Santander cautions that its presentation contains forward-looking statements that are subject to risks and uncertainties. It summarizes key risks such as general economic trends, financial market movements, competitive pressures, technological developments, and changes in customer creditworthiness. Santander does not undertake to update forward-looking statements except as required by law. The information in the presentation must be read together with all other public information and professional advice.
Santander cautions that its presentation contains forward-looking statements that may differ from actual results. It provides 2013 highlights including stronger capital and liquidity positions, improved credit quality, and a sharp increase in profit. However, exchange rates significantly impacted gross income figures. Costs varied by unit with some performing better than inflation. Overall credit quality trends were positive though Spain's ratio increased due to its shrinking loan portfolio.
1) The document cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
2) It notes key risk factors including general economic trends, financial market movements, competitive pressures, technological changes, and changes in the creditworthiness of customers.
3) The presentation provides an overview of Santander's first quarter 2015 results, including profit growth driven by higher revenues and lower loan loss provisions, as well as increases in lending and customer funds.
- Danske Bank reported higher profits in the second quarter compared to the first quarter, however revised its full-year guidance downwards due to market turbulence in June negatively impacting results.
- Net interest income was up slightly despite falling lending volumes, while costs were contained at the same level as the previous quarter. Loan impairments in core markets declined significantly.
- The Non-core business loss narrowed, while trading income increased due to asset value adjustments, though income at Corporates & Institutions was down on market volatility.
- Return on equity increased but total income fell 3% due to lower insurance and trading revenues, with guidance revised to a net profit of DKK 6.5-9 billion for 2013 from
Credit Suisse Group reported a net loss of CHF 579 million in Q2 2002, compared to a net profit of CHF 1.288 billion in Q2 2001. The losses were primarily due to significant declines in equity markets, which negatively impacted Winterthur Insurance. Total assets under management decreased 8% to CHF 1,293.2 billion from the prior quarter. Looking ahead, the company expects continued challenges from market conditions in H2 2002.
- Net profit for the company decreased 70.1% in the first half of 2016 compared to the same period in 2015, largely due to a one-time gain from the sale of government bonds in 2015. Excluding this, net profit decreased 17.6%.
- Total assets decreased slightly to €4.74 billion as of June 30, 2016, compared to December 31, 2015, as holdings of other financial assets decreased significantly while loans to customers remained stable.
- Capital levels remained strong with a Common Equity Tier 1 ratio of 15.42% as of June 30, 2016, slightly decreased from December 31, 2015 but still well above regulatory requirements.
This document summarizes the key financial highlights of a company for the first nine months of 2016 compared to the same period in 2015. It shows a significant decrease in net profit of 55.5% driven mainly by lower net banking income. Total equity increased slightly by 2.3% while funding decreased sharply by 31.8%. Credit quality remained stable with the cost of credit quality increasing slightly from 79 to 86 basis points. The portfolio of trade receivables grew by over 14% compared to the same period last year.
Santander cautions that its presentation contains forward-looking statements that may differ from actual results. It provides 2013 highlights including stronger capital and liquidity positions, improved credit quality, and a sharp increase in profit. However, exchange rates significantly impacted gross income figures. Costs varied by unit with some performing better than inflation. Overall credit quality trends were positive though Spain's ratio increased due to its shrinking loan portfolio.
1) The document cautions that the presentation contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
2) It notes key risk factors including general economic trends, financial market movements, competitive pressures, technological changes, and changes in the creditworthiness of customers.
3) The presentation provides an overview of Santander's first quarter 2015 results, including profit growth driven by higher revenues and lower loan loss provisions, as well as increases in lending and customer funds.
- Danske Bank reported higher profits in the second quarter compared to the first quarter, however revised its full-year guidance downwards due to market turbulence in June negatively impacting results.
- Net interest income was up slightly despite falling lending volumes, while costs were contained at the same level as the previous quarter. Loan impairments in core markets declined significantly.
- The Non-core business loss narrowed, while trading income increased due to asset value adjustments, though income at Corporates & Institutions was down on market volatility.
- Return on equity increased but total income fell 3% due to lower insurance and trading revenues, with guidance revised to a net profit of DKK 6.5-9 billion for 2013 from
Credit Suisse Group reported a net loss of CHF 579 million in Q2 2002, compared to a net profit of CHF 1.288 billion in Q2 2001. The losses were primarily due to significant declines in equity markets, which negatively impacted Winterthur Insurance. Total assets under management decreased 8% to CHF 1,293.2 billion from the prior quarter. Looking ahead, the company expects continued challenges from market conditions in H2 2002.
- Net profit for the company decreased 70.1% in the first half of 2016 compared to the same period in 2015, largely due to a one-time gain from the sale of government bonds in 2015. Excluding this, net profit decreased 17.6%.
- Total assets decreased slightly to €4.74 billion as of June 30, 2016, compared to December 31, 2015, as holdings of other financial assets decreased significantly while loans to customers remained stable.
- Capital levels remained strong with a Common Equity Tier 1 ratio of 15.42% as of June 30, 2016, slightly decreased from December 31, 2015 but still well above regulatory requirements.
This document summarizes the key financial highlights of a company for the first nine months of 2016 compared to the same period in 2015. It shows a significant decrease in net profit of 55.5% driven mainly by lower net banking income. Total equity increased slightly by 2.3% while funding decreased sharply by 31.8%. Credit quality remained stable with the cost of credit quality increasing slightly from 79 to 86 basis points. The portfolio of trade receivables grew by over 14% compared to the same period last year.
Acquisition of GE Capital Interbanca GroupBanca Ifis
Banca IFIS announces the acquisition of GE Capital Interbanca Group for €160 million. The acquisition includes Interbanca's lending, factoring, and leasing businesses. The acquisition is expected to create synergies by combining Banca IFIS's expertise in specialty finance with Interbanca's focus on SME lending. Cost synergies are expected to come from optimizing the operating model and rationalizing overhead costs. Revenue synergies will come from cross-selling products to each company's customer base and from increasing volumes. Integration costs of €17 million are estimated for 2016-2017 to integrate IT platforms and reengineer processes.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.'s financial highlights for Q3 2021. Revenue increased across all business segments, driven by higher sales volumes and improved prices. EBITDA was up significantly year-over-year for the Clean Energy Materials segment. Cash flow from operating activities more than tripled compared to the full year 2020. Overall, the company saw strong financial performance in Q3 2021 compared to the same period last year.
Banco Santander delivered an attributable profit of €1,867 million during the first quarter of 2017, +14% compared to Q1 2016. Excluding currency movements, profit before tax increased by 17% to €3,311 million.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
Santander delivered strong financial performance in 2016, with underlying profit before tax increasing 12% year-on-year in constant euros. Attributable profit grew 4% year-on-year. Loans increased 2% and funds grew 5% in constant euros. The CET1 ratio improved 50 basis points to 10.55%. Santander saw widespread growth across regions, particularly in developing markets like Mexico, Chile, and Argentina. Double-digit profit growth was driven by higher customer revenues and lower costs of credit.
The document provides financial results and highlights for Banca IFIS Group for 2016. Key points include:
- Net profit increased 324.7% to €687.9 million compared to 2015.
- Equity grew 112.5% to €1.218,8 billion at the end of 2016.
- Funding increased 14.4% to €7.037,7 billion, while loans grew 72.5% to €5.928,2 billion.
- The trade receivables segment saw a 9.9% increase in net banking income to €174.4 million.
- Non-performing loans in the trade receivables portfolio remained low at 1.0% of total
1. BBVA reported its first quarter 2015 results with income growth across all regions. Net attributable profit increased significantly both including and excluding Venezuela.
2. Risk indicators continued to improve with the NPL ratio down and coverage ratio up. Capital levels remained strong with fully-loaded leverage ratio of 6.2%.
3. Business activity increased in all regions including Spain where new loan production was more dynamic and the digital transformation plan is ongoing. Income grew in the US, Mexico and South America on strong operating performance.
Banco ABC - 3rd Quarter 2008 Results PresentationBanco ABC Brasil
This 3 sentence summary provides the key highlights from the 3Q08 Earnings Presentation:
The presentation discusses Banco ABC Brasil's 3Q08 financial results, noting that net income grew 11.5% over 2Q08 to R$48.4 million, the efficiency ratio was 35.8%, and the credit portfolio reached R$6,879.1 million, growing 5.9% over 2Q08. Return on equity was a strong 16.9% for the quarter.
The document provides LinkedIn's Q3 2012 results. Key metrics show continued growth in members, engagement, and website traffic. Revenue increased 48% year-over-year to $252 million, driven by growth in Talent Solutions and Marketing Solutions. Adjusted EBITDA was $65 million, representing a 26% margin. For Q4 2012, LinkedIn expects revenue of $270-275 million and adjusted EBITDA of $58-60 million.
BBVA reported strong results for 1Q19, with core revenue growth of 8.0%, operating income growth of 10.2%, and a resilient capital position. Net attributable profit was €1,164 million, down 7.7% from 1Q18 due to higher impairments. Sound risk indicators included a non-performing loan ratio of 3.94% and cost of risk of 1.06%. The CET1 fully-loaded capital ratio was 11.35%, absorbing the impact of IFRS16.
This document provides a summary of key performance indicators (KPIs) and financial results for a bank for the first half of 2017 compared to the same period in 2016. Some of the key points include:
- Net profit increased 165% to 103.7 million euros in the first half of 2017 compared to 39.1 million euros in the first half of 2016.
- Net banking income grew 65.7% to 250 million euros in the first half of 2017, up from 150.9 million euros in the first half of 2016.
- Loans to customers increased 2.6% to 6.084 billion euros as of June 30, 2017 compared to the end of 2016.
“Both the Interbanca integration and the results are positive, we look to the future with the intention to continue improving and growing.”
CEO Giovanni Bossi
Angel Ron: Banco Popular Third Quarter 2010 Results CrisisBanco Popular
Banco Popular, the organization headed by Angel Ron, presents the results obtained in the third quarter of 2010.
According to the results, Banco Popular expects to finish the year keeping the line in terms of results obtained in these months.
Banco Popular also points at that althought the crisis is not over, we will keep reinforcing our
provisions
BBVA reported results for the second quarter of 2019. Net attributable profit increased 5.7% compared to the second quarter of 2018, reaching €1,278 million. Gross income grew 4.2% in constant euros driven by a 10.4% increase in net interest income and 3% growth in net fees and commissions. Efficiency ratio improved 41 basis points to 49% as operating expenses grew below revenue. Sound risk performance continued with cost of risk at 0.91% and NPL ratio down 57 basis points. Capital position remained strong with a CET1 ratio of 11.52%.
