Tag: Grupo Santander

• Tuesday, December 18th 2012 - 05:34 UTC

  Santander keeps growing: absorbs Banesto and Banif and will close 700 branches

  

  Banking giant Santander said on Monday that it will absorb two of its Spanish offshoots, closing 700 branches in the latest stage of Spain's great banking shake-up. The biggest bank in the Euro zone by market value, said it could save 520 million Euros a year by absorbing the offshoots, Banesto and Banif.

• Tuesday, December 4th 2012 - 16:19 UTC

  For Spain’s Santander bank Brazil is number one and ‘absolute preference’

  

  Emilio Botin chairman of Santander Bank, the leading financial institution in Spain and among the top largest in the European Union said in Sao Paulo that Brazil is the “number one country in Latin America” and the absolute preference of his institution.

• Thursday, October 25th 2012 - 19:06 UTC

  Santander quarterly profits plummet 90%; property losses provision of 3.5bn euros

  

  Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said.

• Wednesday, October 17th 2012 - 04:43 UTC

  Santander desists from purchase of 316 branches from Royal Bank of Scotland

  

  Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline.

• Tuesday, June 5th 2012 - 23:47 UTC

  Santander bank chief praised Brazil as “the place to be to make business”

  

  Emilio Botin president of Santander, Spain’s largest bank and one of the leading EU financial institutions said that Brazil is the top priority for the group since it is the source of 30% of its global earnings and anticipated the opening of more branches in merit to the country’s economic stability and social progress.

• Friday, December 9th 2011 - 06:58 UTC

  European banks must increase capitalization to 114.7bn Euros by next June

  

  Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.

• Wednesday, December 7th 2011 - 08:30 UTC

  Santander sells Colombia’s affiliate to a Chilean bank

  

  Banco Santander SA said late Tuesday it has agreed to sell all of its units in Colombia, including Banco Santander Colombia, to Chilean CorpBanca as part of its efforts to collect fund to comply with European regulators.

• Wednesday, November 23rd 2011 - 06:25 UTC

  Head of Spain’s main banking group meets with Brazilian president

  

  The president of Spain’s banking group Santander Emilio Botin described Brazil as “a very interesting market for Spain” following a meeting with Brazilian president Dilma Rousseff.

• Monday, May 2nd 2011 - 00:59 UTC

  Spain main bank’s profits sustained by Latin America branches, mainly Brazil

  

  Spain’s biggest bank Santander reported first-quarter profit declined 5% as lower earnings at home offset gains in Latin America. Net income fell to 2.11 billion Euros from 2.22 billion Euros a year earlier, the Spanish bank said in a filing Friday.

• Saturday, May 1st 2010 - 07:28 UTC

  Euro Zone Leading Bank Praises Latam Growth and Financial System

  

  Latin America currently has “the best financial system in the world”, said Francisco Luzón, member of the Board and head of the Latin American Division of Spain’s Banco Santander (NYSE:STD), the biggest bank by market capitalization in the Eurozone.