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, 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.
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.
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.
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.
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.
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, 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.
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.
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.
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.
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 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%.
Banco Santander reported its financial results for the first quarter of 2016. Key highlights included:
- Attributable profit of €1,633 million, down 5% year-over-year due to negative foreign exchange impacts. Excluding this, profit was up 8%.
- Solid commercial revenues fueled by net interest income and fees. Costs were stable in real terms. Provisions were higher year-over-year but stable over the last two quarters.
- Return on tangible equity of 11.1%, in line with 2015 levels. Capital ratios remained strong with a fully-loaded CET1 ratio of 10.27%. Credit quality improved with declining non-performing loan ratios.
- 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.
The document is a presentation by Alfredo Sáenz, CEO of Santander Group. It contains forward-looking statements about Santander's future business development and economic performance, but many risks and uncertainties could cause actual results to differ. Santander has performed well during the financial crisis due to its diversified business model across economies and businesses, built around strong commercial franchises and deposit bases, leveraged through a global business and efficient cost structure. The presentation highlights how Santander outperformed peers in profits and capital levels during the crisis years of 2007-2010 and in the 2011 EU stress tests, validating its business strategy.
Speech by Ana Botín 2015 in the Annual General MeetingBANCO SANTANDER
Ana Botin addressed Santander's annual general meeting of shareholders. She discussed improvements to corporate governance including changes to the board and management team. Santander had strong financial results in 2014, with attributable profits increasing 39.3% year-over-year. Looking ahead, Santander is well positioned relative to challenges in regulation and technology, and will focus on prioritizing customer loyalty, digital transformation, and employee satisfaction to build the best retail and commercial bank.
This document provides a business plan for X-Finans, a proposed new financial lending and leasing institution in Norway. The plan outlines X-Finans' vision, products, operations, management team, market analysis, financial projections, and risks. Key points include: X-Finans will focus on car loan and lease products, pursue large dealerships, and use automated processes. The founder has significant experience growing car finance sales. Projected costs are stable while income grows annually, reaching break-even by year 4. The market is dominated by two large players, leaving opportunity for an innovative new competitor.
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.
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.
MRV is a leading homebuilder in Latin America with over 354,000 units sold. It has a national footprint in Brazil with presence in 148 cities and 22 states. MRV has experienced strong growth in recent years with net sales and revenue growing at a CAGR of 30.6% and 33.0% from 2007-2016 respectively. The company has a large landbank of over 22,000 hectares that is well positioned to support continued growth through increased market share in major cities with high housing demand.
I-Byte Banking, financial services and insurance IndustryEGBG Services
This document brings together a set of latest data points and publicly available information relevant for Banking, Financial Services & Insurance Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Public relations in Spain began developing in the 1970s with the transition to democracy but still has progress to make. There are currently 168 communication and PR consulting firms in Spain with a combined revenue of 200 million euros. While the sector is growing, it was negatively impacted by Spain's financial crisis in 2008 and 2009. For public relations to continue advancing in Spain, consultants must identify customer needs and offer creative, high-value solutions to gain a larger share of corporate communication budgets.
The Malta Chamber of Commerce, Enterprise and Industry together with 20 CEOs and chairpersons of leading Maltese companies and the Rector of the University of Malta developed an Economic Vision for Malta for 2014-2020. Their vision is for Malta to have a focused and diversified successful economy underpinned by a high quality, dynamic, productive and innovative private sector that positions Malta as a global hub for business and investment leading to increased prosperity by 2020. The document provides recommendations to guide stakeholders and support business in maximizing wealth creation through 13 sectors including financial services, ICT, filming, and tourism. It emphasizes the need for fiscal prudence, increasing productivity, strengthening Malta's tax framework, and investing in
Deutsche Börse AG held its annual press conference in 2014 to report on financial results for 2013 and discuss strategic plans. Key points:
- Net revenue was €1.9 billion and EBIT was €950 million, adjusted for one-time effects. The executive board proposes a dividend of €2.10 per share.
- While revenue was stable, investments in new growth areas lowered EBIT by 5%. Cost savings programs offset this.
- The company expanded market share in some areas and saw record volumes at Clearstream.
- Strategic focus remains on clearing OTC derivatives, collateral/liquidity management, and expanding in Asia through new partnerships and a Singapore clearing house.
- Deutsche
The document discusses the need to create a balanced and sustainable economy in the UK that is not overly reliant on any one sector or region. It argues that a "new economy" is required that spreads growth throughout the UK by harnessing entrepreneurship and supporting the mid-market sector. The mid-market, consisting of companies with turnover between £10-300 million, is highlighted as an important driver of the UK economy, employing millions of people. However, these companies are sometimes overlooked by policymakers.
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.
