The Chairman reviewed Banco Santander's 2011 results and highlighted four key factors for the bank's success:
1) Business diversification across emerging and developed markets helped generate stable revenues. Brazil contributed the largest profit while Spain's contribution declined.
2) Strong capital and liquidity management allowed the bank to quickly meet new capital requirements while maintaining dividend payments. The subsidiaries model provides capital and liquidity autonomy.
3) Conservative risk management is exemplified by below-average default rates and increasing loan loss provisions for Spanish real estate to 50% of balance sheet exposure.
4) Efficiency initiatives such as technology and operations management allow Santander to have the lowest cost-to-income ratio among global
Emilio Botín: “We will maintain our shareholder remuneration of EUR 0.60 a sh...BANCO SANTANDER
Banco Santander's Chairman Emilio Botín addressed the bank's Annual General Meeting. He announced that the bank will maintain its shareholder remuneration of €0.60 per share in 2013 for the fifth consecutive year. Botín expressed optimism for 2013, stating that profits will sharply increase once real estate coverage in Spain is completed. He outlined the bank's priorities for 2013 as restoring profit growth, maintaining strong capital and liquidity positions, and completing mergers in Spain and Poland.
Emilio Botín: "We expect to be able to increase shareholderBANCO SANTANDER
The document is a press release from Banco Santander's investor day. It summarizes comments from Santander's Chairman Emilio Botin, who expressed confidence in Santander's business model and strategy. Botin outlined Santander's goals of 12-14% ROE and 16-18% ROTE by 2014. He emphasized Santander's strength from geographic diversification and its subsidiaries' autonomy. Botin said Santander offers high dividend yield and expects to increase shareholder remuneration starting in 2013. The heads of Santander units in the US, Poland, and Portugal also presented, outlining growth strategies for their regions.
Emilio Botín, Chairman of Banco Santander, presented the bank's 2012 results. He provided the following key points:
1. Banco Santander reported an attributable net profit of EUR 2.205 billion, down 59% from the previous year due to high provisions in Spain.
2. Pre-provision profits were EUR 23.559 billion, ranking Santander third in the world and demonstrating its ability to generate profits once provisions return to normal levels.
3. Santander strengthened its balance sheet through increased provisions, capital, and liquidity. It also carried out transactions to strengthen its positions in key markets like Spain, Mexico, and Poland.
4. Botín expressed confidence
Alfredo Sáenz, CEO of Banco Santander, stated that the bank's profits will return to normal levels within three years. Emerging markets like Latin America and Poland are expected to provide double-digit profit growth in the short to medium term. Mature markets where loan loss provisions have stabilized or declined, such as the UK, US, and Santander Consumer Finance, will see single-digit profit increases over three years. Spain and Portugal, where provisions remain high, are projected to generate €2 billion in excess capital annually in 2013 and 2014.
This document is the transcript of a speech given by Emilio Botin, Chairman of Banco Santander, at the bank's 2011 Investor Day. The summary is:
1) Botin outlines how Santander has remained profitable and strengthened its capital position during the financial crisis, growing through acquisitions.
2) He describes Santander's unique strategic positioning, including geographic diversification, prudent risk management, an autonomous subsidiary model, integration creating synergies, and a global brand.
3) Botin expects Santander to achieve a 12-14% return on equity and 16-18% return on tangible equity by 2014, creating shareholder value through organic growth and higher profitability across its markets
Santander made ordinary profit of EUR 3.426 billion, a 24% increase BANCO SANTANDER
Banco Santander made an ordinary attributable profit of EUR 3,426 million in the first half, 24% more than the same period last year. Santander’s ten core markets increased profit, with a particularly important increase in the bank’s three largest markets: Spain, United Kingdom and Brazil.
Speech by Emilio Botín 2014 Annual General Meeting BANCO SANTANDER
This document summarizes Emilio Botín's speech at Banco Santander's annual general meeting on March 28, 2014. Botín discussed Banco Santander's 2013 results and shareholder remuneration, their banking model and strategic position regarding the European banking union, corporate governance changes, and an optimistic outlook for 2014. Key points included a 90% increase in 2013 profits, maintaining a dividend of €0.60 per share, and that Santander's diversification positions it well for regulatory changes and economic opportunities.
Emilio Botín: “We will maintain our shareholder remuneration of EUR 0.60 a sh...BANCO SANTANDER
Banco Santander's Chairman Emilio Botín addressed the bank's Annual General Meeting. He announced that the bank will maintain its shareholder remuneration of €0.60 per share in 2013 for the fifth consecutive year. Botín expressed optimism for 2013, stating that profits will sharply increase once real estate coverage in Spain is completed. He outlined the bank's priorities for 2013 as restoring profit growth, maintaining strong capital and liquidity positions, and completing mergers in Spain and Poland.
Emilio Botín: "We expect to be able to increase shareholderBANCO SANTANDER
The document is a press release from Banco Santander's investor day. It summarizes comments from Santander's Chairman Emilio Botin, who expressed confidence in Santander's business model and strategy. Botin outlined Santander's goals of 12-14% ROE and 16-18% ROTE by 2014. He emphasized Santander's strength from geographic diversification and its subsidiaries' autonomy. Botin said Santander offers high dividend yield and expects to increase shareholder remuneration starting in 2013. The heads of Santander units in the US, Poland, and Portugal also presented, outlining growth strategies for their regions.
Emilio Botín, Chairman of Banco Santander, presented the bank's 2012 results. He provided the following key points:
1. Banco Santander reported an attributable net profit of EUR 2.205 billion, down 59% from the previous year due to high provisions in Spain.
2. Pre-provision profits were EUR 23.559 billion, ranking Santander third in the world and demonstrating its ability to generate profits once provisions return to normal levels.
3. Santander strengthened its balance sheet through increased provisions, capital, and liquidity. It also carried out transactions to strengthen its positions in key markets like Spain, Mexico, and Poland.
4. Botín expressed confidence
Alfredo Sáenz, CEO of Banco Santander, stated that the bank's profits will return to normal levels within three years. Emerging markets like Latin America and Poland are expected to provide double-digit profit growth in the short to medium term. Mature markets where loan loss provisions have stabilized or declined, such as the UK, US, and Santander Consumer Finance, will see single-digit profit increases over three years. Spain and Portugal, where provisions remain high, are projected to generate €2 billion in excess capital annually in 2013 and 2014.
This document is the transcript of a speech given by Emilio Botin, Chairman of Banco Santander, at the bank's 2011 Investor Day. The summary is:
1) Botin outlines how Santander has remained profitable and strengthened its capital position during the financial crisis, growing through acquisitions.
2) He describes Santander's unique strategic positioning, including geographic diversification, prudent risk management, an autonomous subsidiary model, integration creating synergies, and a global brand.