- Record transactions closed in 2Q13 of R$5.4 billion and in 1H13 of R$9.7 billion, growth of 9% YoY for both periods.
- Net revenue of R$137.4 million in 2Q13, up 29% YoY. EBITDA of R$63.1 million in 2Q13, growth of 49% YoY.
- CrediPronto! originated R$530 million in mortgage loans in 2Q13, up 40% YoY, and increased its ending portfolio balance by 47% YoY.
The document summarizes Pine Bank's 2Q14 earnings release conference call. Key highlights include:
- Revenues were contributed by all business lines, with corporate credit representing 68.9% and FICC at 22.0%.
- The loan portfolio remained above R$10 billion with increased sector diversification among the top 20 clients.
- Non-performing loans remained low at 1.1% and the bank maintained high coverage ratios.
- Funding remains diversified among various sources including local capital markets, trade finance, and onlendings.
The document outlines Banca IFIS's strategic plan for 2017-2019. It discusses the bank's vision, past performance, and future goals. Key points include:
- Past performance showed strong growth from 2016 with loans up 72.5%, equity up 112.5%, and net profit up 324.7%.
- The strategic plan aims for continued growth across all business segments including trade receivables, corporate banking, and leasing.
- Goals for the next 3 years include increasing net profit at a CAGR of 40-45% and achieving an ROE over 15% and EPS over €4.5 by 2019.
- The bank will focus on diversifying funding sources, maintaining high
Banco ABC - 2nd Quarter 2008 Results PresentationBanco ABC Brasil
The 2Q08 earnings presentation highlighted strong growth and profitability for Banco ABC Brasil. Net income grew 14.2% quarter-over-quarter to R$43.4 million, with the efficiency ratio improving to 35.1%. The credit portfolio expanded 12.4% to R$6.5 billion due to increases across business segments. Guidance forecasts 47-57% growth in the total credit portfolio and 12-18% growth in expenses for 2008.
Hyundai Capital Services reported financial results for the third quarter of 2016. Total assets grew 2.6% year-to-date to 24.8 trillion won due to increases in mortgage and corporate lending. Net income increased 13.2% to 277.1 billion won compared to the same period last year. Overseas operations continued expanding, with equity income from foreign subsidiaries growing 60.8% year-over-year. Asset quality remained stable with delinquency ratios below 2.3% and allowance reserves covering over 110% of non-performing loans.
Santander and Banque PSA Finance enter into negotiations to finance Peugeot/C...BANCO SANTANDER
Santander and Banque PSA Finance are entering negotiations to provide car financing in 11 European countries. They expect to set up local partnerships where each will hold 50% to finance new Peugeot and Citroen vehicles. This would allow Santander to enter new markets like France and expand in countries like Germany, Spain, and the UK. The deal is pending final agreements and regulatory approvals, with completion expected in the second half of 2015. The agreement would strengthen Santander's position as a leading auto finance provider in Europe.
Banco Santander entregó los galardones de la 10º edición del Premio Jóvenes E...BANCO SANTANDER
Banco Santander Rio, a través de la División Global Santander Universidades, entregó 140.000 pesos en premios a cuatro proyectos presentados por alumnos de universidades argentinas.
Bajo el lema “Una buena idea te cambia la vida”, el banco celebró los 10 años del Premio Jóvenes Emprendedores, una iniciativa que busca fomentar la cultura emprendedora contribuyendo a la generación de riqueza en el país.
Acquisition of GE Capital Interbanca GroupBanca Ifis
Banca IFIS announces the acquisition of GE Capital Interbanca Group for €160 million. The acquisition includes Interbanca's lending, factoring, and leasing businesses. The acquisition is expected to create synergies by combining Banca IFIS's expertise in specialty finance with Interbanca's focus on SME lending. Cost synergies are expected to come from optimizing the operating model and rationalizing overhead costs. Revenue synergies will come from cross-selling products to each company's customer base and from increasing volumes. Integration costs of €17 million are estimated for 2016-2017 to integrate IT platforms and reengineer processes.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.'s financial highlights for Q3 2021. Revenue increased across all business segments, driven by higher sales volumes and improved prices. EBITDA was up significantly year-over-year for the Clean Energy Materials segment. Cash flow from operating activities more than tripled compared to the full year 2020. Overall, the company saw strong financial performance in Q3 2021 compared to the same period last year.
Banco Santander delivered an attributable profit of €1,867 million during the first quarter of 2017, +14% compared to Q1 2016. Excluding currency movements, profit before tax increased by 17% to €3,311 million.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
Santander delivered strong financial performance in 2016, with underlying profit before tax increasing 12% year-on-year in constant euros. Attributable profit grew 4% year-on-year. Loans increased 2% and funds grew 5% in constant euros. The CET1 ratio improved 50 basis points to 10.55%. Santander saw widespread growth across regions, particularly in developing markets like Mexico, Chile, and Argentina. Double-digit profit growth was driven by higher customer revenues and lower costs of credit.
The document provides financial results and highlights for Banca IFIS Group for 2016. Key points include:
- Net profit increased 324.7% to €687.9 million compared to 2015.
- Equity grew 112.5% to €1.218,8 billion at the end of 2016.
- Funding increased 14.4% to €7.037,7 billion, while loans grew 72.5% to €5.928,2 billion.
- The trade receivables segment saw a 9.9% increase in net banking income to €174.4 million.
- Non-performing loans in the trade receivables portfolio remained low at 1.0% of total
1. BBVA reported its first quarter 2015 results with income growth across all regions. Net attributable profit increased significantly both including and excluding Venezuela.
2. Risk indicators continued to improve with the NPL ratio down and coverage ratio up. Capital levels remained strong with fully-loaded leverage ratio of 6.2%.
3. Business activity increased in all regions including Spain where new loan production was more dynamic and the digital transformation plan is ongoing. Income grew in the US, Mexico and South America on strong operating performance.
Banco ABC - 3rd Quarter 2008 Results PresentationBanco ABC Brasil
This 3 sentence summary provides the key highlights from the 3Q08 Earnings Presentation:
The presentation discusses Banco ABC Brasil's 3Q08 financial results, noting that net income grew 11.5% over 2Q08 to R$48.4 million, the efficiency ratio was 35.8%, and the credit portfolio reached R$6,879.1 million, growing 5.9% over 2Q08. Return on equity was a strong 16.9% for the quarter.
The document provides LinkedIn's Q3 2012 results. Key metrics show continued growth in members, engagement, and website traffic. Revenue increased 48% year-over-year to $252 million, driven by growth in Talent Solutions and Marketing Solutions. Adjusted EBITDA was $65 million, representing a 26% margin. For Q4 2012, LinkedIn expects revenue of $270-275 million and adjusted EBITDA of $58-60 million.
BBVA reported strong results for 1Q19, with core revenue growth of 8.0%, operating income growth of 10.2%, and a resilient capital position. Net attributable profit was €1,164 million, down 7.7% from 1Q18 due to higher impairments. Sound risk indicators included a non-performing loan ratio of 3.94% and cost of risk of 1.06%. The CET1 fully-loaded capital ratio was 11.35%, absorbing the impact of IFRS16.
This document provides a summary of key performance indicators (KPIs) and financial results for a bank for the first half of 2017 compared to the same period in 2016. Some of the key points include:
- Net profit increased 165% to 103.7 million euros in the first half of 2017 compared to 39.1 million euros in the first half of 2016.
- Net banking income grew 65.7% to 250 million euros in the first half of 2017, up from 150.9 million euros in the first half of 2016.
- Loans to customers increased 2.6% to 6.084 billion euros as of June 30, 2017 compared to the end of 2016.
“Both the Interbanca integration and the results are positive, we look to the future with the intention to continue improving and growing.”
CEO Giovanni Bossi
Angel Ron: Banco Popular Third Quarter 2010 Results CrisisBanco Popular
Banco Popular, the organization headed by Angel Ron, presents the results obtained in the third quarter of 2010.
According to the results, Banco Popular expects to finish the year keeping the line in terms of results obtained in these months.
Banco Popular also points at that althought the crisis is not over, we will keep reinforcing our
provisions
BBVA reported results for the second quarter of 2019. Net attributable profit increased 5.7% compared to the second quarter of 2018, reaching €1,278 million. Gross income grew 4.2% in constant euros driven by a 10.4% increase in net interest income and 3% growth in net fees and commissions. Efficiency ratio improved 41 basis points to 49% as operating expenses grew below revenue. Sound risk performance continued with cost of risk at 0.91% and NPL ratio down 57 basis points. Capital position remained strong with a CET1 ratio of 11.52%.
- Record transactions closed in 2Q13 of R$5.4 billion and in 1H13 of R$9.7 billion, growth of 9% YoY for both periods.
- Net revenue of R$137.4 million in 2Q13, up 29% YoY. EBITDA of R$63.1 million in 2Q13, growth of 49% YoY.
- CrediPronto! originated R$530 million in mortgage loans in 2Q13, up 40% YoY, and increased its ending portfolio balance by 47% YoY.
The document summarizes Pine Bank's 2Q14 earnings release conference call. Key highlights include:
- Revenues were contributed by all business lines, with corporate credit representing 68.9% and FICC at 22.0%.
- The loan portfolio remained above R$10 billion with increased sector diversification among the top 20 clients.
- Non-performing loans remained low at 1.1% and the bank maintained high coverage ratios.
- Funding remains diversified among various sources including local capital markets, trade finance, and onlendings.
The document outlines Banca IFIS's strategic plan for 2017-2019. It discusses the bank's vision, past performance, and future goals. Key points include:
- Past performance showed strong growth from 2016 with loans up 72.5%, equity up 112.5%, and net profit up 324.7%.
- The strategic plan aims for continued growth across all business segments including trade receivables, corporate banking, and leasing.
- Goals for the next 3 years include increasing net profit at a CAGR of 40-45% and achieving an ROE over 15% and EPS over €4.5 by 2019.
- The bank will focus on diversifying funding sources, maintaining high
Banco ABC - 2nd Quarter 2008 Results PresentationBanco ABC Brasil
The 2Q08 earnings presentation highlighted strong growth and profitability for Banco ABC Brasil. Net income grew 14.2% quarter-over-quarter to R$43.4 million, with the efficiency ratio improving to 35.1%. The credit portfolio expanded 12.4% to R$6.5 billion due to increases across business segments. Guidance forecasts 47-57% growth in the total credit portfolio and 12-18% growth in expenses for 2008.
