Grupo Santander (Spain)


Grupo Santander is Spain's largest financial group, and now one of the world's top ten. In terms of retail branches, it is the global #1, with more than 14,000 outlets spread across 40 countries. Because of its concentration on retail rather than investment banking, the group successfully sidestepped the credit derivatives crisis which eviscerated so many of its US and European rivals during 2008. Instead, through sure and steady expansion, it has established itself as the largest financial services group in Latin America, and the third largest consumer finance business in Europe. It acquired the UK's Abbey in 2004, and got bigger still in 2007 following completion of the acquisition of ABN Amro's interests in Latin America. The extraordinary turbulence of 2008 provided further acquisition opportunities, establishing Santander as Europe's biggest bank by market value by September. 

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Competitors: See Financial & Insurance Sector for other companies


Subscribers may access the following website links:

Santander website

Abbey Banesto
Santander Banespa Santander Totta
Sovereign Bank Banco Real
Openbank Banif

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