MIRA
INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BANCO SANTANDER, S.A. |
|
|
|
|
Formerly Known As : |
Banco Santander Central Hispano |
|
|
|
|
Registered Office : |
Avda. De Cantabria s/n, Boadilla
Del Monte, 28660 |
|
|
|
|
Country : |
Spain |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.05.1857 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
Subject engaged in the retail banking |
|
|
|
|
No. of Employees : |
188146 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Spain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
spain - ECONOMIC OVERVIEW
spain's mixed capitalist economy is the 13th largest
in the world, and its per capita income roughly matches that of Germany and
France. However, after almost 15 years of above average GDP growth, the Spanish
economy began to slow in late 2007 and entered into a recession in the second
quarter of 2008. GDP contracted by 3.7% in 2009, ending a 16-year growth trend,
and by another 0.1% in 2010, before turning positive in 2011, making Spain the
last major economy to emerge from the global recession. The reversal in
Spain''s economic growth reflected a significant decline in construction amid
an oversupply of housing and falling consumer spending, while exports actually
have begun to grow. Government efforts to boost the economy through stimulus
spending, extended unemployment benefits, and loan guarantees did not prevent a
sharp rise in the unemployment rate, which rose from a low of about 8% in 2007
to over 20% in 2011. The government budget deficit worsened from 3.8% of GDP in
2008 to 9.2% of GDP in 2010, more than three times the euro-zone limit. Madrid
cut the deficit to 8.5% of GDP in 2011, a larger deficit than the 6% target
negotiated between Spain and the EU. Spain''s large budget deficit and poor
economic growth prospects have made it vulnerable to financial contagion from
other highly-indebted euro zone members despite the government''s efforts to
cut spending, privatize industries, and boost competitiveness through labor
market reforms. Spanish banks'' high exposure to the collapsed domestic
construction and real estate market also poses a continued risk for the sector.
The government oversaw a restructuring of the savings bank sector in 2010, and
provided some $15 billion in capital to various institutions. Investors remain
concerned that Madrid may need to bail out more troubled banks. The Bank of
Spain, however, is seeking to boost confidence in the financial sector by
pressuring banks to come clean about their losses and consolidate into stronger
groups.
|
Source : CIA |
Company name & address
Banco Santander, S.A.
Avda. De Cantabria s/n
Boadilla Del Monte, 28660
Spain
Tel: 34-912-890000
Fax: 34-912-541038
Web: www.santander.com
Synthesis
Employees: 188,146
Company Type: Public Parent
Corporate Family: 1037 Companies
Traded: Mercado Continuo Espana: SAN
New York Stock Exchange: SAN
Incorporation Date: 15-May-1857
Auditor: Deloitte SL
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Euro
Annual Sales: 66,911.4 1
Net Income: 7,440.3
Total Assets: 1,624,668.4 2
Market Value: 77,194.1 (23-Nov-2012)
Business Description
Banco Santander SA
(Santander) is a Spain-based financial institution primarily engaged in the
retail banking. The Company operates principally in Spain, the United Kingdom,
Portugal, the Latin American countries and the United States. It operates in
four segments: Continental Europe, the United Kingdom, Latin America and
Sovereign. Continental Europe segment covers all retail banking business,
wholesale banking and asset management and insurance conducted in Europe, with
the exception of the United Kingdom, under such names as Santander Totta,
Santander Consumer Bank and Bank Zachodni WBK, among others. The United Kingdom
includes retail and wholesale banking, asset management and insurance. Latin
America includes the specialized units in Santander Private Banking, as an
independent globally managed unit. Sovereign includes all the financial
activities of its subsidiary Sovereign Bank in the United States, which
includes retail and wholesale banking, asset management and insurance. For the
nine months ended 30 September 2012, Banco Santander, S.A. interest income
increased 7% to EUR22.99B. Net interest income after loan loss provision
decreased 6% to EUR13.46B. Net income before extraordinary items decreased 20%
to EUR4.25B. Net interest income after loan loss provision reflects Retail
Banking segment decrease of 9% to EUR13.51B, Asset Management and Insurance
segment decrease of 61% to EUR85M.