Hyundai Capital Services reported financial results for the third quarter of 2016. Total assets grew 2.6% year-to-date to 24.8 trillion won due to increases in mortgage and corporate lending. Net income increased 13.2% to 277.1 billion won compared to the same period last year. Overseas operations continued expanding, with equity income from foreign subsidiaries growing 60.8% year-over-year. Asset quality remained stable with delinquency ratios below 2.3% and allowance reserves covering over 110% of non-performing loans.
Santander and Banque PSA Finance enter into negotiations to finance Peugeot/C...BANCO SANTANDER
Santander and Banque PSA Finance are entering negotiations to provide car financing in 11 European countries. They expect to set up local partnerships where each will hold 50% to finance new Peugeot and Citroen vehicles. This would allow Santander to enter new markets like France and expand in countries like Germany, Spain, and the UK. The deal is pending final agreements and regulatory approvals, with completion expected in the second half of 2015. The agreement would strengthen Santander's position as a leading auto finance provider in Europe.
Banco Santander entregó los galardones de la 10º edición del Premio Jóvenes E...BANCO SANTANDER
Banco Santander Rio, a través de la División Global Santander Universidades, entregó 140.000 pesos en premios a cuatro proyectos presentados por alumnos de universidades argentinas.
Bajo el lema “Una buena idea te cambia la vida”, el banco celebró los 10 años del Premio Jóvenes Emprendedores, una iniciativa que busca fomentar la cultura emprendedora contribuyendo a la generación de riqueza en el país.
60 universitarios baleares recibirán una beca santander de prácticas remunera...BANCO SANTANDER
60 universitarios baleares recibirán una Beca Santander de prácticas remuneradas en Pymes de la región Banco Santander destinará 108.000 euros a estas becas para la Universitat de les Illes Balears en 2015. El plazo de inscripción para estudiantes y empresas finaliza el 31 de enero.
Fundación Universia y Relación con Accionistas Santander presentan la V Convo...BANCO SANTANDER
Este documento describe las becas Capacitas para estudiantes con discapacidad que son accionistas o familiares de accionistas de Banco Santander. Se ofrecen 3 becas de hasta 5,000 euros cada una para cubrir gastos universitarios y de asistencia. Los solicitantes deben tener una discapacidad del 33% o más y estar matriculados en una universidad española. La fecha límite para solicitar es el 15 de noviembre de 2011.
Santander recibe el distintivo Igualdad en la empresa 2010BANCO SANTANDER
El distintivo ‘Igualdad en la Empresa 2010’ es una marca de excelencia que reconoce a aquellas empresas comprometidas con la igualdad de género y que destacan por la aplicación de políticas de igualdad de trato y de oportunidades en las condiciones de trabajo, en los modelos de organización y en otros ámbitos como los servicios, productos y publicidad de la empresa.
Banco Santander ha sido reconocido con este distintivo por el Ministerio de Sanidad, Política Social e Igualdad, por su apuesta por la diversidad de género en toda su estructura y por un liderazgo compartido entre hombres y mujeres para generar un entorno enriquecedor para el talento y el negocio.
El V Encuentro YUZZ premia con un viaje a Silicon Valley a un marketplace de ...BANCO SANTANDER
Natalia Rodríguez y Denis Salamanca del centro YUZZ Universidad de Deusto han obtenido el primer premio del V Encuentro Nacional YUZZ, una iniciativa que se enmarca en el programa YUZZ, organizado por el Centro Internacional Santander Emprendimiento (CISE) y que cuenta con el respaldo de Banco Santander, a través de Santander Universidades.
Banco Santander promueve en China el español, la movilidad y la investigaciónBANCO SANTANDER
Emilio Botín, presidente de Banco Santander, ha firmado tres acuerdos de colaboración con las universidades de Tsinghua, Renmin y Fudan, que promueven la internacionalización de la formación y la investigación universitaria. Una línea de acción es la formación de los estudiantes con la creación de programas de
movilidad internacional que cada año beneficiarán a 95 alumnos: 50 de Tsinghua, 25 de Renmin y 20 de Fudan. Sus beneficiarios podrán realizar estancias en una de las universidades con las que el banco colabora a través de su División Global Santander Universidades.
Banco Santander Actividad y resultados 3T2012 BANCO SANTANDER
Este documento proporciona información sobre los resultados del Banco Santander en los primeros nueve meses de 2012. Destaca que el banco ha mantenido su capacidad de generar resultados de forma sostenida a pesar del esfuerzo realizado en saneamientos inmobiliarios en España. Además, resalta que el banco mantiene una sólida posición de capital y liquidez.
Santander se convierte en la primera marca financiera de LatinoaméricaBANCO SANTANDER
Banco Santander se ha convertido por primera vez en la marca financiera más valorada de Latinoamérica, según la clasificación que acaban de publicar conjuntamente la consultora Brand Finance y la revista The Banker. La entidad ha mejorado un 14% su valor de marca en la región en el último año, que pasa de 9.600 a 11.000 millones de dólares.
Convocado el I Premio Santander de Investigación sobre Responsabilidad Social...BANCO SANTANDER
Hoy se abre el plazo para participar en el I Premio Santander de Investigación sobre Responsabilidad Social Corporativa (RSC) y el I Premio Santander al Mejor Ensayo Corto en la misma materia, ambos con los "Derechos Humanos y Empresa" como tema principal.
Los accionistas de Banco Santander aprueban la ampliación de capital para la ...BANCO SANTANDER
La junta general extraordinaria de accionistas de Banco Santander ha aprobado hoy la propuesta del consejo de administración de ampliar el capital social para la adquisición de la totalidad de las acciones de Banco Santander Brasil que no son titularidad del Grupo Santander y que representan un 24,75% del capital. La operación, anunciada el 29 de abril, se pagará en acciones de Banco Santander, valorando las de Santander Brasil al precio de mercado del día anterior al anuncio de la oferta más una prima del 20%.
Banco Santander, empresa con mejor reputación corporativa en EspañaBANCO SANTANDER
Este documento presenta los resultados de Merco 2011, un monitor de reputación corporativa en España. Se resumen los principios metodológicos de Merco, que incluyen el rigor, la independencia, la pluralidad y la transparencia. Luego, se destacan los tres rankings principales de Merco 2011: las 100 empresas con mejor reputación, los 100 líderes más reputados, y las 50 empresas más responsables. Finalmente, se analizan algunos de los resultados clave de los rankings, incluyendo los cambios en las posiciones de las empresas y líderes.
Banco Santander entrega 98 becas a estudiantes de la Universidad Ramón LlullBANCO SANTANDER
El Banco Santander entregó 98 becas a estudiantes de la Universidad Ramon Llull para promover la movilidad internacional y las prácticas profesionales. Las becas incluyeron 15 becas de 3,000 euros cada una para estudiar en universidades iberoamericanas, 30 becas de 1,000 euros para la movilidad internacional, 1 beca de 5,000 euros para estudiar en el extranjero, y 52 becas de entre 900 y 1,800 euros para prácticas en pequeñas y medianas empresas. El acuerdo forma parte de la colaboración
Banco Santander se suma a la actividad de la Cátedra de Empresa Familiar UEMCBANCO SANTANDER
La docencia, el análisis y la investigación de la realidad y la problemática de la empresa familiar desde diversos puntos de vista centrarán la actividad de la Cátedra Santander de Empresa Familiar de la Universidad Europea Miguel de Cervantes (UEMC) de Valladolid, en virtud del convenio de colaboración firmado por la institución académica, Banco Santander, a través de su División Global Santander Universidades, y Empresa Familiar de Castilla y León.
Santander Bank, AnnualReport2011 Audit report and annual accounts 2011BANCO SANTANDER
The document is the consolidated financial statements and directors' report for Banco Santander, S.A. and its subsidiaries (Santander Group) for the year ended 31 December 2011. It includes the consolidated balance sheet, which shows the group's assets and liabilities as of 31 December 2011, 2010 and 2009. The balance sheet includes line items such as cash and balances with central banks, financial assets and liabilities at fair value, loans and receivables, financial liabilities at amortized cost, and equity.
1) Santander cautions that its presentation contains forward-looking statements that are subject to risks and uncertainties.
2) Santander's 2014 results showed strong profit growth of 39% driven by higher net interest income, fee income and lower provisions despite negative foreign exchange impacts.
3) Santander exceeded its 2014-2016 efficiency plan targets, achieving cost savings of €1,188 million in the first year through initiatives in Brazil, Spain, central services and other units.
This document provides important information for investors about Santander's offer to acquire minority interests in Santander Brasil. It cautions that materials related to the exchange tender offer contain forward-looking statements and risk factors. It directs investors to read SEC filings for the proposed transaction which contain additional important details. The information in this presentation must be read together with other public disclosures and no profit forecast should be construed from it.
- Banco Santander presented its earnings for January to September 2016. Key metrics included an underlying return on tangible equity of 11.2% and a non-performing loan ratio of 4.15%.
- Gross income increased 2.2% year-over-year on a currency-neutral basis, driven by growth in net interest income and fees. Underlying attributable profit rose 8.4% excluding one-off items.
- Operating expenses declined 1% excluding inflation and perimeter changes through active cost management. Loan-loss provisions were stable at €7.1 billion despite a challenging environment in some markets.
- Banco Santander presented its 1Q'16 earnings and provided an overview of performance by business area.
- For Spain, net interest income was up driven by lower cost of deposits and fee income grew, while costs were down and loan loss provisions decreased.
- The United Kingdom saw growth in lending to individuals and deposits, while costs decreased and asset quality improved.
- In Brazil, lending growth was supported by individuals and SMEs, while revenues grew and costs decreased despite higher inflation.
Santander cautions that its presentation contains forward-looking statements that are subject to risks and uncertainties. Key risks include general economic trends, financial market movements, competitive pressures, technological developments, and changes in customer creditworthiness. Santander's performance in the first half of 2015 saw growth in gross income, costs stable in real terms excluding acquisitions, lower provisions, and improved profitability and capital ratios. Loan and deposit volumes increased year-on-year across most countries. Credit quality continued to improve with declining NPL ratios.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
The document summarizes PINE's 2013 earnings release conference call. It provides an overview of key financial highlights and performance indicators for 2013, including an 18.7% increase in total funding to R$8.38 billion and a 24.9% increase in loan portfolio to R$9.93 billion. It also reviews business line contributions, product and revenue diversification, net interest margin, expenses, loan portfolio quality, the fixed income, currencies and commodities business, and PINE Investimentos. The document indicates that results were positive across all business lines due to a strategy of providing complete service to clients.