3) Botin expects Santander to achieve a 12-14% return on equity and 16-18% return on tangible equity by 2014, creating shareholder value through organic growth and higher profitability across its markets
Santander made ordinary profit of EUR 3.426 billion, a 24% increase BANCO SANTANDER
Banco Santander made an ordinary attributable profit of EUR 3,426 million in the first half, 24% more than the same period last year. Santander’s ten core markets increased profit, with a particularly important increase in the bank’s three largest markets: Spain, United Kingdom and Brazil.
Speech by Emilio Botín 2014 Annual General Meeting BANCO SANTANDER
This document summarizes Emilio Botín's speech at Banco Santander's annual general meeting on March 28, 2014. Botín discussed Banco Santander's 2013 results and shareholder remuneration, their banking model and strategic position regarding the European banking union, corporate governance changes, and an optimistic outlook for 2014. Key points included a 90% increase in 2013 profits, maintaining a dividend of €0.60 per share, and that Santander's diversification positions it well for regulatory changes and economic opportunities.
The document discusses Banca IFIS's strong financial results in the first 9 months of 2012, with profits up 175.5% and deposits increasing 75.6%. It also outlines the launch of the new contomax crowd banking account on January 7th and details various social media initiatives undertaken by the bank, including the StreetNetwork art contest and expansion of its online presence through platforms like LinkedIn, Facebook, and a new WebTV channel.
Annual General Meeting José Antonio Álvarez speechBANCO SANTANDER
Grupo Santander reported a 39% increase in profits in 2014 to €5.8 billion, with strong growth across most business units. Looking ahead, Santander expects a continued gradual global economic recovery but also tougher regulatory requirements. The bank will focus on improving profitability further through initiatives like gaining market share, boosting customer loyalty, and maintaining strict cost control while investing in technology and commercial activities.
Banco Santander delivers on its targets and earns EUR 5.966 million (+3%), wi...BANCO SANTANDER
Banco Santander registered attributable profit in 2015 of EUR 5,966 million, a 3% increase compared to 2014. Underlying profit, which does not include the effect of non-recurring results, grew an additional ten points, by 13%, and reached EUR 6,566 million.
The document is a strategy presentation by Ana Botin, Group Executive Chairman of Banco Santander, S.A. given on February 3rd, 2015. It outlines Santander's strategy to be the best retail and commercial bank by earning the lasting loyalty of customers, employees, shareholders, and communities. The presentation discusses the new banking environment, Santander's current position, and strategic priorities around customers, employees, communities, and shareholders. Key goals include growing the number of loyal retail and corporate customers, improving customer satisfaction, and achieving a return on tangible equity of 12-14% by 2017.
Santander simplifies its corporate structure and reduces its corporate divisi...BANCO SANTANDER
Banco Santander's board of directors approved changes to simplify its corporate structure from 15 divisions to 11. This aims to improve the bank's ability to respond to customer needs and meet financial targets. Key changes include consolidating technology and operations roles, creating a new regulatory relations unit, and integrating private banking into retail banking. The restructure follows Santander's appointment of a new executive chairman in September and aims to create a more agile organization to capture growth opportunities.
Target2 and the Rollover of Portugal's Public Debt Feb 1, 2014 by Jose Guilhe...José Guilherme Ataíde
Based on recent literature that analyzes the payments system of the eurozone, the text seeks to show how the Portuguese government could use domestic commercial banks and the TARGET2 mechanism to redeem government debt securities held abroad without having to resort to new foreign aid. This procedure would take full advantage of the rules governing cross-border payments inside the euro area and might also pave the way for overcoming the current “austerity” while staying inside the euro.
This document is Saxo Bank's 2010 annual report. The summary provides:
1) Saxo Bank had its most profitable year ever in 2010, with operating income reaching DKK 3,338 million and net profit of DKK 644 million, up significantly from 2009.
2) Key drivers such as number of clients, number of trades, and trading volumes increased. Assets under management and client deposits grew to DKK 62.5 billion from DKK 34.5 billion in 2009.
3) Saxo Bank continued executing its transformation plan focused on efficiency, and expanded into the Danish retail banking sector through acquisitions. New products, platforms and offices were also developed.
MBH Corporation is a UK-based investment holding company that acquires small to medium enterprises across different industries. Since 2018, MBH has grown its portfolio to 8 companies. Through its business model of acquiring companies and providing additional services, MBH aims to help its portfolio companies grow. Financially, MBH has experienced significant revenue and profit growth in recent years. Going forward, MBH is well positioned for further growth and upside potential as economies recover from the impacts of COVID-19.
US lead the M&A surge, but confidence hits European dealmakersDeloitte UK
The document discusses trends in mergers and acquisitions (M&A) activity globally and regionally in Q3 2015. Key points include:
- M&A activity in the first half of 2015 was one of the strongest on record, driven by a surge in US deals fueled by economic factors.
- However, political and currency risks in Europe are weakening confidence for M&A deals among European companies.
- The document predicts that overall M&A activity will remain similar to Q2 levels in Q3 based on these factors.
This document summarizes a paper on how structured covered bonds can help finance small and medium enterprises (SMEs) in Spain. It discusses how the financial crisis negatively impacted SME lending in Spain. New regulations under Basel III may further discourage bank lending to SMEs due to high capital requirements for SME loans. The document proposes that Banco Santander could issue a covered bond using a pool of SME loans as collateral to help revitalize SME financing. It analyzes the relevant Spanish legal framework and structures a possible covered bond that could receive investment grade ratings.
Banco Santander concederá becas a estudiantes de Yale-NUS College por valor d...BANCO SANTANDER
Banco Santander concederá becas por valor de 800.000 dólares a estudiantes de Yale-NUS College en Singapur para establecer dos programas de becas. El primer programa otorgará hasta cinco becas basadas en el mérito académico. El segundo programa financiará intercambios, prácticas y experiencias profesionales en el extranjero para 100 estudiantes durante los próximos cinco años, con preferencia por destinos en España y América Latina. Este acuerdo refuerza el compromiso de Santander con la educación superior a n
Banco Santander entra con un millón de euros en el capital de Afigal y Sogarp...BANCO SANTANDER
Banco Santander invierte un millón de euros en las sociedades de garantía recíproca gallegas AFIGAL y SOGARPO para impulsar la financiación de las pequeñas y medianas empresas gallegas, aportando 500,000 euros a cada una. Esta inversión refuerza las provisiones técnicas de las SGRs para que puedan seguir avalando operaciones de financiación a pymes y facilitar su acceso a la misma. El banco busca dinamizar el crecimiento empresarial gallego a través de su estrategia Santander Advance y apoyar
Santander recibe el sello Top Employers Europe 2017 por sus prácticas de recu...BANCO SANTANDER
Santander España ha recibido este año la certificación del Top Employers Institute, la compañía certificadora global que reconoce la excelencia en las condiciones que los empleadores crean para sus profesionales. Además del certificado en Santander España, el grupo obtiene este sello en otros cinco países: Polonia (Bank Zachodni WBK), Reino Unido y en las unidades de Santander Consumer Finance en Alemania, Holanda y Bélgica, y en Europa, lo que le convierte en uno de los cuatro bancos que cuentan con este reconocimiento en el continente.
