquiring the Banco Real in Brazil, thus doubling its presence in the country.

2006 - 2010
INCORPORATION OF ALLIANCE & LEICESTER AND BRADFORD & BINGLEY IN THE UNITED KINGDOM

In 2008, Santander continued to grow, making important acquisitions in the United Kingdom (Alliance & Leicester and Bradford & Bingley). With 8.876 million Euros in profits, Santander becomes the third most important bank in the world by results.

2010 - 2012
ACQUISITION OF SOVEREIGN IN THE UNITED STATES

In 2010, Santander enters the retail banking business in the U.S.A. with the acquisition of Sovereign.

2010 - 2012
THE ROYAL BANK OF SCOTLAND NETWORK OUTSIDE OF SCOTLAND

In 2010, an agreement is reached for the acquisition of the branches outside Scotland of the Royal Bank of Scotland (RBS) and 25% of Santander Mexico, which was property of the Bank of America, is also acquired.

2010 - 2012
ENTRANCE IN POLAND AND A STEP FORWARDS IN GERMANY

In 2011, the retail banking business of the Scandinavian SEB group in Germany is incorporated, via Santander Consumer AG, and the Polish Bank Zachodni WBK is acquired.