Banco Santander, S.A. (LSE: BNC, NYSE: SAN; Euronext: SANT; Euronext: SANTA), Also Known As Santander Bank, Is A Bank Founded In 1857 And Headquartered In Santander, Spain. With Nearly 200,000 Employees And 9,019 Branches Worldwide By The End Of 2022, Santander Bank Is The Largest Bank In Spain And The Fourth Largest In Europe.

Business Santander Bank Offers A Wide Range Of Banking Products And Services To Individuals And Companies, Including:

• Deposit Products: Including Demand And Time Deposits
• Mortgages: Including Auto Financing And Personal Credit
• Consumer Finance
• Mobile And Electronic Banking Services
• Corporate Banking, Wealth And Investment Banking Activities
• Design And Manage Mutual Funds And Retirement Funds
• Investment Companies
• Provide Cash Management, Trade Finance And Basic Financing, Custody Services
• Participate In The Sale And Distribution Of Fixed Income And Equities, Interest Rates, And Expansion Products
• Trading And Hedging Exchange Rates And Short-term Money Market Commodities For Wholesale And Retail Clients
• Investment And Hedging Solutions For Stockbroking, Derivatives
• Asset Management Services
• Portfolio Management And Insurance Policies
• Guarantees And Other Possible Liabilities
• Advisory Services
• Collection And Payment Services

History On December 11, 2002, Bank Of America Acquired A 25% Stake In Grupo Financiero Santander Serfin, Mexico's Third Largest Bank, From Santander Bank For $1.60 Billion. In 2010, Santander Bank 2.50 Billion The US Dollar Bought Back The Stake From Bank Of America.

On July 26, 2004, Santander Bank Bought Every Share Of Abbey National PLC, The Sixth Largest Bank In The UK, For 1 Share And 25 Pence. The Transaction Value Is 8.90 Billion Pounds. Abbey National PLC Has An 11% Share Of The UK Mortgage Market And 18 Million Customers, 741 Branches.

On 14 October 2007, A Consortium Of Santander Bank, Fortis And Royal Bank Of Scotland Acquired ABN AMRO For $101 Billion. Santander Bank Acquired ABN AMRO's Italian And Brazilian Operations.

On 16 July 2008, Santander Bank Agreed To Acquire Alliance & Leicester, The Seventh Largest Bank In The UK, For A Total Of £1.26 Billion In All Shares.

On September 29, 2008, Abbey National PLC, A Subsidiary Of Santander Bank, Will Acquire Bradford & Bingley PLC (BB. LN) 's Retail Deposit Business And 197 Branches, 2.70 Million Customers And Deposits Worth £20 Billion For £612 Million.

In 2006, Santander Bank Acquired A 24.9% Stake In Sovereign Bancorp For $3.30 Billion. On October 14, 2008, Santander Bank Acquired A 75.1% Stake In Sovereign Bancorp, The Largest Savings Bank In The United States, For $1.90 Billion Worth Of Shares. According To The Agreement Between The Parties, Each Sovereign Share Will Be Exchanged For 0.2924 American Depositary Receipts (ADRs) Of Santander Bank. Equivalent To $3.81 Per Share. Sovereign Bancorp Inc., Whose Operations Are Concentrated In The Mid-Atlantic And Northeast Regions Of The United States, Has $79 Billion In Assets And 750 Branches.

On November 10, 2008, Santander Bank Issued 1.60 Billion Shares At A Price Of 4.5 Euros Per Share To Raise 7.20 Billion Euros (9.20 Billion Dollars).

On October 7, 2009, Santander Brazil SA, The Brazilian Subsidiary Of Santander Bank, Will Issue 600 Million Units Of New Shares, Accounting For Approximately 17% Of The Total Shares, Priced At R $23.50 And US $13.40 Per Share, Equivalent To The First Public Listing Of The Brazilian Real 14.10 Billion The IPO, Which Valued Banco Santander Brazil At 34.15 Billion Euros. The New Shares Were Listed Simultaneously In Brazil And New York On October 6. American Depositary Receipts Are Scheduled To Begin Trading On The New York Stock Exchange On October 7 And Be Officially Listed On The Brazilian Exchange The Next Day. Each Equity Unit In The Offering Is Equivalent To One American Depositary Share (ADS), Representing 55 Common Shares And 50 Preference Shares.