Industry
Industry Commercial Banks
ANZSIC 2006: 6221 - Banking
NACE 2002: 6512 - Other
monetary intermediation
NAICS 2002: 52211 - Commercial
Banking
UK SIC 2003: 65121 - Banks
UK SIC 2007: 64191 - Banks
US SIC 1987: 6029 - Commercial
Banks, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Alfredo Saenz Abad |
Chief Executive Officer, Second Vice Chairman, Executive Director |
|
Jose Antonio Alvarez Alvarez |
Executive Vice President of Financial Management and Investor
Relations |
|
Juan Manuel Cendoya Mendez de Vigo |
Executive Vice President of Communication, Corporate Marketing and
Research |
|
Ignacio Benjumea Cabeza de Vaca |
Executive Vice President, General Secretary, Non-Member Secretary of
the Board |
|
Enrique Garcia Candelas |
Executive Vice President of Retail Banking Network in Spain |
Significant Developments
|
* number of
significant developments within the last 12 months
news
|
Title |
Date |
|
The Morning Call (Allentown, Pa.) Watchdog
column Morning Call (Allentown, PA) (1060 Words) |
9-Dec-2012 |
|
BLUE PLANET INTERNATIONAL FINANCIALS
INVESTMENT TRUST PLC - Half-yearly Report |
7-Dec-2012 |
|
Half-yearly Report |
7-Dec-2012 |
|
Sovereign-Santander Teams with Scuderia
Ferrari Driver Fernando Alonso to Raise Funds for Hurricane Sandy Victims |
6-Dec-2012 |
|
Musical fundraiser to mark Tracey's 40th |
6-Dec-2012 |
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Avda. De Cantabria s/n
Boadilla Del Monte, 28660
Spain
Tel: 34-912-890000
Fax: 34-912-541038
Web: www.santander.com
Quote Symbol - Exchange
SAN - Mercado
Continuo Espana
Sales EUR(mil): 48,122.0
Assets EUR(mil): 1,251,526.0
Employees: 188,146
Fiscal Year End: 31-Dec-2011
Industry: Commercial Banks
Incorporation Date: 15-May-1857
Company Type: Public Parent
Quoted Status: Quoted
Previous Name: Banco Santander Central Hispano
Chief Executive
Officer, Second Vice Chairman, Executive Director:
Alfredo Saenz Abad
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Employment Opportunities
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Shareholders
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6221 - Banking
6411 - Financial Asset Broking Services
6229 - Other Depository Financial Intermediation
6419 - Other Auxiliary Finance and Investment Services
6230 - Non-Depository Financing
6321 - Health Insurance
6330 - Superannuation Funds
6240 - Financial Asset Investing
6322 - General Insurance
6310 - Life Insurance
NACE 2002 Codes:
6512 - Other monetary intermediation
6713 - Activities auxiliary to financial intermediation not
elsewhere classified
6712 - Security broking and fund management
6602 - Pension funding
6522 - Other credit granting
6603 - Non-life insurance
6601 - Life insurance
6523 - Other financial intermediation not elsewhere classified
NAICS 2002 Codes:
52211 - Commercial Banking
525110 - Pension Funds
522291 - Consumer Lending
551111 - Offices of Bank Holding Companies
522320 - Financial Transactions Processing, Reserve, and
Clearinghouse Activities
524126 - Direct Property and Casualty Insurance Carriers
522310 - Mortgage and Nonmortgage Loan Brokers
524113 - Direct Life Insurance Carriers
523110 - Investment Banking and Securities Dealing
524114 - Direct Health and Medical Insurance Carriers
US SIC 1987:
6029 - Commercial Banks, Not Elsewhere Classified
6371 - Pension, Health, and Welfare Funds
6331 - Fire, Marine, and Casualty Insurance
6321 - Accident and Health Insurance
6211 - Security Brokers, Dealers, and Flotation Companies
6099 - Functions Related to Depository Banking, Not Elsewhere
Classified
6712 - Offices of Bank Holding Companies
6311 - Life Insurance
6163 - Loan Brokers
6141 - Personal Credit Institutions
UK SIC 2003:
65121 - Banks
6713 - Activities auxiliary to financial intermediation not
elsewhere classified
66031 - Non-life insurance
6522 - Other credit granting
6712 - Security broking and fund management
6602 - Pension funding
65234 - Activities of bank holding companies
6601 - Life insurance
UK SIC 2007:
