Santander UK comprises the former Abbey National, Bradford & Bingley and Alliance & Leicester banking businesses, acquired individually by Grupo Santander of Spain between 2004 and 2008, merged and rebranded. The group subsequently acquired the bulk of GE's local consumer finance operations. Aggressive marketing of its services has established Santander as one of the biggest UK retail banks. By the end of 2016, it was just behind Barclays with over 13% of the current account market, according to Gfk/JGFR research, and operated just over 840 branches. Retail banking, including mortgages, credit cards and other loan and savings products, accounts for the majority of operating income, though the group also offers commercial and corporate banking. Other units include private bank Cater Allen and online service Cahoot. Santander replaced Barclays as the main sponsor of London's self-service cycle hire scheme in 2015. Santander was named Best Bank in the UK by Euromoney for three consecutive years from 2008 to 2010, and again in 2012. For 2016, Santander UK reported gross income of almost £4.8bn, and net profit of £1.3bn. It is the Santander group's single biggest subsidiary, ahead of both Brazil and Spain. Ana Botin, daughter of Santander Group's longtime leader Emilio Botin, led the UK business for four years before becoming group CEO in 2014. Nathan Bostock is now UK CEO. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
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Capsule checked 1st November 2017
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