Apertura de oficina de Santander Asset Management en AlemaniaBANCO SANTANDER
Santander Asset Management abrirá una nueva oficina en Frankfurt, Alemania para apoyar la distribución de fondos y carteras de inversión a través de la red comercial de Santander Bank en Alemania y para gestionar activos institucionales alemanes. La nueva oficina posicionará a Santander Asset Management en el mercado alemán y afianzará su presencia en Europa. Stefan Jochum liderará la nueva oficina con un equipo de 11 personas.
Más de 500.000 clientes de Banco Santander tienen ya la tarjeta FerrariBANCO SANTANDER
Banco Santander anunció que más de 500.000 clientes en 7 mercados ya tienen la tarjeta de crédito Ferrari, la cual ofrece ventajas como sorteos de entradas a carreras de F1, descuentos en artículos de Ferrari, y un seguro de viaje de hasta 300.000 euros. Las oficinas de Banesto recientemente incorporadas a Santander ahora también comercializan la tarjeta. El presidente de Santander recibió una tarjeta gigante de manos de los pilotos Fernando Alonso y Felipe Massa durante el Gran Premio de España para conmemor
Ana Botín presenta la Carta Universia Río 2014 en la XXIV Cumbre Iberoamerica...BANCO SANTANDER
La presidenta de Banco Santander y de Universia, Ana Botín, y una delegación de rectores iberoamericanos han hecho entrega de la Carta Universia Río 2014 al presidente de México, Enrique Peña Nieto, el rey de España, Felipe VI, y la Secretaria General Iberoamericana, Rebeca Grynspan, en el marco de la Cumbre Iberoamericana de Jefes de Estado que se celebra en Veracruz, México.
Banco Santander obtuvo en 2011 un beneficio atribuido de 5.351 millones de euros, un 35% menos que en 2010, debido a saneamientos extraordinarios de 3.183 millones de euros. No obstante, el beneficio recurrente fue de 7.021 millones de euros, un 14% menos que en 2010. El banco ya ha alcanzado el ratio de capital core del 9% requerido por la EBA para junio de 2012. Más de la mitad del beneficio provino de Latinoamérica, especialmente de Brasil.
Santander must set aside eur 2,300 million more due to the new rules on real ...BANCO SANTANDER
Santander must set aside an additional EUR 2,300 million to meet new Spanish government rules on real estate asset provisions. The new rules require EUR 6,100 million total in provisions, of which EUR 1,800 million was already charged in 2011 results and EUR 2,000 million is covered by existing capital. Santander will cover the remaining EUR 2,300 million in 2012 through expected capital gains from the sale of Banco Santander Colombia and other capital gains or ordinary provisions during the year.
La Universidad de Valladolid y Banco Santander ponen en marcha la nueva aplic...BANCO SANTANDER
El rector de la Universidad de Valladolid (UVa), Daniel Miguel San José y el director Territorial del Santander en Castilla y León, Óscar Calleja Ruiz, han suscrito en el Palacio de Santa Cruz, sede del Rectorado de la UVa, el acuerdo de puesta en marcha de la nueva aplicación para dispositivos móviles UVaApp.
Un centenar de Becas Santander para que universitarios de Cantabria realicen ...BANCO SANTANDER
Banco Santander ofrece 98 becas a estudiantes de universidades de Cantabria para realizar prácticas remuneradas de 3 meses en PYMEs locales. El programa cuenta con una inversión de 176.400 euros en 2014 y ha beneficiado a más de 238 estudiantes en la región desde 2011.
Jesús Zabalza new CEO of Santander Brasil;Javier San Felix replacesBANCO SANTANDER
Jesús Zabalza has been named CEO of Santander Brasil, while Javier San Felix will replace him as head of the Americas division. Marcial Portela will remain as chairman of the board of directors of Santander Brasil. Jesús Zabalza has in-depth knowledge of Latin American markets and has held executive roles at several banks. Javier San Felix was previously CEO of Banesto until its merger with Santander and will now oversee Santander's businesses in Latin America excluding Brazil. The appointments are subject to regulatory approval in Brazil.
Universia y casadellibro.com lanzan la mayor librería digital para el ámbito ...BANCO SANTANDER
Universia y Casadellibro.com lanzan la mayor librería digital para estudiantes universitarios, permitiendo a los alumnos de Universia acceder al catálogo de más de 1.5 millones de libros de texto universitario en formato impreso y digital. La asociación fortalece la posición de Casadellibro.com como librería de referencia para estudiantes en España y América Latina.
The document discusses Banca IFIS's strong financial results in the first 9 months of 2012, with profits up 175.5% and deposits increasing 75.6%. It also outlines the launch of the new contomax crowd banking account on January 7th and details various social media initiatives undertaken by the bank, including the StreetNetwork art contest and expansion of its online presence through platforms like LinkedIn, Facebook, and a new WebTV channel.
Annual General Meeting José Antonio Álvarez speechBANCO SANTANDER
Grupo Santander reported a 39% increase in profits in 2014 to €5.8 billion, with strong growth across most business units. Looking ahead, Santander expects a continued gradual global economic recovery but also tougher regulatory requirements. The bank will focus on improving profitability further through initiatives like gaining market share, boosting customer loyalty, and maintaining strict cost control while investing in technology and commercial activities.
Banco Santander delivers on its targets and earns EUR 5.966 million (+3%), wi...BANCO SANTANDER
Banco Santander registered attributable profit in 2015 of EUR 5,966 million, a 3% increase compared to 2014. Underlying profit, which does not include the effect of non-recurring results, grew an additional ten points, by 13%, and reached EUR 6,566 million.
The document is a strategy presentation by Ana Botin, Group Executive Chairman of Banco Santander, S.A. given on February 3rd, 2015. It outlines Santander's strategy to be the best retail and commercial bank by earning the lasting loyalty of customers, employees, shareholders, and communities. The presentation discusses the new banking environment, Santander's current position, and strategic priorities around customers, employees, communities, and shareholders. Key goals include growing the number of loyal retail and corporate customers, improving customer satisfaction, and achieving a return on tangible equity of 12-14% by 2017.