64191 - Banks
6619 - Other activities auxiliary to financial services, except
insurance and pension funding
64205 - Activities of financial services holding companies
6492 - Other credit granting
6612 - Security and commodity contracts brokerage
6511 - Life insurance
6530 - Pension funding
6512 - Non-life insurance
Business
Description
Banco Santander,
S.A. (Santander), incorporated on January 14, 1875, is the Parent bank of Grupo
Santander. Santander is a financial group operating principally in Spain, the
United Kingdom, Portugal, other European countries, Brazil and other Latin
American countries and the United States, offering a range of financial
products. It operates in four segments: Continental Europe, United Kingdom,
Latin America and Sovereign. Continental Europe segment covers all retail
banking business (including Banco Banif, S.A. (Banif), its specialized private
bank), wholesale banking and asset management and insurance conducted in
Europe, with the exception of the United Kingdom. This segment includes the
units, such as the Santander Branch Network, Banco Espanol de Credito, S.A.
(Banesto), Santander Consumer Finance (including Santander Consumer USA) and Portugal.
United Kingdom includes retail and wholesale banking, asset management and
insurance conducted by the various units and branches of the Company in the
United Kingdom. Latin America includes the specialized units in Santander
Private Banking, as an independent globally managed unit. Sovereign includes
all the financial activities of Sovereign, including retail and wholesale
banking, asset management and insurance. On March 10, 2010, Santander Private
Banking UK Limited completed the sale of James Hay Holdings Limited (including
its five subsidiaries).
Continental Europe
Continental Europe
area covers the banking activities of the different networks and specialized
units in Europe, principally with individual clients and small and medium-sized
enterprises (SMEs), as well as private and public institutions. As of December
31, 2010, there were four main units within this area: the Santander Branch
Network, Banesto, Santander Consumer Finance and Portugal including retail
banking, global wholesale banking and asset management and insurance. During
2010, it accounted for 39.3% of total customer funds under management, 44.9% of
total loans and credits and 35.0% of profit attributed to the Parent bank of
the Company’s main business areas. Its retail banking activity in Spain is
carried out mainly through the branch network of Santander, with support from
an increasing number of automated cash dispensers, savings books updaters,
telephone banking services, electronic and Internet banking. As of December 31,
2010, the Company had 2,931 branches. As of December 31, 2010, Banesto had
1,762 branches.
The Company’s
consumer financing activities are conducted through its subsidiary Santander
Consumer Finance and its group of companies. Most of the activity of Santander
Consumer Finance relates to auto financing, personal loans, credit cards,
insurance and customer deposits. These consumer financing activities are mainly
focused on Germany, Spain, Italy, Norway, Poland, Finland, Sweden, the United
States and the United Kingdom. The Company also conducts business in Portugal,
Austria and the Netherlands, among others. As of December 31, 2010, the unit
had 519 branches. Its main Portuguese retail and investment banking operations
are conducted by Banco Santander Totta, S.A. (Santander Totta). As of December
31, 2010, Portugal operated 759 branches.
United Kingdom
The Company’s
United Kingdom businesses include Abbey, the deposits and branches of Bradford
& Bingley and Alliance & Leicester. Santander UK is a financial
services provider in the United Kingdom. It also provides residential mortgage.
Santander UK also provides a range of retail savings accounts, and operates
across the full range of personal financial services. As of December 31, 2010,
the Company had 1,416 branches.