Mark Wilson, Group Chief Executive Officer, said:
“The turnaround at Aviva is intensifying. We have focused the business on ‘cash flow plus growth’ and the benefits are starting to be reflected in our performance. Cash flows to the Group are up 40%, operating expenses are down 7%, operating profit is up 6% and Value of New Business is up 13%. After a £2.9 billion loss after tax last year, Aviva has delivered a £2.2 billion profit.
“Following our exit from a number of low margin, underperforming or non-strategic businesses, Aviva is simpler, more focused and better managed. We have significantly improved our capital surplus, increased our liquidity and have a stronger leadership team.
“Although we have made progress in 2013, I want to guard against complacency. Aviva still has issues to address. Have we made progress? Yes, some. Is it a little faster than anticipated? Probably. Have we unlocked the full potential at Aviva? Not yet.”
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
- The document is an investor presentation for a company's third quarter 2016 financial results.
- It highlights improvements in adjusted EBITDA (+1,400%), earnings per share (+33%), gross profit margin (+210 bps), and total cash (+219%) compared to the third quarter of 2015.
- The presentation includes sections on financial highlights, operating metrics, and financial statements to summarize the company's performance and financial position.
Hyundai Capital Services presented its 3Q 2014 financial results, noting a decrease in profitability due to regulatory changes and competition. Operating revenues declined 4.7% year-over-year while expenses were maintained at a similar level. Asset quality improved with delinquency rates stabilizing due to reinforced risk management. Capital levels remained adequate and funding strategies were diversified through continued overseas bond issuances. While asset size was stagnant, strategies focused on increasing new car financing and intensive cost cutting to improve performance.
The document provides an earnings review and highlights for Itaú Unibanco for the first quarter of 2014. Key points include:
- Net income was R$4.4 billion, down 4.9% from the previous quarter but up 27.3% from the prior year period. Recurring net income was R$4.5 billion, down 3.2% from the previous quarter but up 29% from the prior year period.
- Non-interest expenses totaled R$9 billion, down 3.4% from the previous quarter due to cost control efforts despite the acquisition of Credicard.
- Loan loss provision expenses decreased 1.4% from the previous quarter and 13
PINE reported positive results in the second quarter of 2013, with contributions from all business lines. The loan portfolio grew to R$9 billion while maintaining diversification and quality. Net interest margin was within guidance despite pressure from declining interest rates. Expenses were well managed, leading to an efficiency ratio of 38.1%. FICC maintained its leading position in commodity derivatives while PINE Investimentos consolidated its franchise in capital markets activities. Funding remained diversified across sources as asset and liability management preserved a positive credit-to-funding gap. The capital adequacy ratio reached 17%.
The document is an investor presentation for a company's fourth quarter 2015 results. It includes a safe harbor statement noting forward-looking statements are subject to risks and uncertainties. It provides key metrics such as a 47% increase in cable/satellite homes reached, 50% year-over-year growth in mobile sales, and a 5% increase in average selling price. Adjusted EBITDA is used as a performance metric and reconciliation is provided excluding special items like restructuring costs. Financial summaries of income statements and balance sheets are also presented.
This document provides highlights from Itaú Unibanco Holding's 1st quarter 2013 earnings call. Key points include:
- Recurring net income increased 0.3% from the previous quarter to R$3.5 billion, with a recurring ROE of 19.1%.
- Managerial financial margin totaled R$11.5 billion, down from R$11.7 billion in 4Q12 and R$12.6 billion in 1Q12.
- Credit quality improved with the 90-day NPL ratio down 30 bps from 4Q12 and 60 bps from 1Q12, while allowance for loan losses decreased 14% from 4Q12.
1. LPS achieved record transactions of R$4.4 billion in 1Q13, up 9% from 1Q12, with net revenue of R$98.7 million, up 15% from 1Q12. EBITDA was R$30.9 million, up 24% from 1Q12.
2. CrediPronto! originated R$381 million in mortgages in 1Q13, up 18% from 1Q12, with its ending portfolio balance reaching R$3 billion, up 50% from 1Q12.
3. Net income before IFRS was R$19.2 million for controlling shareholders in 1Q13, up 40% from 1Q12
1. LPS achieved record transactions of R$4.4 billion in 1Q13, up 9% from 1Q12, with net revenue growing 15% to R$98.7 million and EBITDA increasing 24% to R$30.9 million.
2. CrediPronto's mortgage portfolio balance grew 50% compared to 1Q12, reaching R$2.986 billion.
3. Launches segment net income before IFRS was R$23.7 million, up 33% from 1Q12, while Pronto segment net income was R$0.663 million, an increase of 393% from 1Q12.
Mark Wilson, Group Chief Executive Officer, said:
“In the first half we have taken a number of steps to deliver our investment thesis of cash flow and growth. These results show satisfactory progress in Aviva’s turnaround.
“We have achieved profit after tax of £776 million, in contrast to the £624 million loss last year. Cash flows to the Group have increased by 30% to £573 million. Our key measure of sales – value of new business – has increased 17%, driven by the UK, France, Poland, Turkey and Asia.
“Although these results continue the positive trends of the first quarter, tackling our legacy issues will take time.
“I am committed to achieving for investors what we set out to do: turning around the company to unlock the considerable value in Aviva.”
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Banco Santander premiado con cinco galardones en los IR MAGAZINE AWARDS EUROP...BANCO SANTANDER
Banco Santander recibió cinco galardones en los IR MAGAZINE AWARDS EUROPE 2018, incluyendo el primer premio en las categorías de Mejor Relación con Inversores en una operación corporativa por la adquisición de Popular, Mejor evento de Relación con Inversores por su Investor Day, y Mejor utilización de las herramientas multimedia en la actividad de Relación con Inversores. También fue premiado en tercer lugar en las categorías de Mejor equipo de Relación con Inversores del sector financiero europeo y Mejor director de Relación con Inversores
1) The document is Santander Group's financial report for the first quarter of 2018, highlighting key performance data such as profits, capital ratios, and customer metrics.
2) Santander achieved double digit profit growth in Q1 2018 driven by strong results in Brazil, Spain, and Mexico, with profits, profitability, and capital all increasing compared to the same period last year.
3) Santander's strategy of focusing on customer loyalty saw increases in both loyal and digital customers compared to the previous year, with solid funding and liquidity positions.
Este documento presenta los resultados del primer trimestre de 2018 de Banco Santander. Resume que los resultados muestran un crecimiento del beneficio atribuido del 10% interanual impulsado por el aumento de clientes, la mejora de la excelencia operativa y la transformación digital. También destaca el crecimiento de los clientes vinculados y digitales, la mejora de la rentabilidad y la generación de capital, permitiendo aumentar el dividendo propuesto.
Este documento presenta los resultados financieros del Grupo Santander para el primer trimestre de 2018. Destaca un aumento del 10% en el beneficio ordinario atribuido respecto al mismo periodo del año anterior, impulsado por los buenos resultados en Brasil, España y México. También resalta el crecimiento del número de clientes vinculados y digitales gracias a la estrategia de transformación comercial. El ratio de capital CET1 fully loaded se sitúa en el 11%, cumpliendo holgadamente con los requerimientos regulatorios.
- Santander reported results for Q1 2018 with profits growing 10% year-over-year to EUR 2,054 million, driven by strong performance across most business areas.
- Key highlights included growth in loyal and digital customers, higher net interest income and fees, and lower provisions as asset quality continued to improve.
- Capital levels remained strong with a fully loaded CET1 ratio of 11.0%, positioning Santander well to meet 2018 targets.
Santander InnoVentures makes its first investment in Brazil via digital lendi...BANCO SANTANDER
Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an investment in the startup Creditas, the leading Brazilian secured lending platform. This is Santander InnoVentures’ first investment in Brazil and second in Latin America.
Fundación Repsol beca con el apoyo de Fundación Universia a trece universitar...BANCO SANTANDER
Trece estudiantes universitarios, ocho de grado y cinco de máster, han sido seleccionados en la IV Convocatoria de Becas Fundación Repsol destinadas a personas con discapacidad para la realización de estudios superiores en áreas técnicas. Fundación Universia ha colaborado un año más en el proceso de convocatoria y selección de los becados.
Santander recupera la gestión de los cajeros automáticos y de las tarjetas de...BANCO SANTANDER
Santander rehace las alianzas que Banco Popular mantenía con terceras entidades para recuperar la gestión de negocios estratégicos y facilitar la integración, con el foco puesto en la mejora de la experiencia del cliente. La entidad ha alcanzado un acuerdo con Euro Automatic Cash, sociedad propietaria de los cajeros de Popular, que permite a todos los clientes del Grupo Santander (Santander, Popular, Pastor y Openbank) utilizar gratuitamente una red total de 7.500 cajeros en España. Desde octubre, los clientes de Popular ya podían utilizar gratuitamente los cajeros propiedad de Santander, pero aún faltaba por cerrar el acuerdo con esta sociedad, necesario para que los clientes de Santander tuviesen también acceso, sin coste, a la red de cajeros de Popular.
Santander renueva la imagen de marca para reforzar su estrategia digitalBANCO SANTANDER
El Banco Santander ha renovado su imagen de marca para reflejar mejor su estrategia digital y valores corporativos. Mantienen la esencia de su logo pero lo modernizan con una tipografía única y estilizada, y un tono de rojo más brillante, además de aumentar el uso del blanco para transmitir mayor transparencia. La actualización permitirá la convivencia temporal de la marca actual y antigua mientras se implementa progresivamente en canales digitales, comunicación y publicidad, y luego en oficinas y otros activos físicos.
Santander InnoVentures invierte en Roostify, una startup que permite formaliz...BANCO SANTANDER
Santander InnoVentures, el fondo de capital emprendedor en tecnología financiera de Grupo Santander, ha anunciado hoy una inversión en Roostify, una empresa emergente con sede en San Francisco (California) que permite digitalizar todo el proceso para formalizar el contrato de una hipoteca, e incluso hacer las gestiones con el móvil. Roostify se fundó en 2014 para acelerar y simplificar la firma de las hipotecas y eliminar el uso de papel, además de reducir costes en el proceso.
Álvaro Antonio Cardoso de Souza to join Banco Santander's board of directorsBANCO SANTANDER
The board of directors of Banco Santander, in a meeting held yesterday in San Francisco (USA), called this year’s Ordinary Shareholders’ Meeting, which is expected to take place on second call on March 23rd. The agenda for the shareholders’ meeting includes the appointment of Álvaro Antonio Cardoso de Souza as an independent member of the board. He is currently non-executive chairman of the board of Santander Brasil.