Santander simplifies its corporate structure and reduces its corporate divisi...BANCO SANTANDER
Banco Santander's board of directors approved changes to simplify its corporate structure from 15 divisions to 11. This aims to improve the bank's ability to respond to customer needs and meet financial targets. Key changes include consolidating technology and operations roles, creating a new regulatory relations unit, and integrating private banking into retail banking. The restructure follows Santander's appointment of a new executive chairman in September and aims to create a more agile organization to capture growth opportunities.
Target2 and the Rollover of Portugal's Public Debt Feb 1, 2014 by Jose Guilhe...José Guilherme Ataíde
Based on recent literature that analyzes the payments system of the eurozone, the text seeks to show how the Portuguese government could use domestic commercial banks and the TARGET2 mechanism to redeem government debt securities held abroad without having to resort to new foreign aid. This procedure would take full advantage of the rules governing cross-border payments inside the euro area and might also pave the way for overcoming the current “austerity” while staying inside the euro.
This document is Saxo Bank's 2010 annual report. The summary provides:
1) Saxo Bank had its most profitable year ever in 2010, with operating income reaching DKK 3,338 million and net profit of DKK 644 million, up significantly from 2009.
2) Key drivers such as number of clients, number of trades, and trading volumes increased. Assets under management and client deposits grew to DKK 62.5 billion from DKK 34.5 billion in 2009.
3) Saxo Bank continued executing its transformation plan focused on efficiency, and expanded into the Danish retail banking sector through acquisitions. New products, platforms and offices were also developed.
MBH Corporation is a UK-based investment holding company that acquires small to medium enterprises across different industries. Since 2018, MBH has grown its portfolio to 8 companies. Through its business model of acquiring companies and providing additional services, MBH aims to help its portfolio companies grow. Financially, MBH has experienced significant revenue and profit growth in recent years. Going forward, MBH is well positioned for further growth and upside potential as economies recover from the impacts of COVID-19.
US lead the M&A surge, but confidence hits European dealmakersDeloitte UK
The document discusses trends in mergers and acquisitions (M&A) activity globally and regionally in Q3 2015. Key points include:
- M&A activity in the first half of 2015 was one of the strongest on record, driven by a surge in US deals fueled by economic factors.
- However, political and currency risks in Europe are weakening confidence for M&A deals among European companies.
- The document predicts that overall M&A activity will remain similar to Q2 levels in Q3 based on these factors.
This document summarizes a paper on how structured covered bonds can help finance small and medium enterprises (SMEs) in Spain. It discusses how the financial crisis negatively impacted SME lending in Spain. New regulations under Basel III may further discourage bank lending to SMEs due to high capital requirements for SME loans. The document proposes that Banco Santander could issue a covered bond using a pool of SME loans as collateral to help revitalize SME financing. It analyzes the relevant Spanish legal framework and structures a possible covered bond that could receive investment grade ratings.
Banco Santander concederá becas a estudiantes de Yale-NUS College por valor d...BANCO SANTANDER
Banco Santander concederá becas por valor de 800.000 dólares a estudiantes de Yale-NUS College en Singapur para establecer dos programas de becas. El primer programa otorgará hasta cinco becas basadas en el mérito académico. El segundo programa financiará intercambios, prácticas y experiencias profesionales en el extranjero para 100 estudiantes durante los próximos cinco años, con preferencia por destinos en España y América Latina. Este acuerdo refuerza el compromiso de Santander con la educación superior a n
Banco Santander entra con un millón de euros en el capital de Afigal y Sogarp...BANCO SANTANDER
Banco Santander invierte un millón de euros en las sociedades de garantía recíproca gallegas AFIGAL y SOGARPO para impulsar la financiación de las pequeñas y medianas empresas gallegas, aportando 500,000 euros a cada una. Esta inversión refuerza las provisiones técnicas de las SGRs para que puedan seguir avalando operaciones de financiación a pymes y facilitar su acceso a la misma. El banco busca dinamizar el crecimiento empresarial gallego a través de su estrategia Santander Advance y apoyar
Santander recibe el sello Top Employers Europe 2017 por sus prácticas de recu...BANCO SANTANDER
Santander España ha recibido este año la certificación del Top Employers Institute, la compañía certificadora global que reconoce la excelencia en las condiciones que los empleadores crean para sus profesionales. Además del certificado en Santander España, el grupo obtiene este sello en otros cinco países: Polonia (Bank Zachodni WBK), Reino Unido y en las unidades de Santander Consumer Finance en Alemania, Holanda y Bélgica, y en Europa, lo que le convierte en uno de los cuatro bancos que cuentan con este reconocimiento en el continente.
Apertura de oficina de Santander Asset Management en AlemaniaBANCO SANTANDER
Santander Asset Management abrirá una nueva oficina en Frankfurt, Alemania para apoyar la distribución de fondos y carteras de inversión a través de la red comercial de Santander Bank en Alemania y para gestionar activos institucionales alemanes. La nueva oficina posicionará a Santander Asset Management en el mercado alemán y afianzará su presencia en Europa. Stefan Jochum liderará la nueva oficina con un equipo de 11 personas.
Más de 500.000 clientes de Banco Santander tienen ya la tarjeta FerrariBANCO SANTANDER
Banco Santander anunció que más de 500.000 clientes en 7 mercados ya tienen la tarjeta de crédito Ferrari, la cual ofrece ventajas como sorteos de entradas a carreras de F1, descuentos en artículos de Ferrari, y un seguro de viaje de hasta 300.000 euros. Las oficinas de Banesto recientemente incorporadas a Santander ahora también comercializan la tarjeta. El presidente de Santander recibió una tarjeta gigante de manos de los pilotos Fernando Alonso y Felipe Massa durante el Gran Premio de España para conmemor
Ana Botín presenta la Carta Universia Río 2014 en la XXIV Cumbre Iberoamerica...BANCO SANTANDER
La presidenta de Banco Santander y de Universia, Ana Botín, y una delegación de rectores iberoamericanos han hecho entrega de la Carta Universia Río 2014 al presidente de México, Enrique Peña Nieto, el rey de España, Felipe VI, y la Secretaria General Iberoamericana, Rebeca Grynspan, en el marco de la Cumbre Iberoamericana de Jefes de Estado que se celebra en Veracruz, México.
Banco Santander obtuvo en 2011 un beneficio atribuido de 5.351 millones de euros, un 35% menos que en 2010, debido a saneamientos extraordinarios de 3.183 millones de euros. No obstante, el beneficio recurrente fue de 7.021 millones de euros, un 14% menos que en 2010. El banco ya ha alcanzado el ratio de capital core del 9% requerido por la EBA para junio de 2012. Más de la mitad del beneficio provino de Latinoamérica, especialmente de Brasil.