Latin America
The Company’s
Latin American banking business is principally conducted by the banking
subsidiaries, such as Banco Santander (Brasil), S.A., Banco Santander Chile,
Banco Santander (Mexico), S.A., Institucion de Banca Multiple, Grupo Financiero
Santander, Banco Santander Rio, S.A. (Argentina), Banco Santander, S.A. (Uruguay),
Banco Santander Colombia, S.A., Banco Santander Puerto Rico and Banco Santander
Peru, S.A. The Company engages in a full range of retail banking activities in
Latin America. As of December 31, 2009, it had 5,882 offices. The Company is
focused on credit risk management, selective growth in lending, preserving
adequate levels of liquidity, strengthening transactional businesses and, in
particular, containing costs.
Sovereign
Sovereign’s
operations are conducted solely in the United States. At December 31, 2010,
Sovereign had 721 branches, 2,337 automated teller machines (ATMs)
More Business Descriptions
Banco Santander SA
(Santander) is a Spain-based financial institution primarily engaged in the
retail banking. The Company operates principally in Spain, the United Kingdom,
Portugal, the Latin American countries and the United States. It operates in
four segments: Continental Europe, the United Kingdom, Latin America and
Sovereign. Continental Europe segment covers all retail banking business, wholesale
banking and asset management and insurance conducted in Europe, with the
exception of the United Kingdom, under such names as Santander Totta, Santander
Consumer Bank and Bank Zachodni WBK, among others. The United Kingdom includes
retail and wholesale banking, asset management and insurance. Latin America
includes the specialized units in Santander Private Banking, as an independent
globally managed unit. Sovereign includes all the financial activities of its
subsidiary Sovereign Bank in the United States, which includes retail and
wholesale banking, asset management and insurance. For the nine months ended 30
September 2012, Banco Santander, S.A. interest income increased 7% to
EUR22.99B. Net interest income after loan loss provision decreased 6% to EUR13.46B.
Net income before extraordinary items decreased 20% to EUR4.25B. Net interest
income after loan loss provision reflects Retail Banking segment decrease of 9%
to EUR13.51B, Asset Management and Insurance segment decrease of 61% to EUR85M.
Multi-service
banking group with interests in Spain, rest of Europe, USA and Latin America
Bank Holding
Company
Commercial Banking
Brand/Trade Names
Santander
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Corporate Family |
Corporate
Structure News: |
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Banco
Santander, S.A. |
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Banco Santander, S.A. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Boadilla Del Monte |
Spain |
Commercial Banks |
66,911.4 |
188,146 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
8,480.6 |
25,000 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Commercial Banks |
7,279 |
||
|
Subsidiary |
London |
United Kingdom |
Insurance (Life) |
0.1 |
2,000 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Consumer Financial Services |
450 |
||
|
Subsidiary |
Manchester |
United Kingdom |
Consumer Financial Services |
300 |
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|||
|
Subsidiary |
Leicester |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
3,000 |
||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
1,500 |
||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
1,151 |
||
|
Subsidiary |
London |
United Kingdom |
Insurance (Accident and Health) |
1,000 |
||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
679 |
||
|
Subsidiary |
Stamford, CT |
United States |
Investment Services |
3.7 |
34 |
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Waste Management Services |
16.2 |
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Business Services |
209.2 |
||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Redhill |
United Kingdom |
Consumer Financial Services |
479.9 |
502 |
|
|
Subsidiary |
London |
United Kingdom |
Rental and Leasing |
141.9 |
115 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
17 |
||
|
Subsidiary |
Leicester |
United Kingdom |
Consumer Financial Services |
131.7 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
11.7 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
8.2 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
3.9 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
3.9 |
||
|
Subsidiary |
London |
United Kingdom |
Business Services |
3.8 |
||
|
Subsidiary |
Glasgow |
United Kingdom |
Business Services |
2.3 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