Álvaro Antonio Cardoso de Souza se incorporará al consejo de administración d...BANCO SANTANDER
El consejo de administración de Banco Santander, reunido ayer en San Francisco (Estados Unidos), ha convocado la próxima Junta General Ordinaria de Accionistas, que previsiblemente se celebrará el 23 de marzo en segunda convocatoria. El orden del día de la Junta prevé el nombramiento como consejero independiente de Álvaro Antonio Cardoso de Souza, actual presidente no ejecutivo del consejo de administración de Santander Brasil.
Más de 20.000 personas en situación de vulnerabilidad reciben el apoyo de Ban...BANCO SANTANDER
Banco Santander ha destinado 400.000 euros en 2017 a través de su programa Santander Ayuda para apoyar 80 proyectos sociales que han mejorado la calidad de vida de más de 20.000 personas en situación de vulnerabilidad. Los proyectos apoyados incluyen la creación de un centro de emergencia para personas sin hogar en Tenerife y la adecuación de una casa de acogida para mujeres víctimas de explotación sexual en Madrid. El programa Santander Ayuda también ha facilitado proyectos de comida a domicilio para mayores y la ampliación de hu
O santander obtém um lucro atribuído de 6.619 milhões de euros em 2017, uma s...BANCO SANTANDER
O Banco Santander S.A. (‘Santander’) obteve um lucro atribuído de 6.619 milhões de euros em 2017, representando um aumento de 7% face ao ano anterior, após registrar um encargo líquido de mais-valias e saneamentos de 897 milhões. O crescimento dos resultados reflete a qualidade e recorrência das receitas, o bom controle de custos e as melhorias na qualidade de crédito.
O Santander registrou tendências positivas nos negócios, com aumentos das receitas em oito dos seus dez mercados principais. As receitas totais subiram 10%, para 48.392 milhões de euros, com crescimentos da margem de juros e das receitas por comissões de 10% e 14%, respectivamente. Os custos de exploração aumentaram a um ritmo menor do que as receitas, permitindo um incremento da margem líquida de 12%.
Santander attributable profit for 2017 reaches 6,619 million euros - up 7%BANCO SANTANDER
Banco Santander S.A. (‘Santander’) increased attributable profit by 7% to €6,619 million during 2017 after €897 million of net capital gains and provisions, with growth driven by further improvements in the quality and recurrence of revenues combined with good cost control and an overall strengthening in credit quality. The Group continued to see positive trends across its businesses, with revenues increasing in eight of its ten core markets. Total income increased by 10% to €48.4 billion with net interest income and fee income increasing by 10% and 14% respectively. Operating expenses increased at a lower rate than revenues, leading to a 12% increase in net operating income.
Resultados 2017 Santander obtiene un beneficio atribuido de 6.619 millones de...BANCO SANTANDER
Banco Santander S.A. (‘Santander’) obtuvo un beneficio atribuido de 6.619 millones de euros en 2017, lo que supone un aumento del 7% respecto al año pasado, tras registrar un cargo neto de plusvalías y saneamientos de 897 millones. El crecimiento de los resultados refleja la calidad y recurrencia de los ingresos, el buen control de costes y las mejoras en la calidad crediticia. Santander registró tendencias positivas en los negocios, con incrementos de los ingresos en ocho de sus diez mercados principales. Los ingresos totales subieron un 10%, 48.392 millones de euros, con crecimientos del margen de intereses y de los ingresos por comisiones del 10% y del 14%, respectivamente. Los costes de explotación aumentaron a un ritmo menor que los ingresos, lo que permitió un incremento del margen neto del 12%.
Santander lanza la primera gama de fondos de inversión sostenibles en EspañaBANCO SANTANDER
Banco Santander incorpora a su oferta de productos de inversión colectiva una gama nueva de fondos para responder a la demanda creciente de inversión responsable y sostenible. El banco lanza esta semana dos nuevos fondos mixtos, bajo la gama Santander Sostenible, e inicia así un camino para convertirse en una referencia en España en este ámbito.
Banco Santander, líder mundial en el Bloomberg Gender Equality IndexBANCO SANTANDER
Banco Santander se mantiene como líder mundial en el Bloomberg Gender Equality Index por segundo año consecutivo, obteniendo una puntuación de 93,4 sobre 100. El índice valora las políticas e iniciativas de las empresas para fomentar la diversidad de género entre empleados, clientes y la sociedad. Banco Santander aumentó el número de mujeres en puestos directivos un 9% en 2016 y promueve programas de microcréditos que apoyan a más de 250.000 microemprendedores, el 70% mujeres, en Latinoamérica.
El programa Explorer impulsará las ideas de más de 1.200 jóvenes emprendedore...BANCO SANTANDER
El programa Explorer, impulsado por Banco Santander a través de Santander Universidades y coordinado por el CISE, seleccionó más de 1.200 proyectos emprendedores de entre las más de 2.900 candidaturas recibidas. Los emprendedores seleccionados recibirán formación, apoyo y mentoring durante cinco meses para desarrollar más de 900 ideas innovadoras en sectores como medioambiente, salud, educación, turismo o industria. Al final del programa, 52 emprendedores viajarán a Silicon Valley y los tres mejores proyectos rec
Santander y su filial Bank Zachodni WBK adquieren el negocio de banca minoris...BANCO SANTANDER
Banco Santander S.A. (“Santander”) y su filial en Polonia, Bank Zachodni WBK (“BZ WBK”), han anunciado hoy que han acordado la compra del negocio minorista y de banca privada de Deutsche Bank Polska, S.A. (excluyendo su cartera de hipotecas en divisa extranjera e incluyendo las acciones de DB Securities, S.A. (Poland)) por un importe total estimado de 305 millones de euros.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. 22
Important information
Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking
statements are found in various places throughout this presentation and include, without limitation, statements concerning our future
business development and economic performance. While these forward-looking statements represent our judgment and future
expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual
developments and results to differ materially from our expectations. These factors include, but are not limited to: (1) general market, macro-
economic, governmental and regulatory trends; (2) movements in local and international securities markets, currency exchange rates and
interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or credit worthiness of
our customers, obligors and counterparties. The risk factors that we have indicated in our past and future filings and reports, including those
with the Securities and Exchange Commission of the United States of America (the “SEC”) could adversely affect our business and
financial performance. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-
looking statements.
Forward-looking statements speak only as of the date on which they are made and are based on the knowledge, information available and
views taken on the date on which they are made; such knowledge, information and views may change at any time. Santander does not
undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information,
including, where relevant any fuller disclosure document published by Santander. Any person at any time acquiring securities must do so
only on the basis of such person's own judgment as to the merits or the suitability of the securities for its purpose and only on such
information as is contained in such public information having taken all such professional or other advice as it considers necessary or
appropriate in the circumstances and not in reliance on the information contained in the presentation. In making this presentation available,
Santander gives no advice and makes no recommendation to buy, sell or otherwise deal in shares in Santander or in any other securities or
investments whatsoever.
Neither this presentation nor any of the information contained therein constitutes an offer to sell or the solicitation of an offer to buy any
securities. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933,
as amended, or an exemption therefrom. Nothing contained in this presentation is intended to constitute an invitation or inducement to
engage in investment activity for the purposes of the prohibition on financial promotion in the U.K. Financial Services and Markets Act
2000.
Note: Statements as to historical performance or financial accretion are not intended to mean that future performance, share price or future
earnings (including earnings per share) for any period will necessarily match or exceed those of any prior year. Nothing in this presentation
should be construed as a profit forecast.
The businesses included in each of our geographic segments and the accounting principles under which their results are presented here
may differ from the included businesses and local applicable accounting principles of our public subsidiaries in such geographies.
Accordingly, the results of operations and trends shown for our geographic segments my differ materially from those of such subsidiaries.
3. 33
Agenda
■ Group performance 1Q14
— Highlights
— Results
■ Performance by business area 1Q14
■ Conclusions
■ Appendix
4. 44
1Q14 Highlights
INCOME STATEMENT
Sharp increase in
ATTRIBUTABLE PROFIT
EUR 1,303 mill.
(+8% / 1Q13 and +23% / 4Q13)
Higher gross income, and lower costs
and provisions over 4Q13
NII + fee income (+1%)
costs (-4%) and provisions (-3%)
Solid CAPITAL and LIQUIDITY ratios
Improved VOLUMES trend
growing over December 2013
CET1: 10.6% (-0.3 p.p. / 1-Jan-14)
LTD: 112% and LCR > 100%
Loans: +1% Deposits: +2%
Mutual funds: +7%
BALANCE SHEET
CREDIT QUALITY: NPLs stabilising
with lower cost of credit
NPL ratio: 5.52% (5.61% in Dec’13)
5. 55
Sharp attributable profit increase over previous quarters
1Q'13 2Q 3Q 4Q 1Q'14
1,205
1,050 1,055 1,060
1,303
EUR million
Attributable profit
+8.1%
+22.9%
Excluding fx impact,
profit rose 26%
over the fourth quarter
and year-on-year
6. 66
GROSS INCOME upturn in 1Q14
mainly backed by net interest income and fee income
Gross income - Group Net interest income and fee income - Group
2,265 2,284
2,215
2,279
2,331
9,712 9,923 9,938 9,779
10,124
1Q'13 2Q 3Q 4Q 1Q'14
10,722 10,847
10,333 10,029 10,124
Constant EUR million
EUR million Constant EUR million
6,474
6,656 6,673 6,754
6,992
1Q'13 2Q 3Q 4Q 1Q'14
Fee income
Net interest income
+2%
QoQ
+3%
YoY
+4%
QoQ
+8%
YoY
7. 77
EUR million Constant EUR million
The Group's OPERATING EXPENSES reflected integration synergies and
the first results of productivity and efficiency plans
(1) Average year-on-year inflation for the quarter (Source: Thomson Datastream)
Costs Average Costs
(nominal) inflation1 (real terms)
Spain -6.2 0.0 -6.2
Portugal -1.7 -0.1 -1.6
Poland -5.3 0.6 -5.9
Brazil 2.4 5.8 -3.4
SCF (excl. FECI) 0.5 0.7 -0.2
UK 2.5 1.8 0.7
Mexico 11.4 4.2 7.2
Chile 5.1 3.2 1.9
USA 11.2 1.4 9.8
1Q'13 2Q 3Q 4Q 1Q'14
5,068 5,088 4,943 5,060
4,847
4,685 4,720 4,775 4,936 4,847
Group operating expenses 1Q14 / 1Q13 change by principal unit
% in constant euros
8. 88
Sustained improvement in reduction of COST OF CREDIT
a consequence of a generalised reduction in provisions
Cost of credit (%)
2,813
3,100
2,920
2,717 2,695
Loan-loss provisions
2.45
2.14
1.89
1.69 1.65
1Q'13 2Q 3Q 4Q 1Q'141Q'13 2Q 3Q 4Q 1Q'14
3,142
3,399
3,025
2,774 2,695
EUR million Constant EUR million
Note: Cost of credit = 12 month loan-loss provisions / average lending, calculated in current euros
9. 99
(*) In constant euros
Grupo Santander Results
In short, higher profit in the quarter due to increased commercial revenues,
reduced costs and lower cost of credit
Note: Capital gains in 2014 from SCUSA (EUR 730 mill. net) and Altamira (EUR 385 mill. net) had no impact on profit, as a fund was
established, pending allocation.
