Banco Santander, S.A. (Santander Bank) history, company profile (overview) and history video
Banco Santander, S.A. (Santander Bank), known to do their business as Santander Group, is a Spanish multinational retail bank and financial services company headquartered in Santander, Spain.
Santander is a global group providing financial services to all customers: individuals customers, companies, institutions, corporations, private banking, and universities. The Santander Group develops and markets products and services such as retail, corporate, investment and private banking, insurance, asset management, private equity, etc.
HISTORY
Santander Bank was founded on May 15, 1857, when Queen Isabella II of Spain signed a Royal Decree authorizing the incorporation of Banco Santander. The initial purpose of this authorization was to facilitate the trade between the Port of Santander, in northern Spain, and Latin America.
. Throughout Santander’s long history, many banking institutions were integrated into Banco Santander and then rebranded under the Santander name. Some of the most important ones are: Banco Hispano Americano (1900), Banco Español de Crédito (1902), Banco Central (1919), Banco Mercantil (1946), Banco del Hogar Argentino (1960), First National Bank of Puerto Rico (1976), Banco Español-Chile (1982), CC-Bank (1980), Banco Español de Crédito, know as Banesto (1994), Banespa, Serfín and Banco Santiago (2000), Abbey National (2004), Sovereign (2010), Bank Zachodni WBK (2011), Banesto and Banif (2013) and others.
In 2011, it included the Scandinavian SEB group’s retail and commercial banking business in Germany, through Santander Consumer AG.
With more than 195,000 employees, the company operates in 10 main markets where it has high market shares: Spain, Germany, Poland, Portugal, the United Kingdom, Brazil, Mexico, Chile, Argentina, and the United States.
Banco Santander, S.A. is considered one of the world’s largest banking institutions. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.santander.com.
***Video published on YouTube by “Companies History“.