1.0 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
1.0 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
0.6 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
0.5 |
||
|
Subsidiary |
United Kingdom |
Consumer Financial Services |
0.3 |
|||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
0.1 |
||
|
Subsidiary |
London |
United Kingdom |
Rental and Leasing |
0.1 |
||
|
Subsidiary |
United Kingdom |
Consumer Financial Services |
0.1 |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
0.0 |
||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
0.0 |
||
|
Subsidiary |
London |
United Kingdom |
Rental and Leasing |
0.0 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
0.0 |
||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
|||
|
Subsidiary |
London |
United Kingdom |
Rental and Leasing |
|||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
|||
|
Affiliates |
London |
United Kingdom |
Commercial Banks |
254.3 |
51 |
|
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
49 |
||
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
10 |
||
|
Subsidiary |
London |
United Kingdom |
Business Services |
0.2 |
2 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
7.0 |
||
|
Affiliates |
London |
United Kingdom |
Personal Services |
6.5 |
||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
5.3 |
||
|
Alliance
& Leicester Estate Agents (Mortgage & Finance) Ltd. |
Subsidiary |
London |
United Kingdom |
Miscellaneous Financial Services |
0.1 |
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
0.1 |
||
|
Subsidiary |
Leicester |
United Kingdom |
Business Services |
0.1 |
||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
0.0 |
||
|
Subsidiary |
Birmingham |
United Kingdom |
Investment Services |
0.0 |
||
|
Subsidiary |
Redhill |
United Kingdom |
Consumer Financial Services |
0.0 |
||
|
Subsidiary |
Leicester |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Worthing |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Rental and Leasing |
|||
|
Subsidiary |
London |
United Kingdom |
Insurance (Life) |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Construction Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Leicester |
United Kingdom |
||||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Subsidiary |
Bradford |
United Kingdom |
Commercial Banks |
100 |
||
|
Subsidiary |
Billericay |
United Kingdom |
Investment Services |
3.5 |
34 |
|
|
Subsidiary |
Billericay |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Printing Services |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Subsidiary |
London |
United Kingdom |
Real Estate Operations |
|||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Construction Services |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Affiliates |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
60.7 |
||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
48.2 |
||
|
Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
32.9 |
||
|
Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
18.2 |
||
|
Subsidiary |
Derby |
United Kingdom |
Consumer Financial Services |
|||
|
Subsidiary |
||||||
|
Subsidiary |
London |
United Kingdom |
Consumer Financial Services |
|||
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
||||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Jersey |
United Kingdom |
||||
|
Subsidiary |
||||||
|
Subsidiary |
London |
United Kingdom |
Business Services |
|||
|
Affiliates |
Casablanca |
Morocco |
Commercial Banks |
2,566.3 |
14,861 |
|
|
Subsidiary |
Dakar |
Senegal |
Commercial Banks |
1,060 |
||
|
Subsidiary |
Douala |
Cameroon |
Commercial Banks |
520 |
||
|
Subsidiary |
Casablanca |
Morocco |
Insurance (Life) |
794.8 |
452 |
|
|
Subsidiary |
Abidjan |
Cote d'Ivoire |
Commercial Banks |
400 |
||
|
Subsidiary |
Libreville |
Gabon |
Commercial Banks |
260 |
||
|
Subsidiary |
Bamako |
Mali |
Commercial Banks |
210 |
||
|
Subsidiary |
Dakar |
Senegal |
Commercial Banks |
155 |
||
|
Subsidiary |
Brazzaville |
Congo |
Commercial Banks |
150 |
||
|
Subsidiary |
Paris |
France |
Commercial Banks |
149 |
||
|
Subsidiary |
Nouakchott |
Mauritania |
Commercial Banks |
20 |
||
|
Subsidiary |
Casablanca |
Morocco |
Consumer Financial Services |
|||
|
Subsidiary |
Casablanca |
Morocco |
Consumer Financial Services |
|||
|
Subsidiary |
London |
United Kingdom |
11,857 |
|||
|
Subsidiary |
Mexico D.F. |
Mexico |
Commercial Banks |
3,401.4 |
11,853 |
|
|
Subsidiary |
México, D.F. |
Mexico |
Investment Services |
1,200 |
||
|
Fondo
Santander S4, S.A. De C.V., Sociedad De Inversión De Renta Variable. |
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Miscellaneous Financial Services |
1.4 |
|
|
Gestión
Santander, S.A. De C.V., Sociedad Operadora De Sociedades De Inversión, Gpo.