EUR million
1Q14 Var. / 1Q13 Var. / 4Q13
% %* % %*
NII + fee income 9,323 -3.8 6.7 0.5 3.2
Gross income 10,124 -5.6 4.2 0.9 3.5
Operating expenses -4,847 -4.4 3.5 -4.2 -1.8
Net operating income 5,277 -6.7 5.0 6.2 9.0
Loan-loss provisions -2,695 -14.2 -4.2 -2.9 -0.8
PBT 2,149 0.4 15.7 17.5 21.0
Attributable profit 1,303 8.1 26.0 22.9 26.3
11. 1111
In funds, focusing on profitability: to reduce expensive deposits and
increase marketed mutual funds
Constant EUR billion
Spain
Portugal
Poland
UK
Brazil
Mexico
Chile
USA
+3%
-2%
+1%
+1%
+2%
+2%
+4%
+1%
(1) Excluding repos
Mar'13 Dec'13 Mar'14
629 609 620
97 106 112
726 715 732
Deposits + Mutual funds
+2%
+1%
Principal units
1Q14 / 4Q13 % change in constant euros1
Deposits Marketed mutual funds
12. 1212
Grupo Santander credit quality
(1) Including reclassification of substandard transactions in Spain
74
70 67 65 66
M'13 J'13 S'13 D'13 M'14
4.75
5.15 5.40 5.61 5.52
M'13 J'13 S'13 D'13 M'14
(1)
NPL ratio (%) Coverage ratio (%)
NPL ratio stabilising in 1Q14
Lower NPL entries in 1Q14 than
in every quarter of 2013
Higher coverage ratio in 1Q14
13. 1313
NPL ratio by unit (%)
Net loans to customers
UK
Brazil
Spain
USA
Managing different environments
3.01 2.96 3.04 3.09 2.88
M'13 J'13 S'13 D'13 M'14
2.03 2.01 1.98 1.98
1.88
M'13 J'13 S'13 D'13 M'14
6.90
6.49
6.12
5.64 5.74
M'13 J'13 S'13 D'13 M'14
4.12
5.75
6.40
7.49 7.61
M'13 J'13 S'13 D'13 M'14
(1)
Spain
23%
Portugal 3%
Poland 2%
Germany 4%
Run-off real
estate 1%
Other Europe
5%
UK
34%
USA
9%
Brazil 10%
Mexico 3%
Chile 4%
Other LatAm
2%
(1) Including reclassification of substandard transactions in Spain
14. 1414
01-Jan-14 Mar'14
10.9% 10.6%
11.0% 10.8%
12.2% 12.1%
High solvency ratios and low leverage ratio
Capital ratios
Leverage ratio LCR
Main changes in 1Q14
Organic capital generation
AT1 issuance
Impact from SCUSA global
consolidation
Capital optimisation in Brazil
March 14: 4.6%, the same as
Jan. 1, 2014 on a like-for-like basis
Above 100% in the Group and
principal units …
…vs. the required 60% by Jan. 1, 2015
CET1
Capital
Ratio
Tier1
15. 1515
■ Group performance 1Q14
— Highlights
— Results
■ Performance by business area 1Q14
■ Conclusions
■ Appendix
Agenda
16. 1616
Percentage over operating areas attributable profit, excluding Spain's run-off real estate
Business areas
High diversification by country in profit generation
Attributable profit by country in 1Q14
Poland, 6%
Brazil, 20%
Mexico, 7%
Chile, 7%
Other LatAm,
4%
USA, 9%
UK, 20%
Other
Europe, 6%
Germany, 5%
Spain, 14%
Portugal, 2%
17. 1717
Activity
Spain
Sharp profit upturn underscored by all P&L items
Improved commercial revenues due to lower cost of deposits and end of mortgage repricing
Costs reflect integration process (-6% / 1Q13)
Provisions continue to normalise
Var. Mar'14 / Mar'13
Volumes1 Cost of new time deposits
EUR million
P&L
(1) Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
Loans Funds
-7%
+2%
2.04%
1.54%
1.41% 1.36%
0.91%
1Q'13 2Q 3Q 4Q 1Q'14
1Q14 %1Q13 %4Q13
NII + Fee income 1,602 2.9 5.1
Gross income 1,792 -0.3 9.7
Operating expenses -894 -6.2 -0.9
Net op. income 898 6.4 22.7
LLPs -507 -1.6 -11.8
Attributable profit 251 24.0 155.4
+0.3%
/ 4Q13
+3%
/ 4Q13
18. 1818
EUR billion
Gross loans
Spain
Deposits
Lending (excl. repos): +EUR 442 mill. in 1Q14
Rise in new loans (1Q14/1Q13):
+67% mortgages; +27% companies*
Santander Advance (SMEs): targeting increase
of client base and new lending (+24% / 2013)
Focusing on profitability improvement
- outflow of expensive deposits
- sharp increase of mutual funds
Increased mutual funds market share
(+205 b.p. in 12 months )
EUR billion
(*) Credits and loans excluding commercial discount
Mar'13 Dec'13 Mar'14
18 13 14
10 7 4
88 83 83
13
13 13
52
50 50
181
166 164
Mar'14
91
88
42
185TOTAL
LTD Spain:
85%
TOTAL
Public sector
Companies
Other loans to
individuals
Household
mortgages
Repos
Demand deposits
Time deposits
Retail commercial paper
Repos
19. 1919Spain. NPL ratio and entries
In 2014, the NPL ratio grew at a slower pace due
to reduced NPL entries
Coverage ratio remained unchanged
4.12
5.75
6.40
7.49 7.61
Mar'13 Jun'13 Sep'13 Dec'13 Mar'14
(2)
50
43 45 44 45
Coverage
ratio
NPL ratio
NPL entries1 > 90 daysNPL and coverage ratios (%)
(1) Gross NPL entries by date (before recoveries). Provisional
(2) Including reclassification of substandard transactions
100
123 142
170 179 193
155
100 102
74 83 78 71
51
100 97
53 44 42 35 26
2008 2009 2010 2011 2012 2013 1Q14
Mortgages to individuals
Individuals Cards + Consumer loans
Base 100: 2008
Companies w/o real estate purpose
20. 2020
2.51%
2.27%
1.84%
1.70% 1.72%
1Q'13 2Q 3Q 4Q 1Q'14
Activity
Portugal
Profit recovery accelerated (+68% /1Q13)
Gross income stabilising with focus on deposits' costs and fee income
Maintaining strict cost control and lower cost of credit
First debt issuance since April 2010 (covered bond: EUR 1.0 bn.)
Var. Mar'14 / Mar'13
Volumes1 Cost of new term deposits
EUR million
P&L
(1) Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
1Q14 %1Q13 %4Q13
NII + Fee income 202 0.0 1.9
Gross income 228 -1.3 2.1
Operating expenses -122 -1.7 -3.5
Net op. income 106 -0.8 9.3
LLPs -34 -46.4 217.2
Attributable profit 36 67.9 -4.0
Loans Funds
-4%
-6%
-1%
/ 4Q13
-2%
/ 4Q13
21. 2121
Activity
Poland
Constant EUR million
P&L
Var. Mar'14 / Mar'13
Volumes1 Stock deposit cost
3.07%
2.51%
1.81%
1.69% 1.69%
1Q'13 2Q 3Q 4Q 1Q'14
(1) Local currency. Loans excluding repos. Funds: deposits excluding repos + mutual funds
Increased productivity and commercial activity (launching of Next Generation Bank)
Strong profit growth backed by net operating income
Higher gross income due to lower cost of funding and larger volumes in a better environment
Operating expenses reflect integration process. Stable provisions and cost of credit
1Q14 %1Q13 %4Q13
NII + Fee income 317 14.9 2.4
Gross income 334 6.9 3.4
Operating expenses -147 -5.3 -7.6
Net op. income 188 18.8 14.0
LLPs -43 3.3 10.1
Attributable profit 85 21.5 17.2
Loans Funds
+2%
+5%
+3%
/ 4Q13
+1%
/ 4Q13
22. 2222
Activity
Santander Consumer Finance – Continental Europe
Market share gain in a recovering market (car sales: +7%; SAN new loans: +13%)
Business with high recurring P&L and profitability
Organic and inorganic growth potential: negotiations with PSA Finance Banque (PSA Peugeot-
Citröen Group) expected to be completed in 2015
EUR million
P&L
1Q'13 2Q 3Q 4Q 1Q'14
2.4%
2.6% 2.6% 2.7% 2.6%
NII – Provisions / ATAs
Prov.