On November 11, 2009, Santander Bank Acquired The Auto Finance Loan Management Unit Of HSBC Finance For $904 Million And The Loan Balance Of $1 Billion. Santander Bank Bought A Small-scale U.S. Auto Loan Portfolio From Troubled Lenders At A Discount And Integrated It Into Santander Consumer Finance USA.

On July 12, 2010, Santander Bank Acquired 173 Retail Branches Of SEB In Germany For 555 Million Euros To Expand Its Banking Operations In Germany.

On August 3, 2010, Santander Bank's UK Subsidiary (Santander UK) Agreed To Acquire Parts Of Royal Bank Of Scotland In England, Wales And NatWest Bank Scotland For £1.65 Billion, Including £350 Million In Goodwill. The Acquisition Includes 311 Branches Of Royal Bank Of Scotland In England And Wales, 7 Branches Of NatWest And 40 SME Banking Centres, More Than 400 Customer Relationship Managers, 4 Corporate Banking Centres And 3 Private Banking Centres. 1.80 Million Retail Customers, Approximately 244,000 SME Customers And 1,200 Medium-term Corporate Customers, It Will Become The Fourth Largest Bank In The UK Branch Network, And Its Share Of The SME Market Will Also Increase From 3% To 8%.

On June 1, 2011, Santander Bank Acquired 70.36% Of Bank Zachodni WBK, The Third Largest Bank In Poland, From Allied Irish Banks For $3.736 Billion (approximately 2.938 Billion Euros). Under The Agreement, Santander Bank Will Also Acquire Allied Irish Banks' 50% Stake In BZ WBK AIB Asset Management For 150 Million Euros.

On October 28, 2011, Santander Bank's U.S. Consumer Finance Arm Raised $1 Billion In An Investment Vehicle Controlled By Warburg Pincus, KKR And Centerbridge Partners, Which Will Hold 25% Of Santander Consumer USA, Dundon DFS And Santander Own 10% And 65%, Respectively. Santander Consumer USA Has 2,800 Employees And More Than 2 Million Clients, Generating Profits Of $455 Million Last Year.

On November 24, 2011, Santander Bank Sold Its 7.8% Stake In Banco Santander Chile For $1.053 Billion, Reducing The Shareholding Ratio To 67%. Banco Santander Chile Is The Largest Bank In Chile. As Of September 30, 2011, The Bank Had A Capital Of US $43.97 Billion, Of Which Depositors' Deposits Were US $26.733 Billion. The Bank Currently Has 11,700 Employees And 494 Branches In Chile, And Has The Largest Banking Network In Chile. On December 7 Of The Same Year, It Sold Its Stake In Banco Santander Colombia SA To Corpbanca Chile For US $1.20 Billion.

On March 7, 2012, Santander Consumer AG Bank, A Subsidiary Of Santander Bank, Acquired A 20% Stake In Bank Of Beijing Consumer Finance Co., A Consumer Finance Subsidiary Of Bank Of Beijing, For RMB 306 Million (US $48 Million).

On December 11, 2013, The Hongkong And Shanghai Banking Corporation, A Subsidiary Of HSBC Holdings, Has Signed An Agreement To Sell Its 8% Stake 338.72 Million Shares In Bank Of Shanghai To Santander Bank For An Undisclosed Amount. Santander Bank Said It Expected The Total Cost Of The Transaction To Be 470 Million Euros, Equivalent To About 5.05 Billion Hong Kong Dollars.

On June 7, 2017, Santander Bank Acquired Banco Popular Español, Spain's Fifth Largest Bank, For A Nominal Price Of 1 Euros. Santander Bank Will Undertake A Capital Increase Of Approximately 7 Billion Euros To Raise The Funds And Reserves Needed To Strengthen Banco Popular Español's Balance Sheet.

On January 23, 2019, Santander Bank Announced That It Will Close 140 Branches In The UK Due To The Shift Of UK Bank Customers To Digital Platforms, Reducing The Demand For Physical Banking Services. The Decision Involves 1,270 Staff Positions At The Bank.