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Banco Santander: Spanish Mega-Bank

October 8, 2015

Banco Santander S.A. was founded in 1857 and is based in Madrid, Spain. It was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander S.A. in June 2007. The bank operates through 12,951 branches worldwide.

Banco Santander offers various banking products and services to individuals and corporations. The bank offers various deposit products, such as demand and time deposits; mortgages, auto finance, and personal credits; consumer finance; and mobile banking and electronic banking services. It also engages in corporate banking, treasury, and investment banking activities; designs and manages mutual and pension funds; invests in companies and offers cash management, trade finance and basic financing, and custody services.

Aside from this the bank is involved in the sale and distribution of fixed income and equities and derivatives for investment, and hedging solutions, as well as provision of asset management services and insurance policies. Further, the company offers asset management services; manages portfolios, and insurance policies; and guarantees and other contingent liabilities, advisory services as well as collection and payment services.

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