NII
Volumes
Note: Not including Santander Consumer UK profit, as it is recorded in Santander UK results. If included,
1Q14 attributable profit: EUR 252 mill. (+22% y-o-y)
3.38% 3.41% 3.48% 3.31% 3.33%
0.99% 0.77% 0.93% 0.61% 0.74%
Var. 1Q14 / 1Q13
1Q14 %1Q13 %4Q13
NII + Fee income 800 2.7 5.0
Gross income 800 3.0 5.4
Operating expenses -366 4.1 3.4
Net op. income 434 2.1 7.1
LLPs -130 -24.3 23.6
Attributable profit 219 24.1 4.8Gross loans New loans
+2%
+13%
23. 2323Spain run-off real estate
Total real estate exposure dropped 14% in the last 12 months
Coverage ratios remained above 50%
1Q14 attributable profit: -EUR 146 mill. (-EUR 175 mill. in 1Q13)
Mar'13 Jun'13 Sep'13 Dec'13 Mar'14
6.8 6.5 6.2 5.7 5.2
3.7 3.6 3.7
3.6
3.6
11.9
11.6 11.4 10.8
10.3
EUR billion
Loans Foreclosures
51%
55%
Total balance sheet Coverage ratio
Net foreclosures
Net loans
Equity stakes
Buildings:
43%
Land:
63%
24. 2424United Kingdom
Significant transformation of the retail and commercial banking franchise, reflected in the results
Good revenue performance, with spread management underpinned by a reduced cost of deposits
Management of costs, to accommodate investment to the business growth
Provisions reflect good management of credit quality and an improved economic environment
Loans Funds
-3%
-5%
Var. Mar'14 / Mar'13
Volumes1 Banking NIM2
Sterling million
1.45% 1.46%
1.59%
1.71%
1.79%
1Q'13 2Q 3Q 4Q 1Q'14
Activity P&L
(1) Volumes in local currency. Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
(2) In local criteria
1Q14 %1Q13 %4Q13
NII + Fee income 1,023 14.3 0.9
Gross income 1,100 13.0 0.0
Operating expenses -574 2.5 5.0
Net op. income 526 27.3 -4.9
LLPs -99 -27.2 -18.2
Attributable profit 311 63.1 3.5
+0.2%
/ 4Q13
+1%
/ 4Q13
25. 2525United Kingdom
Boosting retail customers …
Mar'12 Mar'13 Mar'14
12.6
18.7
31.7
1│2│3
+70%
Mar'12 Mar'13 Mar'14
0.4
1.7
2.7
… and corporates
Mar'12 Mar'13 Mar'14
9%
11%
12%
Mar'12 Mar'13 Mar'14
18.3
20.4
22.9
+12%
Number 1 in attracting c/a ‘switcher’ customers
(since regulation1 change in Sep'13)
89% primary banking customers with
1|2|3 c/a
Improved business diversification: double-digit
growth in loans and deposits
Building our service to SMEs: more regional
centres and more relationship managers
+11%
+48%
(1) New system to expedite the change of current accounts between entities. Current Account Switcher Service (‘CASS’)
Launch
C/A
£ billion
Current accounts
Million
1|2|3 World Customers Corporate loans / Total loansCorporate loans
£ billion
26. 2626
Activity
United States
Loans Funds
-1%
-3%
Var. Mar'14 / Mar'13
Gross loans New loans
+36%
+157%
Santander Bank1 SCUSA
Var. Mar'14 / Mar'13
(1) Local currency. Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds. Including Puerto Rico
P&L
US$ million
+6%
/ 4Q13
In volumes, sharp SCUSA growth and change of trend in Santander Bank
Gross income backed by volumes. Pressure on spreads due to competition and change of mix
Costs impacted by Santander Bank's commercial expansion, SCUSA's growth and regulation
Higher provisions due to increased new lending and loan retention in SCUSA (coverage ratio: 279%)
+2%
/ 4Q13
+1%
/ 4Q13
1Q14 %1Q13 %4Q13
NII + Fee income 1,728 16.1 4.3
Gross income 1,789 16.3 4.0
Operating expenses -652 11.2 -3.5
Net op. income 1,137 19.4 8.8
LLPs -749 122.0 13.9
Attributable profit 216 -35.0 4.9
+29%
/ 4Q13
27. 2727
Loans Funds
+6%
+15%
P&L
Brazil
Var. Mar'14 / Mar'13
Volumes1
Constant EUR million
Activity
1Q'13 2Q 3Q 4Q 1Q'14
3.5% 3.5% 3.5% 3.7% 3.8%
NII – Provisions / ATAs
(1) Local currency. Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
Prov.
NII 7.29% 7.10% 6.56% 6.59% 6.48%
3.83% 3.59% 3.11% 2.88% 2.67%
Volumes reflect economic slowdown
More stable commercial revenues due to spreads falling at a slower pace
Operating expenses well below inflation (efficiency plan)
Further reduction in provisions and cost of credit
Higher profit in the first quarter than in the three previous ones
-1%
/ 4Q13
+2%
/ 4Q13
1Q14 %1Q13 %4Q13
NII + Fee income 2,828 -2.4 -1.0
Gross income 2,851 -7.3 -3.0
Operating expenses -1,133 2.4 -11.2
Net op. income 1,719 -12.8 3.3
LLPs -905 -24.4 -5.4
Attributable profit 364 -10.4 23.9
28. 2828
1Q'12 2Q 3Q 4Q 1Q'13 2Q 3Q 4Q 1Q'14
2,412
2,559 2,487 2,378 2,279 2,255 2,139 2,189 2,199
12.0 12.3 11.8
11.2 11.1
10.5
9.9 9.8 9.9
Brazil
NII and loan spreads
Net interest income trend improved due to
spread stabilisation and less impact from
change of mix
1Mortgages Other
individuals
SMEs /
Companies
Large
companies
Total
+31%
0% -9%
+17%
+6%
(1) Rest = Consumer, payrolls, auto, cards, cheque and personal loans
Lending portfolio
Var. Mar’14 / Mar’13
1Q'13 2Q 3Q 4Q 1Q'14
1,197
1,141
1,014
956
905
7.5%
7.1% 6.7% 6.3%
5.8%
Constant EUR million
Reduction in cost of credit continued, with
NPL ratio closing the gap with competitors
LLPs and cost of credit
NPL ratio (%)
Constant EUR million
Net interest income Loan spreads
Credit qualityNet Interest Income
Net loan-loss provisions Cost of credit
6.90
6.49
6.12
5.64 5.74
M'13 J'13 S'13 D'13 M'14
29. 2929Mexico
Dynamic in key segments with market share gain (SMEs, mortgages and demand deposits)
Net interest income rose 7% y-o-y. In 1Q14 impact from seasonality
Operating expenses increased due to expansion plan (branches: +7% y-o-y)
Provisions dropped for the second quarter running
Attributable profit impacted by higher tax rate (moving towards a normalised rate of 28%)
Loans Funds
+15%
+7%
Var. Mar'14 / Mar'13
Volumes1
Constant EUR million
Activity P&L
(1) Local currency. Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
+3%
/ 4Q13
+2%
/ 4Q13
1Q14 %1Q13 %4Q13
NII + Fee income 699 4.7 -0.4
Gross income 713 0.5 3.3
Operating expenses -307 11.4 0.0
Net op. income 407 -6.4 5.9
LLPs -179 36.6 -15.7
PBT 226 -30.8 34.0
Attributable profit 138 -37.9 -6.0
1Q'13 2Q 3Q 4Q 1Q'14
3.0%
2.5%
2.3%
2.6% 2.7%
NII – Provisions / ATAs
Prov.
NII 4.08% 3.85% 4.37% 4.42% 4.10%
1.12% 1.31% 2.09% 1.81% 1.44%
30. 3030Chile
Double-digit growth in loans (SMEs, companies and affluent clients) and better deposit mix (demand: +13%)
Higher gross income due to larger volumes, higher inflation and lower cost of funding
Provisions and cost of credit continue to improve
Excellent performance of all P&L items, a relatively high profit due to inflation
Loans Funds
+12% +12%
Var. Mar'14 / Mar'13
Volumes1
(1) Local currency. Loans excluding repos. Funds: deposits excluding repos + marketed mutual funds
Constant EUR million
Activity P&L
+2%
/ 4Q13
+4%
/ 4Q13
1Q14 %1Q13 %4Q13
NII + Fee income 489 15.8 1.5
Gross income 533 17.2 1.7
Operating expenses -201 5.1 -1.0
Net op. income 332 26.0 3.4
LLPs -116 -9.1 -11.8
Attributable profit 123 43.7 12.2
1Q'13 2Q 3Q 4Q 1Q'14
2.5% 2.5%
2.9% 2.9% 3.0%
NII – Provisions / ATAs
Prov.
NII 3.94% 3.86% 4.39% 4.38% 4.26%
1.49% 1.40% 1.52% 1.44% 1.21%
31. 3131Other Latin American countries
Focus on linkage, transactional business and target segments
Volumes growing at double-digit rates in all units
P&L underpinned by net interest income and fee income
Argentina
Constant EUR million
Attributable profit
Uruguay Peru
1Q'13 2Q 3Q 4Q 1Q'14
55 53
62 62 56
1Q'13 2Q 3Q 4Q 1Q'14
4 4 4 5 5
1Q'13 2Q 3Q 4Q 1Q'14
12 12 14
11
13
32. 3232
P&L
Corporate Activities
1Q14 4Q13 1Q13
Gross income -224 -314 -322
Operating expenses -191 -167 -177
Provisions, tax and
minority interests 11 97 -44
Attributable profit -405 -384 -543
EUR million
Profit in line with previous quarters
Improved gross income due to lower issuance costs and slightly higher trading gains
Provisions: differences due to temporary lags between Group / units accounting
33. 3333
■ Group performance 1Q14
— Highlights
— P&L
■ Performance by business area 1Q14
■ Conclusions
■ Appendix
Agenda
34. 3434
Improved operating profit in the Group and in the principal units
COMMERCIAL REVENUES
growth / stabilisation
in all the Group units
OPERATING EXPENSES
reflecting the first savings in line
with our commitments
LOAN-LOSS PROVISIONS
with most units on a downward trend
OPERATING PROFIT - GROUP
(Net op. income after provisions)
Year-on-year change in constant euros
Current
euros
2012 / 2011 2013 / 2012 1Q'14 / 1Q'13
-18.2%
-9.5%
+16.6%
-18.1% -16.2% +2.7%
First quarter summary
Commercial revenues: net interest income + fee income
35. 3535
Spain and
Portugal
Higher profit due to improved spreads and selective growth
Spreads stabilising in an environment of lower volume growth
Costs under control and lower cost of credit
UK
Brazil
Organic and inorganic business growth in a better economic environmentSCF
Undergoing a sharp upturn in profit and profitability
Upturn of gross income and reduction of costs and provisions is confirmed
36. 3636
Santander Bank: investing in the franchise to return to growth
SCUSA: strong expansion and improved profitability after normalising provisions
Undergoing a sharp upturn in profit and profitability
Mexico
Chile
Franchise development and a more favourable environment will be reflected
in volumes, revenues and profit
Profit underscored by the good business dynamics, higher inflation and
lower cost of credit
Poland Profit backed by higher productivity and improved economic environment
USA
37. 3737
■ Group performance 1Q14
— Highlights
— P&L
■ Performance by business area 1Q14
■ Conclusions
■ Appendix
Agenda
40. 4040Highlights of the Group balance sheet
Assets Liabilities
695
99
101
203
57
620
76
3867
83
173 126
1,169 1,169
Miles de millones de euros
Lending: 59% of balance sheet
Derivatives (with counterparty on the
liabilities side): 6% of balance sheet
Cash, central banks and credit
institutions: 15%
Other (goodwill, fixed assets, accruals):
9%
Available for sale portfolio (AFS): 6%
Trading portfolio: 5%
1
3
2
4
5
6
Other*
1
6
5
4
3
2
Balance sheet at March 2014
(*) Other assets: Goodwill EUR 26 bn., tangible and intangible assets EUR 19 bn., other capital instruments
at fair value EUR 1 bn., accruals and other accounts EUR 55 bn.