Discurso Completo de Emilio Botín Resultados 2012BANCO SANTANDER
El documento presenta un resumen de la intervención de Emilio Botín en la presentación de resultados de Banco Santander para 2012. Botín destaca que a pesar de un entorno económico difícil, el banco obtuvo un beneficio neto de 2.205 millones de euros. Explica que se reforzó el balance del banco a través de mayores provisiones, capital e liquidez. También resalta tres operaciones clave que fortalecieron su posición en España, México y Polonia.
Santander lanza la Cuenta 1 | 2 | 3 en España y da un giro a su estrategia co...BANCO SANTANDER
Santander España da un giro a su política comercial con el lanzamiento de la Cuenta 1I2I3, la palanca clave de una estrategia pensada para liderar la nueva forma de hacer banca. Esta estrategia, que aspira a aumentar el número de clientes vinculados, pone el foco en mejorar la satisfacción del cliente y en ganarse su confianza, con una oferta más sencilla y más ajustada a sus necesidades.
Este informe financiero resume los resultados de 2011 de una empresa. Mostró un aumento del 5,3% en el margen bruto pero una disminución del 34,6% en los beneficios atribuidos debido a mayores insolvencias. Los ratios de capital y eficiencia mejoraron, pero los ratios de rentabilidad cayeron. El mayor negocio provino de América Latina, especialmente Brasil, mientras que Europa continental representó la mayor parte del negocio geográfico.
Banco Santander destina más de dos millones € en 400 becas para alumnos de la...BANCO SANTANDER
Banco Santander ha destinado más de dos millones de euros en 400 becas para estudiantes de posgrado en la Universidad de Navarra para impulsar la enseñanza de posgrado y la internacionalización. La colaboración entre las dos instituciones se extiende desde el año 2000 y también incluye becas para estudiantes de grado y doctorado, así como financiación para investigaciones.
Fundación San Patricio, CSIC y Banco Santander promueven la investigación ent...BANCO SANTANDER
Más de 1.200 jóvenes de 4º de Enseñanza Secundaria Obligatoria (ESO) procedentes de todas las comunidades autónomas participarán este año en el congreso Investiga I+D+i (www.programainvestiga.org). Esta iniciativa, organizada por la Fundación San Patricio, con el apoyo del Consejo Superior de Investigaciones Científicas (CSIC) y Banco Santander, a través de Santander Universidades, tiene por objetivo fomentar el interés por la investigación, la tecnología y la innovación entre los jóvenes españoles de 14 y 15 años, para que lleguen mejor preparados a su formación superior.
Santander premia a sus fans en Facebook con una jornada como pilotos de AlonsoBANCO SANTANDER
Banco Santander está sorteando vueltas rápidas en un circuito de carreras con Fernando Alonso como piloto en un coche GT para 10 fans de Banco Santander España en su página de Facebook: www.facebook.com/bancosantander.
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%.
Banco Santander reported its financial results for the first quarter of 2016. Key highlights included:
- Attributable profit of €1,633 million, down 5% year-over-year due to negative foreign exchange impacts. Excluding this, profit was up 8%.
- Solid commercial revenues fueled by net interest income and fees. Costs were stable in real terms. Provisions were higher year-over-year but stable over the last two quarters.
- Return on tangible equity of 11.1%, in line with 2015 levels. Capital ratios remained strong with a fully-loaded CET1 ratio of 10.27%. Credit quality improved with declining non-performing loan ratios.
- 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.
The document is a presentation by Alfredo Sáenz, CEO of Santander Group. It contains forward-looking statements about Santander's future business development and economic performance, but many risks and uncertainties could cause actual results to differ. Santander has performed well during the financial crisis due to its diversified business model across economies and businesses, built around strong commercial franchises and deposit bases, leveraged through a global business and efficient cost structure. The presentation highlights how Santander outperformed peers in profits and capital levels during the crisis years of 2007-2010 and in the 2011 EU stress tests, validating its business strategy.
Speech by Ana Botín 2015 in the Annual General MeetingBANCO SANTANDER
Ana Botin addressed Santander's annual general meeting of shareholders. She discussed improvements to corporate governance including changes to the board and management team. Santander had strong financial results in 2014, with attributable profits increasing 39.3% year-over-year. Looking ahead, Santander is well positioned relative to challenges in regulation and technology, and will focus on prioritizing customer loyalty, digital transformation, and employee satisfaction to build the best retail and commercial bank.
This document provides a business plan for X-Finans, a proposed new financial lending and leasing institution in Norway. The plan outlines X-Finans' vision, products, operations, management team, market analysis, financial projections, and risks. Key points include: X-Finans will focus on car loan and lease products, pursue large dealerships, and use automated processes. The founder has significant experience growing car finance sales. Projected costs are stable while income grows annually, reaching break-even by year 4. The market is dominated by two large players, leaving opportunity for an innovative new competitor.