Santander must set aside eur 2,300 million more due to the new rules on real ...BANCO SANTANDER
Santander must set aside an additional EUR 2,300 million to meet new Spanish government rules on real estate asset provisions. The new rules require EUR 6,100 million total in provisions, of which EUR 1,800 million was already charged in 2011 results and EUR 2,000 million is covered by existing capital. Santander will cover the remaining EUR 2,300 million in 2012 through expected capital gains from the sale of Banco Santander Colombia and other capital gains or ordinary provisions during the year.
La Universidad de Valladolid y Banco Santander ponen en marcha la nueva aplic...BANCO SANTANDER
El rector de la Universidad de Valladolid (UVa), Daniel Miguel San José y el director Territorial del Santander en Castilla y León, Óscar Calleja Ruiz, han suscrito en el Palacio de Santa Cruz, sede del Rectorado de la UVa, el acuerdo de puesta en marcha de la nueva aplicación para dispositivos móviles UVaApp.
Un centenar de Becas Santander para que universitarios de Cantabria realicen ...BANCO SANTANDER
Banco Santander ofrece 98 becas a estudiantes de universidades de Cantabria para realizar prácticas remuneradas de 3 meses en PYMEs locales. El programa cuenta con una inversión de 176.400 euros en 2014 y ha beneficiado a más de 238 estudiantes en la región desde 2011.
Jesús Zabalza new CEO of Santander Brasil;Javier San Felix replacesBANCO SANTANDER
Jesús Zabalza has been named CEO of Santander Brasil, while Javier San Felix will replace him as head of the Americas division. Marcial Portela will remain as chairman of the board of directors of Santander Brasil. Jesús Zabalza has in-depth knowledge of Latin American markets and has held executive roles at several banks. Javier San Felix was previously CEO of Banesto until its merger with Santander and will now oversee Santander's businesses in Latin America excluding Brazil. The appointments are subject to regulatory approval in Brazil.
Universia y casadellibro.com lanzan la mayor librería digital para el ámbito ...BANCO SANTANDER
Universia y Casadellibro.com lanzan la mayor librería digital para estudiantes universitarios, permitiendo a los alumnos de Universia acceder al catálogo de más de 1.5 millones de libros de texto universitario en formato impreso y digital. La asociación fortalece la posición de Casadellibro.com como librería de referencia para estudiantes en España y América Latina.
Altamira Santander permite desde hoy que el cliente proponga precios por los ...BANCO SANTANDER
El documento anuncia que Altamira Santander, una subsidiaria de Banco Santander que gestiona activos inmobiliarios, está permitiendo a los clientes proponer sus propios precios para comprar viviendas y otros inmuebles de su catálogo entre el 9 de septiembre y el 31 de octubre. Los clientes podrán hacer ofertas para aproximadamente 5,000 viviendas y otros tipos de propiedades e recibirán una respuesta sobre su oferta dentro de las 72 horas.
Banco Santander apoya las actividades de la Asociación Nacional Presencia GitanaBANCO SANTANDER
El programa Santander Ayuda, en su tercera convocatoria, respaldará las actividades de la Asociación Nacional Presencia Gitana, que trabaja para propiciar la participación de la comunidad gitana española en la sociedad y promover proyectos que garanticen la cobertura de necesidades básicas y los derechos fundamentales de esta comunidad.
Boston College y Banco Santander colaboran en el lanzamiento de un nuevo doct...BANCO SANTANDER
Boston College y Banco Santander lanzan un nuevo Doctorado Internacional en Bienestar Social que reducirá el tiempo de obtención del título de 5 a 3 años. El programa capacitará a estudiantes de universidades jesuitas iberoamericanas en Boston College para que puedan implementar el mismo programa en sus países. El acuerdo fue firmado por el presidente de Banco Santander y el presidente de Boston College. Banco Santander apoya la iniciativa a través de su División de Universidades que mantiene relaciones con 950 instituciones académicas.
Abierto el plazo para solicitar una estancia de investigación en el Museo Nac...BANCO SANTANDER
El Museo Nacional Reina Sofía ha convocado la cuarta edición de estancias de investigación, con el apoyo de Banco Santander a través de su División Santander Universidades, la Universidad de Alcalá y la CRUMA. Las estancias están dotadas con 6.000 euros y están dirigidas a investigadores, artistas y docentes para realizar investigación hasta el 3 de marzo de 2014 utilizando los recursos del museo. Banco Santander participa a través de su División Santander Universidades para promover la investigación en universidades y centros de todo el mundo.
Santander Totta, segundo banco privado de Portugal tras adquirir el negocio d...BANCO SANTANDER
Con el fin de dar continuidad a la actividad de Banco Internacional de Funchal (Banif) y salvaguardar los intereses de sus clientes, el Banco de Portugal, como autoridad de resolución, ha decidido adjudicar el negocio comercial de Banco Banif a Banco Santander Totta, filial del Banco Santander. Esta adjudicación implica que desde hoy, negocios y sucursales de Banco Banif pasan a formar parte del grupo Santander.
Santander YUZZ impulsará el desarrollo de 940 proyectos emprendedores durante...BANCO SANTANDER
El programa Santander YUZZ ‘Jóvenes con ideas’ ha comenzado las actividades en sus 51 centros YUZZ de alto rendimiento. Cerca de 1.300 jóvenes emprendedores de toda España desarrollarán sus proyectos, recibiendo asesoramiento personalizado y formación con expertos en innovación y modelos de negocio.
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after ...BANCO SANTANDER
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after making charges of EUR 18.800 billion and reducing property exposure in Spain
La UC3M y Banco Santander renuevan el convenio de colaboración de Cátedras de...BANCO SANTANDER
73 investigadores han participado en esta iniciativa desde 2007, procedentes de universidades, institutos científicos y organismos de investigación como el Instituto Max Plank, The London School of Economics, y las universidades de Boston, California, Cambridge, Chicago, Minnesota, París y Stanford.
Chairman’s speech at the 2012 results presentation BANCO SANTANDER
Mr. Emilio Botin presented Banco Santander's 2012 results which showed attributed net profit of EUR 2.205 billion, down 59% from the previous year due to high provisions and writedowns in Spain. However, profit before provisions was EUR 23.559 billion, ranking Santander third globally. Santander strengthened its balance sheet, capital, liquidity and reduced its real estate exposure in Spain. Looking forward, Santander remains well positioned due to its diversification, subsidiary model, commercial banking focus, risk management and efficiency.
Speech by Mr. Emilio Botín – Annual General Meeting 2013BANCO SANTANDER
Mr. Emilio Botín gave a speech at Banco Santander's 2013 Annual General Meeting to discuss the bank's 2012 results and outlook for 2013. He explained that while attributable net profit declined 59% due to high provisions in Spain, pre-provision profit was strong. For 2012, the bank allocated over 18 billion euros to provisions and strengthened its balance sheet, capital, and liquidity. Looking ahead, Mr. Botín expressed optimism for Banco Santander's future due to its solid pre-provision profits, strengthened balance sheet, key transactions in major markets, and commitment to maintaining its dividend.
