Banco Santander

Article Abstract:

Banco Santander is the largest bank in Spain, involved in both retail and commercial operations. The bank also holds an 11% stake in First Union and a 10% stake in Royal Bank of Scotland. The bank carried out a rescue of banesto which has seen a recovery in profits. Banco Santander is expanding in Latin America, and this is set to continue. The bank faces greater intensity of competition in the Spanish market and launched current accounts that pay interest which has contributed to this competition.

Company Profile, Banking industry, Spanish

---

Banco Santander

Article Abstract:

Banco Santander is the biggest financial group in Spain and is benefiting from a rise in deposit taking and lending. The bank's commission and fee income rose as mutual fund investments have risen in the first nine months of 1996. There has also been a contribution from strong financial markets. Banesto was rescued by Banco Santander in 1994 and Banesto should start to make a positive contribution from 1997. Overseas earnings are becoming increasingly important for the bank's profits.

---

Banco Santander Central Hispano

Article Abstract:

Banco Santander Central Hispano should benefit from alliances in Europe. The bank is the biggest in Spain, and is carrying out a program to reduce costs. It is also involved in Latin America, where there are some risks.

Banco Santander Central Hispano S.A.

Similar abstracts:

• Abstracts: Pacific Capital Bancorp (SABB). Wells Fargo & Co
• Abstracts: BankAtlantic Bancorp, Inc. UTEK Corporation (UTOB)
• Abstracts: Outlook for health care & pharmaceuticals. U.S. pharmaceutical companies
• Abstracts: Low and Bonar stuck in the wrong packet. Crest offers an improved package. RPC Group
• Abstracts: Pensions innovation deserves applause. Guaranteed, but not for long. Long run performance

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.