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.
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.
MRV is a leading homebuilder in Latin America with over 354,000 units sold. It has a national footprint in Brazil with presence in 148 cities and 22 states. MRV has experienced strong growth in recent years with net sales and revenue growing at a CAGR of 30.6% and 33.0% from 2007-2016 respectively. The company has a large landbank of over 22,000 hectares that is well positioned to support continued growth through increased market share in major cities with high housing demand.
I-Byte Banking, financial services and insurance IndustryEGBG Services
This document brings together a set of latest data points and publicly available information relevant for Banking, Financial Services & Insurance Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Public relations in Spain began developing in the 1970s with the transition to democracy but still has progress to make. There are currently 168 communication and PR consulting firms in Spain with a combined revenue of 200 million euros. While the sector is growing, it was negatively impacted by Spain's financial crisis in 2008 and 2009. For public relations to continue advancing in Spain, consultants must identify customer needs and offer creative, high-value solutions to gain a larger share of corporate communication budgets.
The Malta Chamber of Commerce, Enterprise and Industry together with 20 CEOs and chairpersons of leading Maltese companies and the Rector of the University of Malta developed an Economic Vision for Malta for 2014-2020. Their vision is for Malta to have a focused and diversified successful economy underpinned by a high quality, dynamic, productive and innovative private sector that positions Malta as a global hub for business and investment leading to increased prosperity by 2020. The document provides recommendations to guide stakeholders and support business in maximizing wealth creation through 13 sectors including financial services, ICT, filming, and tourism. It emphasizes the need for fiscal prudence, increasing productivity, strengthening Malta's tax framework, and investing in
Deutsche Börse AG held its annual press conference in 2014 to report on financial results for 2013 and discuss strategic plans. Key points:
- Net revenue was €1.9 billion and EBIT was €950 million, adjusted for one-time effects. The executive board proposes a dividend of €2.10 per share.
- While revenue was stable, investments in new growth areas lowered EBIT by 5%. Cost savings programs offset this.
- The company expanded market share in some areas and saw record volumes at Clearstream.
- Strategic focus remains on clearing OTC derivatives, collateral/liquidity management, and expanding in Asia through new partnerships and a Singapore clearing house.
- Deutsche
The document discusses the need to create a balanced and sustainable economy in the UK that is not overly reliant on any one sector or region. It argues that a "new economy" is required that spreads growth throughout the UK by harnessing entrepreneurship and supporting the mid-market sector. The mid-market, consisting of companies with turnover between £10-300 million, is highlighted as an important driver of the UK economy, employing millions of people. However, these companies are sometimes overlooked by policymakers.
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.
Discurso Completo de Emilio Botín Resultados 2012BANCO SANTANDER
El documento presenta un resumen de la intervención de Emilio Botín en la presentación de resultados de Banco Santander para 2012. Botín destaca que a pesar de un entorno económico difícil, el banco obtuvo un beneficio neto de 2.205 millones de euros. Explica que se reforzó el balance del banco a través de mayores provisiones, capital e liquidez. También resalta tres operaciones clave que fortalecieron su posición en España, México y Polonia.
Santander lanza la Cuenta 1 | 2 | 3 en España y da un giro a su estrategia co...BANCO SANTANDER
Santander España da un giro a su política comercial con el lanzamiento de la Cuenta 1I2I3, la palanca clave de una estrategia pensada para liderar la nueva forma de hacer banca. Esta estrategia, que aspira a aumentar el número de clientes vinculados, pone el foco en mejorar la satisfacción del cliente y en ganarse su confianza, con una oferta más sencilla y más ajustada a sus necesidades.
Este informe financiero resume los resultados de 2011 de una empresa. Mostró un aumento del 5,3% en el margen bruto pero una disminución del 34,6% en los beneficios atribuidos debido a mayores insolvencias. Los ratios de capital y eficiencia mejoraron, pero los ratios de rentabilidad cayeron. El mayor negocio provino de América Latina, especialmente Brasil, mientras que Europa continental representó la mayor parte del negocio geográfico.
Banco Santander destina más de dos millones € en 400 becas para alumnos de la...BANCO SANTANDER
Banco Santander ha destinado más de dos millones de euros en 400 becas para estudiantes de posgrado en la Universidad de Navarra para impulsar la enseñanza de posgrado y la internacionalización. La colaboración entre las dos instituciones se extiende desde el año 2000 y también incluye becas para estudiantes de grado y doctorado, así como financiación para investigaciones.