FULL SPEECH OF EMILIO BOTIN IN THE SANTANDER INVESTOR DAY 2011BANCO SANTANDER
This document is the transcript of a speech given by Emilio Botin, Chairman of Banco Santander, at the bank's 2011 Investor Day. The summary is:
1) Botin outlines how Santander has remained profitable and strengthened its capital position during the financial crisis, growing through acquisitions.
2) He describes Santander's unique strategic positioning, including geographic diversification, prudent risk management, an autonomous subsidiary model, integration creating synergies, and a global brand.
3) Botin argues this positions Santander for higher profitability and presents the bank's strategy to create shareholder value through organic growth and maintaining its business model as competitors change strategies.
This document is Saxo Bank's 2009 annual report which summarizes their financial performance and strategic developments that year. The report indicates that while 2009 presented economic uncertainty, Saxo Bank was able to achieve satisfactory financial results including operating income of DKK 2.2 billion and net profit of DKK 201 million. It also details Saxo Bank's participation in the Danish state guarantee scheme, its continued restructuring efforts, and outlines its new strategic direction targeting four categories of clients.
Santander earns €1,867 million in attributable profit during Q1 2017 (up 14%)BANCO SANTANDER
Banco Santander reported a 14% increase in attributable profit during Q1 2017 to €1,867 million. Profit before tax increased 17% excluding currency movements to €3,311 million. The bank saw strong underlying business performance across all markets, with lending and customer funds up 2% and 7% respectively. Santander continues to improve efficiency, with its cost/income ratio improving to 46.1% from 48.1% during the quarter.
Santander Bank Annual Report 2011 Letter from Chief Executive Officer, Alfred...BANCO SANTANDER
Banco Santander's CEO Alfredo Sáenz discusses the bank's 2011 financial results and outlook in a letter to shareholders. The bank's profits declined in 2011 due to the European sovereign debt crisis but its core businesses performed well. The CEO emphasizes that Santander has taken steps to strengthen its balance sheet and is well-positioned to recover profitability as the economic environment stabilizes in the coming years.
This document is Santander's 2016 annual report. It contains messages from Ana Botín, Group executive chairman, and José Antonio Álvarez, chief executive officer. The report summarizes Santander's strategic progress in 2016, including achieving all business goals such as lending more to customers and improving returns for shareholders. It highlights increasing loyal customers to 125 million, growing digital customers to nearly 21 million, and maintaining high customer satisfaction rankings. The report also discusses supporting over 190,000 employees, 1,200 university partnerships, and economic opportunities for communities across Santander's markets.
Santander obtiene un beneficio atribuido de 3.616 millones de euros en el pri...BANCO SANTANDER
- Santander earned €3,616 million in attributable profit during the first half of 2017, up 24% compared to the same period last year. This was driven by increased customer revenues, cost control, and improved loan loss provisions.
- Gross income increased 11% to €23,939 million, driven by strong growth in recurring customer revenues.
- The acquisition of Banco Popular increased customers loans by 10% and customer deposits by 8.5%, and contributed an additional €11 million to attributable profits.
Santander earns EUR 3,616 million in attributable profit during the first hal...BANCO SANTANDER
Banco Santander earned an attributable profit of €3,605 million during the first half of 2017, an increase of 24% compared to the same period last year. This was driven by an increase in customer revenues, disciplined cost control, and further improvements in loan loss provisions. Banco Popular, which Santander acquired on 7 June 2017, contributed a further €11 million to the Group’s attributable profit in the period to 30 June 2017, bringing total Group attributable profit to €3,616 million during the first half of 2017 and €1,749 million in the standalone second quarter (+37% compared to second quarter of 2016).
Santander made a profit of EUR 4.361 billion, 32% more than a year earlierBANCO SANTANDER
Banco Santander made an attributable profit of EUR 4.361 billion in the first nine months of the year, an increase of 32% compared with the same period of 2013. Banco Santander’s chairman, Ana Botín, said: “Profit growth in 2014 helped consolidate the earnings recovery, thanks to improving revenues, falling costs and less need for write-downs.”
Banca IFIS had a very positive first quarter of 2012, with net banking income up 116.3% and net profit from financial activities increasing 146.4%. The bank joined the FTSE Italia Mid Cap index and saw continued growth in retail funding. For the rest of 2012, the bank aims to acquire new customers and loans to enhance services while also focusing on new projects in insolvency procedures. Banca IFIS also introduced a new website to improve transparency and interaction with stakeholders.
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Santander registered attributable net profit of EUR 1.804 billion (-66%), after covering 90% of real estate provisions required by the latest Spanish regulations
The document provides information on Banca IFIS' quarterly newsletter for March 2014. Some key points:
1) Banca IFIS had excellent financial results for 2013, with profits up 8.5% and the share price increasing 134% over the period.
2) The bank continues to support both companies and households during the economic difficulties in Italy by providing lending capacity to the real economy.
3) Banca IFIS is focusing on social media and digital communication tools to strengthen relationships with customers and investors.
Banco Santander acquired Banco Popular as part of a resolution scheme adopted by the Single Resolution Board. The acquisition strengthens Santander's position in Spain and Portugal and is expected to generate cost synergies and profitability improvements. Santander also completed a €7.072 billion capital increase to reinforce its capital structure following the acquisition. In the first half of 2017, Santander reported net income of €3.616 billion and continued progress on its strategic priorities.
Santander earns €4.61 billion during the first nine months of 2016BANCO SANTANDER
Banco Santander has delivered €4,606 million in attributable profits for the first nine months of 2016, down 22.5% from the same period in 2015 due to the impact of extraordinary items announced in Q2 of this year and Q2 of 2015. Excluding extraordinary items and exchange rate movements, profits grew by 8% year on year to €4,975 million.
Banco Popular agrees to sell majority stake in its real estate asset portfoli...BANCO SANTANDER
Banco Popular S.A. (‘Popular’) has today approved the sale of a majority stake in its real estate portfolio to Blackstone Real Estate Partners Europe V (‘Blackstone’). The agreement has been reached following a competitive process in which three international companies with long track records in the management of real estate assets presented offers. Blackstone was selected as the successful bidder after submitting the best offer in terms of both its value and management plan.
Santander acquires Popular, becoming the leading bank in SpainBANCO SANTANDER
Banco Santander today announces that it has acquired Banco Popular. The acquisition takes place following an auction conducted by the Single Resolution Board and FROB in which Santander was selected as the successful bidder, paying a notional consideration of €1. As part of the transaction Santander will complete a rights issue for a total amount of €7 billion. This will cover the capital and provisions required to strengthen Popular’s balance sheet. Existing shareholders will be given preferential subscription rights. The rights issue is underwritten.