Fin. |
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Miscellaneous Financial Services |
149.8 |
150 |
|
Subsidiary |
México, D.F. |
Mexico |
Insurance (Property and Casualty) |
|||
|
Subsidiary |
Mexico |
Mexico |
Commercial Banks |
|||
|
Subsidiary |
Santiago |
Chile |
Commercial Banks |
2,785.7 |
11,706 |
|
|
Subsidiary |
Boadilla del Monte, Madrid |
Spain |
Consumer Financial Services |
10,427 |
||
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Investment Services |
5,000 |
||
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
32.7 |
596 |
|
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Investment Services |
100 |
||
|
Santander
Consumer Finance Penzugyi Vallalkozas Zartkoruen Mukodo Reszvenytarsasag |
Subsidiary |
Budapest |
Hungary |
Consumer Financial Services |
49 |
|
|
Subsidiary |
Praha 1 |
Czech Republic |
Consumer Financial Services |
37.4 |
||
|
Subsidiary |
Wroclaw |
Poland |
Consumer Financial Services |
2,513 |
||
|
Subsidiary |
Poznan |
Poland |
Business Services |
0.1 |
||
|
Subsidiary |
Fort Worth, TX |
United States |
Consumer Financial Services |
820 |
||
|
Subsidiary |
Torino, Torino |
Italy |
Commercial Banks |
676 |
||
|
Subsidiary |
Lisboa |
Portugal |
Consumer Financial Services |
190 |
||
|
Subsidiary |
Castel Maggiore, Bologna |
Italy |
Investment Services |
42 |
||
|
Subsidiary |
Wroclaw |
Poland |
Commercial Banks |
1,293.4 |
8,867 |
|
|
Subsidiary |
Poznan |
Poland |
Real Estate Operations |
100 |
||
|
Subsidiary |
Poznan |
Poland |
Investment Services |
100 |
||
|
Subsidiary |
Poznan, Klecko |
Poland |
Investment Services |
20 |
||
|
Subsidiary |
Poznan |
Poland |
Investment Services |
0.1 |
||
|
Subsidiary |
Warszawa |
Poland |
Consumer Financial Services |
6.9 |
90 |
|
|
Subsidiary |
Poznan |
Poland |
Consumer Financial Services |
3.7 |
80 |
|
|
Subsidiary |
Poznan |
Poland |
Investment Services |
|||
|
Subsidiary |
Santiago, Santiago |
Chile |
Investment Services |
10.0 |
8,554 |
|
|
Subsidiary |
Madrid |
Spain |
Commercial Banks |
4,984.1 |
8,303 |
|
|
Subsidiary |
Madrid |
Spain |
Healthcare Facilities |
12.4 |
238 |
|
|
Subsidiary |
Madrid |
Spain |
Computer Hardware |
19.8 |
90 |
|
|
Subsidiary |
Madrid |
Spain |
Rental and Leasing |
85.2 |
13 |
|
|
Subsidiary |
Madrid |
Spain |
Personal Services |
18.1 |
9 |
|
|
Subsidiary |
Madrid |
Spain |
Investment Services |
10.0 |
||
|
Subsidiary |
Boston, MA |
United States |
Commercial Banks |
7,531 |
||
|
Holding |
Wyomissing, PA |
United States |
S&Ls/Savings Banks |
100 |
||
|
Subsidiary |
Nantucket, MA |
United States |
Commercial Banks |
60 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
35 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
30 |
||
|
Branch |
Bronx, NY |
United States |
Commercial Banks |
23 |
||
|
Branch |
Flushing, NY |
United States |
Commercial Banks |
15 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
15 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
13 |
||
|
Branch |
Flushing, NY |
United States |
Commercial Banks |
12 |
||
|
Branch |
Flushing, NY |
United States |
Commercial Banks |
10 |
||
|
Branch |
Flushing, NY |
United States |
Commercial Banks |
10 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
9 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
9 |
||
|
Branch |
Manhasset, NY |
United States |
Commercial Banks |
8 |
||
|
Branch |
Brooklyn, NY |
United States |
Commercial Banks |