Retail balance sheet, appropriate for a low risk business model,
liquid and well capitalised
Net loans to
customers
Derivatives
Cash and credit
institutions
AFS portfolio
Trading portfolio
Deposits
Issues and
subordinated
liabilities
Credit
institutions
Other
Derivatives
Shareholders’ equity
& fixed liabilities
42. 4242
Well-funded balance sheet with high structural liquidity surplus
Liquidity and funding
March 2014. EUR billion
Santander Group liquidity balance sheet
Net loans to
customers
Deposits
M/L term funding
Financial
assets
Equity (82) and
other (25)
ST funding
Securitisations
Fixed assets
& other
Structural liquidity1 surplus:
EUR 153 billion (16% net liabilities)
Commercial Gap: EUR 74.5 bn.
(-EUR 2.4 bn. / Dec’13)
Note: Liquidity balance sheet for management purposes (net of trading derivatives and interbank balances). Provisional
(1) Financial assets – short term wholesale funding markets
Assets Liabilities
171
19
73
107
695
133
60
620
43. 4343
Adequate liquidity structure of stand-alone units
Liquidity and funding
March 2014
Main units and liquidity ratios
LTD ratio Deposits + M/L term funding /
(net loans / deposits) net loans
Spain 85% 160%
Portugal 103% 106%
Santander Consumer Finance 188% 73%
Poland 89% 115%
UK 120% 112%
Brazil 104% 126%
Mexico 87% 120%
Chile 137% 95%
Argentina 85% 120%
USA* 149% 98%
Total Group 112% 117%
(*) Including Santander Bank, Puerto Rico and SCUSA (the latter by global integration in 2014; in 2013 by the equity
accounted method).
44. 4444
Higher recourse to wholesale funding at the start of the year,
backed by improved markets conditions
Liquidity and funding
March 2014
Sterling
area,
30%
Euro
area,
44%
US$
area,
26%
Total
Diversified issuances 1Q’2014Issuance (EUR bn.)
M/L term issuance
Securitisations1
1Q13 1Q14
3 3
9
11
12
14
(1) Placed in the market and including structured finance
(2) Excluding EUR 2 bn. of covered bonds and senior debt issued in March but with settlement in April.
Note: 2013 data on a like-for-like basis
2
46. 4646Retail Banking
Activity
EUR million
P&L
EUR billion
EUR million
1Q13 2Q 3Q 4Q 1Q14
9,279 9,414 8,847 8,803 8,707
Gross income
Net loans Deposits 1Q14 %1Q13 %4Q13
NII + Fee income 8,681 -3.7 0.0
Gross income 8,707 -6.2 -1.1
Operating expenses -4,022 -5.7 -5.8
Net op. income 4,685 -6.5 3.3
LLPs -2,486 -12.1 -3.4
Attributable profit 1,242 -2.7 13.8
Sharp exchange rate impact in recent
quarters
Excluding this impact:
- Recovery of net interest income + fee
income, (+2% / 4Q13; +6% / 1Q13)
- Costs in line with inflation
- Provisions still high, but on a
downward trend
(*) -1% excluding FX impact
Mar'13 Mar'14
627
595
Mar'13 Mar'14
537
516
-5%*
-4%*
(*) -2% excluding FX impact
47. 4747Consumer Business
Includes Continental Europe, United Kingdom and USA (SCUSA)
Basic data Gross loans (Mar’14): EUR 83 bn.
Attributable profit 1Q14: EUR 318 mill.
Continental
Europe
UK
USA
60
4
19
Continental
Europe
UK
USA
219
33
66
83,206
18.8
157,000
Countries14
61
Top 31 in
12 countries
30,611
EUR million in 1Q14
Attributable profit318
EUR billion
EUR million
Agreements with manufacturers
for "captive" financing
EUR million in loans
Dealers-participants
EUR million in deposits
Million customers
(1) Market share of new car financing and/or durable goods loans
48. 4848
467 419
270 281
517
468
117
131
1Q13 1Q14
1Q13 2Q 3Q 4Q 1Q14
1,253
1,057 1,169 1,092
1,168
1,371
1,196
1,306
1,214
1,298
Global Wholesale Banking (GBM)
-5%*
-10%
-10%
+11%
TOTAL
Financing solutions
& advisory +4%
TOTAL
Trading y
capital
Customers
Customers
-7%*
1,371
1,298
1Q14 %1Q13 %4Q13
NII + fee income 921 -4.5 -2.6
Gross income 1.298 -5.3 6.9
Operating expenses -440 -0.1 1.5
Net op. Income 858 -7.8 9.9
LLPs -108 -34.6 -33.4
Attributable profit 474 -0.7 23.5
Gross income P&L
EUR million EUR million
Global Transaction
Services
Global Markets
Trading and capital
(*) Excluding FX impact: total revenues: +2%; customer revenues -2%
Exchange rate impact in recent quarters
Gross income growth in constant euros
(+10% /4Q13; +2% /1Q13)
Sharp drop in provisions over 1Q13 and
4Q13, due to Spain and Brazil respectively
49. 4949Private Banking, Asset Management and Insurance
221 215
234 233
706 631
1,161
1,080
1Q13 1Q14
1Q13 2Q 3Q 4Q 1Q14
221 237 217 206 215
234 246 243 195 233
706 678
618 643 631
1,161 1,161
1,078 1,044 1,080
-7%2
-3%
TOTAL
-11%
TOTAL
(*) Including fees paid to the Group retail networks
1Q14 %1Q13 %4Q13
NII + fee income 258 -1.5 -2.7
Gross income 350 -5.9 +7.8
Operating expenses -141 -2.1 -2.9
Net op. income 209 -8.4 +16.4
LLPs -26 — —
Attributable profit 137 -18.4 +24.1
-0.2%
Private Banking
Private Banking
Total revenues for the Group1 P&L
Total revenues for the Group*
EUR million EUR million
Insurance
Asset
Management
Insurance
Asset
Management
(2) At constant perimeter and FX rates: Total +2%; Insurance -1%; Asset Mgmt.+13%:
Private Banking: +1%
Impacted by fx rates and reduced perimeter
due to sale of 50% of mgmt. companies
Large gross income contribution to the
Group (+10% of operating areas total)
At constant perimeter and fx rates,
total gross income for the Group increased
(+7% / 4Q13 and +2% / 1Q13)
51. 5151
NPL ratios
%
31.03.13 30.06.13 30.09.13 31.12.13 31.03.14
Continental Europe 6.62 7.83 8.48 9.13 9.12
Spain 4.12 5.75 6.40 7.49 7.61
Portugal 6.88 7.41 7.86 8.12 8.26
Poland 7.39 8.08 7.75 7.84 7.35
Santander Consumer Finance 3.98 4.04 3.96 4.01 4.14
United Kingdom 2.03 2.01 1.98 1.98 1.88
Latin America 5.40 5.23 5.29 5.00 5.06
Brazil 6.90 6.49 6.12 5.64 5.74
Mexico 1.92 2.20 3.58 3.66 3.62
Chile 5.51 5.81 6.00 5.91 5.99
USA 3.01 2.96 3.04 3.09 2.88
Operating Areas 4.70 5.13 5.39 5.61 5.54
Total Group 4.75 5.15 5.40 5.61 5.52
52. 5252
Coverage ratios
%
31.03.13 30.06.13 30.09.13 31.12.13 31.03.14
Continental Europe 71.0 63.3 61.1 57.3 58.0
Spain 50.3 43.1 45.0 44.0 44.6
Portugal 52.9 52.4 51.9 50.0 50.6
Poland 67.6 59.3 64.1 61.8 64.6
Santander Consumer Finance 108.7 106.9 109.2 105.3 105.1
United Kingdom 42.1 42.1 41.6 41.6 42.9
Latin America 87.4 86.1 83.6 85.4 86.1
Brazil 90.4 91.3 92.0 95.1 95.2
Mexico 157.1 142.7 99.0 97.5 98.6
Chile 53.9 49.9 49.7 51.1 50.7
USA 149.6 156.5 148.9 148.1 163.3
Operating Areas 75.0 69.6 67.2 64.6 66.0
Total Group 74.1 69.7 67.1 64.9 66.3
53. 5353
Cost of credit
%
31.03.13 30.06.13 30.09.13 31.12.13 31.03.14
Continental Europe 3.13 2.33 1.71 1.23 1.21
Spain 1.23 1.26 1.36 1.36 1.37
Portugal 1.18 1.10 0.93 0.73 0.63
Poland 1.22 1.18 1.09 1.01 0.98
Santander Consumer Finance 1.26 1.15 1.13 0.96 0.89
United Kingdom 0.29 0.26 0.26 0.24 0.23
Latin America 5.07 4.87 4.73 4.53 4.24
Brazil 7.46 7.07 6.72 6.34 5.82
Mexico 2.46 2.73 3.27 3.47 3.59
Chile 1.95 2.00 1.96 1.92 1.82
USA 1.89 1.95 2.17 2.48 2.94
Operating Areas 2.49 2.15 1.85 1.65 1.61
Total Group 2.45 2.14 1.89 1.69 1.65
Cost of credit = 12 month loan-loss provisions / average lending
54. 5454
Mar'14
53%
Gross risk Coverage Net
Fund Risk
Non-performing 7,846 4,609 3,237
Substandard1 2,437 885 1,552
Foreclosed real estate 8,096 4,471 3,625
Total problematic assets 18,379 9,965 8,414
Performing loans2 419 0 419
Real estate exposure 18,798 9,965 8,833
Spain run-off real estate. Exposure and coverage ratios
Non-performing 59%
Substandard1 36%
Foreclosed real estate 55%
Total problematic assets 54%
Performing loans2 0%
Total coverage
(problematic assets + performing loans)
Coverage by borrowers' situation
(March 2014)
provisions / exposure (%)EUR Million
Total real estate
exposure
(1) 100% up-to-date with payments
(2) Performing loans: loans up-to-date with payments
55. 5555
Mar’14 Dec’13 Var.
Spain run-off real estate. Loans and foreclosures
Finished buildings 4,339 4,673 -334
Buildings under constr. 574 614 -40
Developed land 3,072 3,124 -52
Building and other land 915 1,116 -201
Non mortgage guarantee 1,802 1,828 -26
Total 10,702 11,355 -653
LOANS with real estate purpose Foreclosed REAL ESTATE
EUR Million EUR Million
Gross
amount Coverage
Net
amount
Finished buildings 2,384 41% 1,395
Buildings under constr. 690 50% 348
Developed land 2,159 60% 861
Building and other land 2,791 64% 995
Other land 72 64% 26
Total 8,096 55% 3,625