Santander Q1 profit reaches EUR 1.633 billion, 5% less year-on-year and up 8%...BANCO SANTANDER
Banco Santander registered attributable profit of EUR 1,633 million in the first quarter of 2016, a 5% decrease compared to the same period of 2015. This decline is due to the depreciation against the euro of the currencies of all the countries where the Group is present, except the dollar. Without the exchange rate impact, profit would have increased 8%.
The document provides information about Banca IFIS, an Italian bank specialized in distressed loans, trade receivables, and tax receivables. It summarizes the bank's positive first quarter results, including higher revenues and profits. It also outlines the bank's expectations for continued growth in revenues, profits, and return on equity over the next three years through expanding its distressed loan business and reducing funding costs. Additionally, it discusses the bank's 30th anniversary celebrations and international operations in Poland.
Similar to Banco Santander Press Release Chairman's speech 2011 (20)
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.
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1. Press release
Chairman’s speech at the presentation of 2011 results
Botín: “We have shown that we are able to
simultaneously meet capital requirements, increase
provisions for property exposure and maintain per
share remuneration”
■ “Our strong revenues allow us to generate nearly EUR 25 billion in operating profits
before provisions, placing us among the leading banks in the world in ability to
generate earnings.”
■ “We’ve gotten ahead of the new requirements for property assets announced by the
Government, thus increasing coverage of on-balance real estate assets from 32% to
50%.”
■ “The additional provisions required for property assets go in the right direction.
These provisions should be fully made during this year. Each financial institution
should set aside its own provisions, limiting the use of government funds. Non-viable
institutions should be sold.”
■ “The Bank’s priorities for 2012 are to complete the real estate provisions in Spain in
line with the new standards, to reach 10% core capital by EBA criteria and to do this
while maintaining shareholder remuneration.
Madrid, Jan. 31, 2012 – Banco Santander Chairman Emilio Botín announced the bank
registered attributable net profit of EUR 5,351 million in 2011, down from 35% a year earlier.
Recurrent profit was EUR 7,021 million, a decline of 14.2%. “We have gone through the fourth
consecutive year of crisis, the toughest and longest period of volatility since the 1930s,
characterized by weak growth in volumes, pronounced instability in markets and regulatory
measures and changes with substantial effects. In this extraordinarily difficult environment,
Banco Santander has maintained its policy of giving priority to the strengthening of its balance
sheet in terms of capital, liquidity and provisions. In my opinion, it was a very good year.”
During his speech at the presentation of 2011 results, Botín said the bank “has demonstrated
its ability to simultaneously meet the 9% core capital requirement set out by the EBA, to
substantially increase provisions for property exposure (after a voluntary pretax charge of
EUR 1,812 million, bringing coverage of on-balance property in Spain to 50%), and
maintained per share remuneration at EUR 0.60 a share for a third consecutive year.”
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11 1
comunicacionbancosantander@gruposantander.com
2. The bank’s Chairman reviewed the four management principles that have enabled the Group
to obtain these results: diversification and recurrence of revenues; capital and liquidity
management and the subsidiaries model; risk management; and efficiency in operations and
business.
Diversification and recurrent revenues
Botín highlighted that Santander’s business model keeps the bank “very close to our
customers, who now number 102 million.” He pointed out that the bank is present in ten core
markets, five of those in emerging countries – Brazil, Mexico, Chile, Argentina and Poland -
that represent 54% of profit and five in developed countries – Spain, the U.K., Portugal,
Germany and the U.S. - that make up 46% of profit. “This positioning is unique among global
banks. Our goal in each of our ten core markets is to have market share of more than 10%
and to be one of the top three commercial banks.”
Botín noted that Brazil makes the largest contribution of any unit - EUR 2,610 million, or 28%
- to the Group’s results. “We have completed the integration of two very good banks. Now the
focus will be on growing the business in line with the country’s steady development. We
expect that our bank in Brazil will grow steadily, thanks to the investments we have made to
increase our branch network and deepen our business with SMEs.”
In the United Kingdom, which registered profit of EUR 1,145 million, 12% of the Group’s
earnings, Botín said business was affected by the weak economy, increased cost of funding
and the impact of new domestic regulations for retail and commercial banks. “Our priority at
present is to invest in the corporate business, integrating the branches bought from the Royal
Bank of Scotland, to create a more diversified bank, with sufficient critical mass in various
business segments. At the same time, we are strengthening our investment in branches and
improving the quality of our customer service.”
Botín said that Spain, which recorded profit of EUR 1,149 million, or 9% of the Group’s total
compared with 34% in 2008, said that “the economy and the Spanish banking system remain
in the midst of an adjustment process that affects all areas of business. Nonetheless, I am
confident that in Spain, Banco Santander has reached a turning point.” Botín highlighted
that “In the Santander branch network, margins, fees and insurance activity are growing well.
This is a result of good management of asset and liability prices, which we have adapted to
the current economic and financial conditions.I wish to make it very clear that if we do not
lend more, it is because of a lack of solvent demand.”
He pointed out that “since 2009, we have gained 111 basis points in market share in deposits.
This has allowed us to reduce the gap between credits and deposits, while at the same time
moderating the cost of our retail liabilities.” He also noted that “we have kept costs flat without
reducing our commercial capabilities. We have not cut jobs or shut branches. This leaves us
ideally positioned to gain market share and capitalize on the scenario that will arise following
the pending restructuring of the Spanish banking system.” Regarding non-performing loans,
he highlighted that “the bank’s NPL rate in Spain is 5.5%, lower than the average of the
system but above our forecast that it would remain below 5%.”
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11 2
comunicacionbancosantander@gruposantander.com
3. Capital and liquidity management and subsidiaries model
Botín underlined that “strengthening our balance sheet was, again in 2011, a management
priority for Banco Santander.” He pointed out “how rapidly and efficiently we adjusted to the
new requirements of the EBA. “In just two months we were able to meet the core capital
requirement of 9% by the EBA criteria, attesting to the advantages of our model of
listed subsidiaries that are autonomous in capital and liquidity, as well as our ability to
execute. I would like to underscore that the improvement of the core capital ratio was done
while maintaining full shareholder remuneration, showing the strength and flexibility of Banco
Santander, and did not entail the sale of strategic assets for the bank’s businesses, and was
realized even as the bank strengthened its balance sheet through provisions.”
Regarding liquidity, he said, “We continued to reinforce our position in 2011, reducing the
loans-to-deposits ratio to 117%, compared to 135% in 2009. He also highlighted that that
bank took advantage of windows of opportunity in the market to issue debt and that all issues
were made without state guarantees. “We issued medium- and long-term debt in amounts
that widely exceeded our maturities in the year. I would like to underscore that our group
policy is for our subsidiaries to manage their liquidity on their own, without depending on the
parent Group. We have access to the debt markets in our ten core markets.