Fundación San Patricio, CSIC y Banco Santander promueven la investigación ent...BANCO SANTANDER
Más de 1.200 jóvenes de 4º de Enseñanza Secundaria Obligatoria (ESO) procedentes de todas las comunidades autónomas participarán este año en el congreso Investiga I+D+i (www.programainvestiga.org). Esta iniciativa, organizada por la Fundación San Patricio, con el apoyo del Consejo Superior de Investigaciones Científicas (CSIC) y Banco Santander, a través de Santander Universidades, tiene por objetivo fomentar el interés por la investigación, la tecnología y la innovación entre los jóvenes españoles de 14 y 15 años, para que lleguen mejor preparados a su formación superior.
Santander premia a sus fans en Facebook con una jornada como pilotos de AlonsoBANCO SANTANDER
Banco Santander está sorteando vueltas rápidas en un circuito de carreras con Fernando Alonso como piloto en un coche GT para 10 fans de Banco Santander España en su página de Facebook: www.facebook.com/bancosantander.
CEAJE se adhiere al programa ‘Becas Santander de Prácticas en PYMEs’ en su ed...BANCO SANTANDER
El documento describe el programa "Becas Santander de Prácticas en PYMEs" patrocinado por Banco Santander. El programa ofrece 5,000 becas a estudiantes universitarios en España para realizar prácticas remuneradas de 3 meses en pequeñas y medianas empresas. La Confederación Española de Asociaciones de Jóvenes Empresarios se ha unido ahora al programa. La inversión total de Banco Santander en 2013 será de 9 millones de euros.
Asset Management UK Ganadores del "Gold Standard Award 2011"BANCO SANTANDER
Santander Asset Management UK ganó por tercer año consecutivo el prestigioso premio 'Gold Standard Award 2011', que reconoce el compromiso con los principios de tratar a los clientes de manera justa. El jurado elogió el apoyo que ofrece Santander a los asesores, su enfoque de futuro en el compromiso con los empleados y su programa de gestión del talento. El consejero delegado de Santander Asset Management UK dijo que están orgullosos de que su compromiso con los clientes haya sido reconocido por tercera vez.
Emilio Botín: Banco Santander destinará 700 millones de euros a proyectos uni...BANCO SANTANDER
Hoy finaliza el III Encuentro Internacional de Rectores Universia 2014, tras dos días de intensos debates sobre 10 temas fundamentales para el mundo de la Educación
Superior en Iberoamérica. 1103 rectores, de 33 países, han participado en este acontecimiento que finaliza con un compromiso institucional de las Universidades presentes materializado en la Carta Universitaria Río 2014.
El Ministerio de Educación español ha firmado un acuerdo con RedEmprendia y Banco Santander para apoyar el emprendimiento académico. El acuerdo proporcionará asesoramiento gratuito a académicos para crear empresas de base tecnológica a través de RedEmprendia, y cubrirá el costo de sustituirlos mientras se dedican a la empresa. El objetivo es fomentar el emprendimiento como parte del Programa Campus de Excelencia Internacional del gobierno.
Santander Universidades México, presente en el Día del Empleo Universitario ´...BANCO SANTANDER
Banco Santander, a través de Santander Universidades en México, ha participado en el Día del Empleo Universitario “Job Hunting 2015” celebrado en la Universidad Anáhuac Oaxaca. Además ha reforzado su relación con el Consorcio de Universidades Mexicanas (CUMex) y con la Universidad Autónoma de Tamaulipas (UAT), con sendas charlas sobre las actividades de Santander Universidades.
El Informe GEM Cantabria refleja una mayor conciencia social para el fomento ...BANCO SANTANDER
El Informe GEM Cantabria muestra que la actividad emprendedora ha aumentado un 16% en la región. Aunque Cantabria tiene la tercera mayor tasa de crecimiento, todavía está por debajo del promedio nacional. El informe también indica que la percepción social de la importancia del emprendimiento ha aumentado, lo que ha llevado al desarrollo de iniciativas como el Centro Internacional Santander Emprendimiento para fomentar una cultura emprendedora.
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.
La Nau de la Innovació de la UMH entrega los premios a los ganadores de la ...BANCO SANTANDER
La Nau de la Innovació de la Universidad Miguel
Hernández (UMH) de Elche entregó ayer, 23 de julio, los
premios correspondientes a la final de la 4ª Maratón de
Creación de Empresas UMH, patrocinados por Banco
Santander a través de Santander Universidades. Este
programa de apoyo a los emprendedores ofrece formación,
asesoramiento y un total de 60.000 euros en financiación
a repartir entre las mejores ideas presentadas.
Santander lanza Santander Passport, un modelo global de atención especializad...BANCO SANTANDER
Banco Santander ha anunciado hoy el lanzamiento de Santander Passport, un modelo de atención especializado dirigido a clientes con actividad internacional o que tengan negocios en alguno de los países donde opera el Grupo. Los titulares de Santander Passport serán reconocidos como clientes preferentes y atendidos de forma homogénea en todas las filiales del grupo, independientemente del país en el que estén presentes.
