Madrid, Dec. 7, 2011 - Banco Santander has reached an agreement to sell its units in Colombia to CorpBanca of Chile for US$ 1.225 billion, or about EUR 910 million. This transaction will generate capital gains of EUR 615 million for Grupo Santander, which will be used to strengthen the balance sheet. The businesses affected by the transaction (Banco Santander Colombia and other Group subsidiaries in the country) registered profit of $54 million in 2010, accounting for 0.5% of the group’s overall profit.

1. Press Release
Santander sells its Colombian businesses
to CorpBanca of Chile for US$1.225 billion
 The transaction will generate capital gains of EUR 615 million for Grupo Santander,
which will be used to strengthen the balance sheet.
 Colombia in 2010 accounted for 0.5% of Group profit.
Madrid, Dec. 7, 2011 - Banco Santander has reached an agreement to sell its units in
Colombia to CorpBanca of Chile for US$ 1.225 billion, or about EUR 910 million. This
transaction will generate capital gains of EUR 615 million for Grupo Santander, which will be
used to strengthen the balance sheet.
The businesses affected by the transaction (Banco Santander Colombia and other Group
subsidiaries in the country) registered profit of $54 million in 2010, accounting for 0.5% of the
group’s overall profit.
Banco Santander Colombia’s market share is 2.7% in lending and deposits, with about EUR
2.100 billion and EUR 3.200 billion, respectively. It has a staff of about 1,400 and a network of
78 branches.
Banco Santander Chairman Emilio Botín said: “Our market share in retail and commercial
banking in Colombia is far from the 10% we aim for in the countries in which we have a
presence.”
The transaction is expected to close during the first half of 2012 and is subject to obtaining
regulatory approvals and the carrying out of a public offer to minority shareholders, who hold
2.15% of the Colombian bank’s capital.
1
Comunicación Externa.
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