The Banco Santander Chairman went over the asset sales the bank selectively realized in
2011, “in which the capital gains did not contribute to Group earnings.” These include
the strategic alliance with insurance compny Zurich to develop the insurance business in Latin
America, which generated EUR 641 million in capital gains; the entry of new partners who
acquired 25% of Santander Consumer USA, generating a capital gain of EUR 872 million; and
the sale of the bank in Colombia, which generated a capital gain of EUR 615 million, which
will be booked in 2012.
“The sales we have made this year show our strength and the value of our geographical
and business diversification, as well that of our model for subsidiaries, autonomous in
terms of capital and liquidity, and in many cases listed,” he added.
Risk management
“The attention we pay to risk management is the third factor that sets us apart. We have a
model based on strict discipline and independence from the business areas. This allows us to
continuously maintain lower default ratios than the average among our competitors in all the
geographical areas where we carry out our business. At the Group level, our NPL ratio was
3.89%,” he said.
He mentioned in particular real estate exposure in Spain, which came to EUR 32.100 billion.
“Our total exposure has declined by EUR 10.400 billion since December, 2009, representing
14% of our loan portfolio in Spain and 4% of the group portfolio. We have applied a write-off
policy that is always aligned with the standards set by our regulator. Also, we’ve gotten
ahead of the new requirements for property assets announced by the Government,
charging EUR 1.812 billion before tax against 2011 earnings, thus increasing coverage of on-
balance real estate assets from 32% to 50%.”
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11 3
comunicacionbancosantander@gruposantander.com
4. Efficiency in operations and business
Botín highlighted the importance of efficiency in operations and business as one of the
Group’s management principles. ”Banco Santander is the most efficient international bank in
the world, with a cost-to-revenue ratio of 45%, compared to an average of 60% among our
global competitors. Our operational and business efficiency model features comprehensive
technology and operations management, with corporate policies in various areas that are
applied to all of the banks in the Group. These synergies are not easily replicated; it took us
ten years of work to develop them.”
The Chairman said: “Our management is focused on obtaining high return on capital for our
shareholders. We have 3.3 million shareholders around the world. In Spain, we have 1.5
million shareholders, following an increase by 130,000 in the last year. This proves that
they are confident in the performance of our bank and our capacity to pay a dividend.”
However, he recalled that the Santander share fell 26% in 2011. “The Santander share
outperformed the average of European banks by seven percentage points, but it does not
reflect our Group’s track record or potential. “ Botín announced that, pending approval by
the Shareholders’ General Meeting, the Santander Scrip Dividend Program will be
applied on the supplementary dividend paid in May, amounting to EUR 0.22 per share.
“Since it was launched, an average 80% of our shareholders have chosen to be paid in
shares.”
The last part of his speech focused on the outlook for 2012. “Emerging countries and in
particular Latin America will record good economic and financial growth. For advanced
economies, we have a much more cautious view. The improvement of the economic and
financial environment will be very gradual and will only start to be clearly visible starting in
2013. We think that in 2012 the macroeconomic adjustment and deleveraging process will
continue to weigh on growth and lending in the industrial economies in the aggregate,
especially in the eurozone. In the euro area, the situation will remain particularly difficult.
The global crisis has raised questions regarding its current design, with huge political and
economic implications.”
“The euro and sovereign debt will continue to be key issues in 2012. Although the European
Council in December took important steps towards a greater coordination and financial
discipline in Europe, a lot has yet to be done before full confidence in sovereign debt returns.
Without this, it will be hard for markets for private issuers to open up and for businesses to
resort to financing in a normal manner. In addition to fiscal discipline, it is essential for the
European economy that all mechanisms be used to enable a quick reestablishment of
confidence. I am convinced that action will be taken in this direction, because the stability of
the euro and of the eurozone have to be a priority.”
Botín said that the European Central Bank’s measures in December to provide liquidity are
“very positive and have helped to ease market tensions.”
As to Spain, he added: “In Spain, unlike 2011, which started better than it ended, the year
2012, in spite of the many difficulties in store, will end somewhat better than it started.
I wish to stress that the steps in reforms and fiscal consolidation being taken by the new
Spanish government are very positive and have contributed to the positive performance of
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11 4
comunicacionbancosantander@gruposantander.com
5. Spanish public debt in the last few weeks. These measures will be painful in the short term
but are essential looking to the future. We urgently need to reform the labour market. We
need a reform that is deep and bold, that provides flexibility for companies and that links
salaries to productivity. ”Regarding the restructuring of the financial sector, although a
lot has been done, it must be completed out as soon as possible.“
“Further steps must be taken. What has been disclosed so far regarding additional
requirements for provisions against property assets goes in the right direction. These
provisions should be fully made during this year. Each financial institution should set
aside its own provisions, limiting the use of government funds. It should not be forgotten that
banks have already made an exceptional, unprecedented effort in Europe by merging the
deposit guarantee funds of banks, of the savings banks and credit unions. This was done to
solve the problems of the savings banks by taking money from the bank guarantee funds.
Non-viable institutions should be sold. As a result, the new banking environment must
have larger institutions that are sounder, more efficient, and with distribution networks more
aligned to the market’s size. This will help establish the flow of credit to the economy.”
He also spoke about Santander’s prospects for 2012. “The strategic positioning of Grupo
Santander gives us a comparative advantage over our major competitors. Our strength in
terms of income allows us to generate nearly EUR 25 billion in operating profits before
setting aside provisions, placing us among the leading banks in the world in ability to
generate earnings. Our current diversification provides us with the right balance. We do not
plan on making significant acquisitions or divestments over the coming years. We have a very
strong balance sheet. Maintaining high profit also allows us to organically generate a high
level of capital.”
Botín said: “Banco Santander’s current profit is well below our potential. Our priorities for 2012
are to complete the provisions for real estate in Spain according to the new standards; to
reach the 10% core capital requirement by EBA criteria; and to do this while maintaining
shareholder remuneration.”
As I stated at the meeting with investors in London last September, by 2014 we estimate we
will achieve, assuming the same consolidated group as at present, ROE of 12-14% and
ROTE of 16-18%, even despite the recent deterioration of the international environment.
The major levers for growth in returns will be:
- A gradual normalisation of profits in mature markets, especially in Spain, including
lower requirements for provisions.
- Organic growth in our emerging markets.
- The margin we have to optimise costs and income.
In short, we ended 2011 as one of the soundest, most solvent and liquid banks in the
world, with a business structure that allows us to face the future with confidence.“
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11 5
comunicacionbancosantander@gruposantander.com