Santander, premiado como "Banco más responsable en México" por International ...BANCO SANTANDER
Santander fue nombrado como “Banco más Responsable Socialmente en México” por International Finance Magazine, prestigiada revista que también le entregó el reconocimiento como “Mejor Banco de Inversión en México”.
1) The document cautions that the presentation contains forward-looking statements that may differ from actual results due to various risk factors.
2) It provides capital ratios and other metrics to demonstrate Santander's balance sheet strength, including a core capital ratio above 10% and liquidity measures.
3) Details are given on real estate provisions taken in Spain in H1'12 and their impact on profits, while still maintaining strong capital ratios.
Fondo Santander Advance invierte 6 millones de euros en el plan de crecimient...BANCO SANTANDER
El Fondo Santander Advance acaba de formalizar una inversión de seis millones de euros a través de deuda en la compañía Sofitec Composites S.L., lo que permitirá a esta empresa financiar la ampliación de sus instalaciones y sus equipos para continuar con su plan de crecimiento.
Banco Santander, el mejor banco para trabajar en España BANCO SANTANDER
El estudio Merco Personas 2011 reconoció a Banco Santander como la empresa preferida en el sector financiero en España y la cuarta mejor empresa general para trabajar. Santander se posicionó detrás de Inditex, Mercadona e Iberdrola en el ranking elaborado con las opiniones de empleados, universitarios y expertos. A pesar de bajar un puesto con respecto al año anterior debido a la crisis financiera, este reconocimiento resalta el compromiso de Santander por ser uno de los mejores lugares para trabajar, especialmente en un contexto donde el sector
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
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.
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.
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.
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.
Santander named Best Bank in the World in 2012 by Euromoney magazine BANCO SANTANDER
Euromoney magazine named Santander the Best Bank in the World for 2012, citing its international diversification, efficiency, and ability to generate profits even during difficult economic times. Santander was also recognized as the best bank in five of its core markets: the UK, Poland, Portugal, Mexico, and Argentina. The chairman of Santander said the bank aims to be the best bank for customers in its ten core markets by maintaining a strong balance sheet with significant capital and liquidity reserves.
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.
The document provides a financial report for Santander Bank for the first quarter of 2017. Some key highlights include:
- Attributable profit increased 14% year-over-year to €1,867 million, driven by growth in gross income, lower operating expenses, and reduced loan-loss provisions.
- Loyal and digital customers increased, reflecting the bank's commercial transformation and multi-channel strategy.
- Credit quality ratios improved, with non-performing loans falling 4% in the quarter and 11% year-over-year.
- Capital ratios remained solid, with a CET1 ratio of 10.66%, up from the prior quarter and year, demonstrating ongoing capital generation.
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).
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.
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 launches EUR 7,072 million rights issue to support the acquisition ...BANCO SANTANDER
Banco Santander, S.A. (“Santander”) has launched a rights issue to raise a total of €7,072 million. The transaction will support the acquisition of Banco Popular Español, S.A. (“Popular”) as announced on 7 June 2017. Santander will issue 1,458 million new shares of the same class and series as those already outstanding, providing existing shareholders preferential subscription rights.
Ramiro Mato joins Banco Santander’s Board and Executive CommitteeBANCO SANTANDER
Banco Santander’s board of directors met today in Brazil, a country that contributes 26% of the Group’s profits. During the meeting, the Board approved changes to its composition, as well as adjustments to the goodwill of the Group. The review of goodwill has resulted in an impairment of 600 million euros, which will not impact capital ratios. Despite these adjustments, Banco Santander maintains its goal to increase dividend per share in 2017 and 2018; and earnings per share in 2017 and 2018, the latter by double digits
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.”
- Santander delivered strong results in 2015, growing earnings, dividends, and capital organically. However, its share price has fallen, partly due to concerns over emerging markets like Brazil.
- Santander is well capitalized with a CET1 ratio of 12.55%, far above its minimum requirements, to prepare for Basel III standards. Its diversified business model provides stable earnings through economic cycles.
- Santander has a "moat" of competitive advantages including critical mass across its markets, trusted customer relationships, and geographic diversification that help protect its profits and market share over time.
With roots stretching back almost 200 years, Aegon is one of the world's leading providers of life insurance, pensions and asset management. Find out more about our history, markets, performance, and our commitment to sustainability and responsible investment.
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.
SANTANDER AND ZURICH FORM ALLIANCE IN LATIN AMERICABANCO SANTANDER
Santander and Zurich form alliance
to strengthen insurance in Latin America
■ The alliance will combine Banco Santander’s commercial strength in the region
with Zurich’s experience and leadership in developing and managing insurance
products.