8 |
||
|
Branch |
Long Island City, NY |
United States |
Commercial Banks |
7 |
||
|
Branch |
Long Island City, NY |
United States |
Commercial Banks |
7 |
||
|
Branch |
Flushing, NY |
United States |
Commercial Banks |
5 |
||
|
Branch |
Carver, MA |
United States |
Commercial Banks |
5 |
||
|
Branch |
Long Island City, NY |
United States |
Commercial Banks |
5 |
||
|
Subsidiary |
Caracas, Distrito Capital |
Venezuela |
Commercial Banks |
6,575 |
||
|
Subsidiary |
Caracas |
Venezuela |
Real Estate Operations |
|||
|
Subsidiary |
Lisboa |
Portugal |
Commercial Banks |
5,774 |
||
|
Totta Urbe
- Empresa De Administração E Construções, S.A. |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Business Services |
1.5 |
1 |
|
Branch |
Luanda |
Angola |
Commercial Banks |
|||
|
Subsidiary |
Buenos Aires |
Argentina |
Commercial Banks |
1,330.5 |
4,770 |
|
|
Subsidiary |
Warszawa |
Poland |
Commercial Banks |
567.9 |
4,708 |
|
|
Subsidiary |
Warszawa |
Poland |
Business Services |
530 |
||
|
Subsidiary |
Buenos Aires |
Argentina |
Commercial Banks |
4,640 |
||
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Commercial Banks |
3,814 |
||
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Consumer Financial Services |
|||
|
Subsidiary |
Monchengladbach |
Germany |
Consumer Financial Services |
2,080 |
||
|
Subsidiary |
Guaynabo, PR |
United States |
Commercial Banks |
1,764 |
||
|
Subsidiary |
Guaynabo, PR |
United States |
Investment Services |
150 |
||
|
Subsidiary |
Rio Piedras, PR |
United States |
Consumer Financial Services |
93.7 |
100 |
|
|
Subsidiary |
Las Rozas De Madrid, Madrid |
Spain |
Business Services |
165.4 |
1,562 |
|
|
Subsidiary |
Bradford |
United Kingdom |
Commercial Banks |
213.8 |
3,157 |
|
|
Subsidiary |
Gdynia |
Poland |
Miscellaneous Capital Goods |
11.2 |
25 |
|
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Software and Programming |
909.7 |
1,504 |
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Computer Services |
239.4 |
610 |
|
|
Branch |
New York, NY |
United States |
Software and Programming |
15 |
||
|
Subsidiary |
Madrid |
Spain |
Computer Services |
1,177.8 |
1,483 |
|
|
Subsidiary |
Lisbon |
Portugal |
Commercial Banks |
1,287 |
||
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Commercial Banks |
694.8 |
1,070 |
|
|
Subsidiary |
San Juan |
Puerto Rico |
Commercial Banks |
1,060 |
||
|
Subsidiary |
Madrid |
Spain |
Commercial Banks |
548 |
||
|
Affiliates |
La Florida, Madrid |
Spain |
Communications Services |
2,102.8 |
500 |
|
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
500 |
||
|
Branch |
Miami, FL |
United States |
Commercial Banks |
500 |
||
|
Union De
Creditos Inmobiliarios Sa Establecimiento Financiero De Credito |
Subsidiary |
Madrid, Madrid |
Spain |
Consumer Financial Services |
30.2 |
400 |
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
315 |
||
|
Subsidiary |
Prague |
Czech Republic |
Advertising |
301 |
||
|
Subsidiary |
Lysaker |
Norway |
Commercial Banks |
284.9 |
300 |
|
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Real Estate Operations |
257.1 |
286 |
|
|
Subsidiary |
Montevideo |
Uruguay |
Commercial Banks |
250 |
||
|
Subsidiary |
Montevideo, Montevideo |
Uruguay |
Miscellaneous Financial Services |
220 |
||
|
Subsidiary |
Boadilla del Monte |
Spain |
Miscellaneous Transportation |
200 |
||
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Security Systems and Services |
