Banco Santander


Banco Santander or Grupo Santander is the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. Banco Santander originated in Santander, Cantabria, Spain. Rcently, Banco Santander moved to gain full control of Bank Zachodni, offering to buy out minority investors in a deal that valued the Polish lender at $5.7bn (£3.5bn).



Banco Santander agreed in September to buy 70.4 per cent of Zachodni from Allied Irish Banks as part of a €2.9bn (£2.4bn) deal. The past year has seen Santander pick up RBS branches in the UK, acquire the retail banking division of Sweden's SEB and buy out of its Mexican division from Bank of America.

The only European Union member to escape recession after the financial meltdown, Poland, has been a hotbed of deal activity in recent months as foreign owners sought to sell assets to raise cash.

Banco Santander founded in 1857. Banco Santander info for 2010:
Revenue : €42.05 billion
Operating income : €23.85 billion
Profit : €8.181 billion
Total assets : €1.218 trillion
Total equity : €80.91 billion
Employees : 178,870
Emilio Botín (Chairman), Alfredo Sáenz Abad (CEO) are the key people in Banco Santander.
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