■ The bank will distribute the Santander-Zurich alliance’s insurance products in
Brazil, Chile, Mexico, Argentina and Uruguay through its network of more than
5,600 branches.
■ Santander will create a holding company for its insurance subsidiaries in the five
markets; Zurich will acquire a 51% stake and manage the companies.
Similar to Emilio Botín: "Esperamos poder aumentar la remuneración por acción a partir de 2013" (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.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
South Dakota State University degree offer diploma Transcriptynfqplhm
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13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
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Emilio Botín: "Esperamos poder aumentar la remuneración por acción a partir de 2013"
1. Press release
INVESTOR DAY
Emilio Botín: “We expect to be able to increase
shareholder remuneration from 2013 onwards”
“Santander will obtain ROE of 12-14% and ROTE of 16-18% in 2014. We will deliver
fully diluted earnings per share (EPS) annual growth of around 10% from 2011 to
2014.”
“Spain can be the biggest positive surprise for investors in the coming years. We
expect 2012 to be similar to 2011. From 2013 onwards we expect a gradual
normalization of provisions, non-performing loans and funding costs.”
We will continue to deliver strong growth in earnings in emerging markets and we
will gain market share in the U.S., the U.K. and Germany.”
“Our organic capital generation will enable our core capital to get closer to a 10%
ratio in 2013, without any capital increase”.
The current share price of Banco Santander does not reflect our value. Achieving
our estimates should lead to a significant revaluation of our share price.
Santander’s dividend yield stands at 10%. Santander is a “high-yield, low-risk
investment opportunity”
“Banco Santander will maintain its strategy and business model, as we believe
they fit very well with the new regulation and already incorporate the key pillars for
a competitive global bank in the future”.
London, September 30th 2011 – Banco Santander Chairman Emilio Botín said Banco
Santander’s business model “has proved to be the right one to overcome the last four years of
financial crisis and regulatory changes.” During his speech at the closing of the two-day
meeting with analysts and investors that the bank held in London this week, Botín pointed out
that since 2008 the bank has registered average annual net profits of EUR 8 billion (or total
net profit of EUR 32 billion), has distributed dividends of EUR 19 billion to shareholders.
Moreover, according to recent results of the EBA stress test, in an adverse scenario
Santander would be the most profitable European bank, with the highest dividend and highest
retained earnings.
“Banco Santander´s earnings today are clearly below its potential”, Botín said. He added that
2012 will be a similar year to the current one. From 2013 onwards, the macroeconomic and
financial environment should gradually improve. “Assuming the same perimeter, I expect
Banco Santander to achieve a Return on Equity (ROE) of 12% to 14% and a Return on
Tangible Equity (ROTE) of 16% to 18% in 2014. This should lead to a significant revaluation
of our share price,” Botín said.
1
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
2. Botin is convinced that “Santander is a “high-yield, low-risk investment opportunity,”
mentioning three reasons that justify this view: “Banco Santander is stronger today than
before the crisis; has a unique strategic position among global banks; and a clear strategy to
create value for shareholders in coming years.”
Strength
Botín said: “Over the last four years of economic crisis, Banco Santander has achieved three
targets that I consider to be as important as the last 20 years of successful growth:
- Our profits have remained stable and we have maintained our remuneration per
share.
- We have significantly strengthened our capital and liquidity. Our core capital ratio
has increased from 6.2% in 2007 to 9.2% today. In addition, we have maintained a
very conservative provisioning policy with more than EUR 30 billion provisions in
the last three years. Our loan-to-deposit ratio has fallen from 159 per cent to 116
per cent.
- Banco Santander has been able to grow during the crisis on three fronts: Through
strategic acquisitions; an organic increase of our market share in Spain, the UK
and in Consumer Finance; and a far greater global awareness of the Banco
Santander brand;
Unique strategic positioning
Regarding the strategic positioning, he highlighted geographic diversification: “Santander is
present in 10 core markets. Five of them are emerging countries (Brazil, Mexico, Chile,
Argentina and Poland), contributing 48% of profit, and another five developed economies
(Spain, U.K., Portugal, Germany and the U.S.), which contribute 52% of profit. This is unique
among global banks. In each of our 10 core markets we target to achieve a market share
above 10% and become one of the top three banks in retail and commercial banking.” He
added that having critical mass in each of these 10 markets, allows Banco Santander to be
efficient and competitive in the local market, consider the potential listing of the subsidiaries
when this creates value to the Group and be an active player in the consolidation of the local
financial sector.
He also spoke about the “culture of prudent risk management and focus on retail and
commercial banking and independent from the business lines. Our risk management model,
policies and practices are global, assuring that we have a complete view of the Group’s risks.
Santander follows a very disciplined risk policy, building strong provisions and reserves to
strengthen our balance sheet. This way we are able to better overcome the business cycles.”
Botín insisted on the strategic and regulatory advantages of having a model of subsidiaries
which are autonomous in funding and capital. “All our subsidiaries manage their own
liquidity without any assistance from the group. We have access to debt capital markets in 10
different countries globally,” he said. Listing subsidiaries has significant strategic and
regulatory advantages. It allows us to have access to capital at group level or at subsidiary; it
makes the shares of our subsidiaries an attractive currency for local acquisitions; increases
valuation visibility of our business units; guarantees the highest level of transparency and
corporate governance, reinforces the Santander brand in the local market and becomes a
significant incentive for local management.
2
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
3. “Santander combines the financial flexibility of subsidiaries with a high degree of integration,
creating significant group synergies and, therefore, higher earnings than what the different
countries would achieve as stand alone banks.” He highlighted that Santander’s efficiency
ratio stood at 43.3% in 2010 “well below the average of our peers, at 59.4%.”
“What makes Santander different are the corporate systems that we roll-out across the Group,
allowing us to achieve cost and revenue synergies; to reinforce Santander’s culture with
special importance on risk management and better control of our operations globally; and
finally, to invest in a more efficient way than our peers. We still have significant potential for
the coming years,” he added.
He also talked about the importance of adopting a single global brand strategy, as well as
the global cooperation with universities, with specific agreements and cooperation projects in
the field of higher education where the bank invested EUR 105 million in 2010.
“As a result, Santander has a higher profitability on capital than its peers. Banco Santander’s
Return on Tangible Equity (ROTE) calculated on recurrent earnings is currently 14.5%,
well above the levels of most of our peers. High profitability is a key competitive advantage
for Banco Santander as it allows us to maintain a dividend payout of around 50 per cent of net
profit in good and in bad times and, at the same time, generate organic capital of a minimum
of 60 basis points per year. Banco Santander has generated EUR 17 billion of organic capital
or more than 300 basis points, during the last four years.”
Strategy to creat value
Botín said: “Mature markets will continue to delever and the world economic recovery will be
gradual, led by emerging markets, with increasing visibility in 2013 and 2014. Market volatility
will remain and regulatory requirements will continue to increase.
In this environment, many of our competitors have recently announced significant changes in
their strategy. Banco Santander will maintain its strategy and business model as we believe
they fit very well with the new regulation and already incorporate the key pillars for a
competitive global bank in the future.”
The Banco Santander Chairman mentioned the main drivers of value creation in the next
three years: organic growth and higher profitability; active portfolio management with a
balanced strategy of acquisitions and disposals; and capital strength.
Regarding organic growth and higher profitability in Santander’s ten core markets, Botín
pointed out the larger contribution to profit of the businesses in Spain driven by lower
provisions and higher margins, especially from 2013 onwards. He added: “We will continue to
deliver strong growth in earnings in emerging markets, which account for 48% of our
earnings. We will gain market share in developed countries like the U.S., the U.K. and
Germany where we are finishing the implementation of our Santander model of technology
and costs and our commercial strategy.”
Regarding Spain, Botín said:: “We have hit bottom and we expect 2012 to be similar to 2011.
From 2013 onwards we expect a gradual normalization of provisions, non-performing loans
and funding costs. I believe that Spain’s contribution to earnings can be the biggest
positive surprise for investors in the coming years. We have real estate provisions well
above the regulatory requirements. We revise our internal models periodically and increase
our provisions if required. In a very conservative scenario, we are expecting to have a similar
3
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
4. provision charge in 2012 than in 2011 and a downward trend from 2013 onwards. We have
enough scale in Spain with two very competitive Banks: Santander and Banesto. Further
consolidation in the sector should allow us to continue gaining market share organically.”
With regard to the U.K., Botín said: “Given the current market environment and regulatory
uncertainty, we do not expect to launch the IPO before 2013. We will launch it when market
conditions are there to create value for the Group.” He also commented on regulation: “There
is a risk that current banking reform initiatives combined with tight global liquidity could
constrain economic growth in the U.K. We need strong banks that can provide credit to
customers at all times.” He pointed out that the acquisition of the RBS branches “will provide
us with critical mass to compete in the Small and Medium Enterprise and Corporate
segments. We are building a full-service clearing bank with a customer-centric model,
combining our strength in risk management and innovation. This will allow us to deliver more
recurrent revenues over the cycle.”
Regarding Brazil, the Banco Santander chairman said: “We have finalized the integration of
two very good banks in Brazil. We expect our business in Brazil to grow driven by the
expansion of our distribution footprint and further development of business partnerships.” As
to other core markets, he pointed out that Portugal will show profits in 2011 and 2012”; that
“we are in the U.S to stay”; and that in Poland “we target a market share of 10 per cent in the
medium term.”
He highlighted the importance of an “active portfolio management with a balanced
strategy of acquisitions and disposals. Over the last 3 years the value of Banco Santander
acquisitions is roughly the same as the value of our disposals. Both around 14 billion euros.
Very strict acquisition and disposal criteria are more important than ever given the
higher cost of funding and capital. This has been our policy in the past and will continue in
the future.”
He also mentioned the importance of capital. We have a core capital ratio above 9% under
Basel II. Capital strength is a key management principle for Banco Santander. Our organic
capital generation will keep our core capital ratio under Basel III above 9% by 2013 and
getting closer to a 10% ratio, without any capital increase.”
Lastly, Botín reviewed the main conclusions of the Investor Day:
1. “Banco Santander’s business model has proved to be highly robust during the last four
years of financial crisis, due to our focus on commercial banking, our geographical
diversification and our prudent risk culture.”
2. “Banco Santander has a unique strategic position to face the new regulatory and
competitive environment in global financial services. We combine the financial
flexibility of subsidiaries with a well integrated Group with significant synergies. We
combine high-growth markets with strong positions in developed countries.”
3. Banco Santander’s balance sheet is very transparent. Our balance sheet integrity and
resilience in the most adverse scenario is a key pillar of our Group. We have shown,
over the past two days, our limited sovereign risk position and details of our exposure
to real estate in Spain. Neither these two or any other positions could affect in a
material way our results.
4
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
5. 4. “Banco Santander has a clear capital management policy. We do not need to tap our
shareholders to maintain our core capital ratio above the minimum regulatory
requirement, except for our annual voluntary scrip dividend.”
5. “In 2014 we expect to achieve a Return on Equity of 12% to 14% and a Return on
Tangible Equity of 16% to 18% assuming the same perimeter. These objectives are
aligned with a core capital ratio above 9%.and would generate fully diluted EPS
annual growth of around 10% from 2011 to 2014. Therefore, we expect to be able to
increase the remuneration per share from 2013 onwards.”
6. “We are not planning any significant acquisition or divestment in coming years. Our
geographical diversification gives us the right balance.”
Botin ended his speech with a message of confidence regarding the Santander share. “The
current share price of Banco Santander does not reflect our value. Achieving our estimates
should lead to a significant revaluation of Banco Santander´s share price. Together with the
current 10% dividend yield, Santander offers a very attractive potential return. Santander is a
high yield, low risk investment opportunity, he said.
5
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com
6. The heads of Santander’s units in the U.S., Poland and Portugal also presented in the second
session of the Investor Day.
Sovereign Bank (U.S.A)
Sovereign, Santander's fully-owned subsidiary in the U.S. Northeast, has reported that the
initial phase of stabilization in its turnaround, begun when Santander acquired the bank in
January 2009, is on track for a successful completion. According to Sovereign CEO Jorge
Morán, it is the result of a strengthening of the balance sheet as well as improvements in risk
management and cost control systems. The second phase of the turnaround will focus on
rolling out the Group's proprietary IT core banking platform, the development of a broader
product range to help transform Sovereign into a full-service retail and commercial bank that
can leverage Santander's global corporate banking network.
Bank Zachodni WBK (Poland)
Bank Zachodni WBK, Banco Santander’s retail banking arm in Poland, expects to generate
20% annual growth in profit over the next three years and net profit of EUR 480 million by
2013, compared to EUR 246 million in 2010, according to Gerry Byrne, chairman of the
supervisory board. Boosted by growth in each one of the segments (retail, SMEs and
enterprises,) and with an expansion of the Polish economy of around 3% a year, Bank
Zachodni WBK expects to maintain its loans-to-deposits ratio below 100% and its core capital
above 10%, highlighting its financial strength. The Polish bank will leverage Santander’s
technological edge to generate significant revenue growth and economies of scale, as well as
best practices in terms of cost management, enabling the bank to improve its efficiency ratio
to 41%, compared to 48% in 2010, enhancing its profitability.
Santander Totta (Portugal)
Nuno Amado, Santander Totta CEO, said that in a difficult context for the Portuguese banking
system, in view of the economy’s weakness, Santander Totta has outperformed its main
competitors, focusing on commercial banking, maintaining the strategy of strengthening
capital, with a core capital of around 10%, reducing the commercial gap, maintaining the NPL
ratio at the lowest of the sector, and an appropriate liquidity plan.
In retail banking, the strategy will focus on the Private & Premium segment, developing the
Ready productivity project –an important review of the commercial procedures and business
goals- in Enterprises in following a balanced business plan –in terms of commercial gap, with
a focus on transactional services, control on NPLs and a focus on recoveries and maintaining
rigorous cost management.
More information in www.santander.com
6
Comunicación Externa.
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacionbancosantander@gruposantander.com