14.4 |
193 |
|
|
Subsidiary |
Alcobendas, Madrid |
Spain |
Investment Services |
181 |
||
|
Subsidiary |
Milano |
Italy |
Commercial Banks |
159 |
||
|
Subsidiary |
Milan |
Italy |
Business Services |
1.0 |
400 |
|
|
Subsidiary |
Rome |
Italy |
Business Services |
100 |
||
|
Affiliates |
Milan |
Italy |
Commercial Banks |
45 |
||
|
Subsidiary |
Milan |
Italy |
Business Services |
40 |
||
|
Subsidiary |
Milano, Milano |
Italy |
Miscellaneous Financial Services |
7 |
||
|
Subsidiary |
Bergamo, Bergamo |
Italy |
Investment Services |
1.9 |
10 |
|
|
Subsidiary |
Bergamo, Bergamo |
Italy |
Retail (Apparel) |
49.8 |
265 |
|
|
Subsidiary |
San Pietro In Cerro, Piacenza |
Italy |
Crops |
0.7 |
9 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Personal Services |
31.9 |
91 |
|
|
Affiliates |
Rome |
Italy |
Miscellaneous Financial Services |
1.5 |
3 |
|
|
Subsidiary |
Milan |
Italy |
Investment Services |
|||
|
Subsidiary |
Geneva |
Switzerland |
Commercial Banks |
150 |
||
|
Subsidiary |
Santander, Cantabria (Santander) |
Spain |
Commercial Banks |
150 |
||
|
Subsidiary |
Milano, Milano |
Italy |
138 |
|||
|
Branch |
Central District, Hong Kong |
Hong Kong |
Commercial Banks |
20 |
||
|
Branch |
Caracas, Distrito Federal |
Venezuela |
Commercial Banks |
|||
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Investment Services |
19.5 |
105 |
|
|
Subsidiary |
Boadilla del Monte, Madrid |
Spain |
Commercial Banks |
103 |
||
|
Subsidiary |
Lisbon |
Portugal |
Commercial Banks |
2.5 |
100 |
|
|
Affiliates |
Alcobendas, Madrid |
Spain |
Medical Equipment and Supplies |
34.2 |
92 |
|
|
Subsidiary |
Toledo |
Spain |
Healthcare Facilities |
13.9 |
159 |
|
|
Subsidiary |
Mem Martins, Sintra |
Portugal |
Retail (Specialty) |
11.2 |
31 |
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Insurance (Accident and Health) |
81 |
||
|
Subsidiary |
Pozuelo De Alarcon, Madrid |
Spain |
Miscellaneous Financial Services |
18.4 |
76 |
|
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Investment Services |
5.5 |
75 |
|
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Commercial Banks |
195.3 |
4 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Commercial Banks |
1,795.3 |
4,355 |
|
|
Subsidiary |
Ciudad De Buenos Aires |
Argentina |
Business Services |
68.1 |
470 |
|
|
Subsidiary |
Madrid |
Spain |
Chemicals - Plastics and Rubber |
37.3 |
64 |
|
|
Subsidiary |
Madrid |
Spain |
Business Services |
5.9 |
8 |
|
|
Subsidiary |
Asuncion |
Paraguay |
Investment Services |
64 |
||
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Real Estate Operations |
206.5 |
60 |
|
|
Subsidiary |
San Isidro |
Peru |
Commercial Banks |
20.6 |
52 |
|
|
Subsidiary |
Paris |
France |
Miscellaneous Financial Services |
50 |
||
|
Santander
Asset Management - Sociedade Gestora De Fundos De Investimento Mobiliário,
S.A. |
Subsidiary |
Lisboa, Lisboa |
Portugal |
Consumer Financial Services |
2.5 |
42 |
|
Affiliates |
Santiago |
Chile |
Miscellaneous Financial Services |
340.2 |
33 |
|
|
Subsidiary |
Madrid |
Spain |
Consumer Financial Services |
1.6 |
25 |
|
|
Subsidiary |
Saint Peter Port |
Commercial Banks |
24 |
|||
|
Subsidiary |
Mönchengladbach, Nordrhein-Westfalen |
Germany |
Rental and Leasing |
20 |
||
|
Subsidiary |
Bruxelles, Bruxelles-Capitale |
Belgium |
Commercial Banks |
20 |
||
|
Subsidiary |
Madrid |
Spain |
Real Estate Operations |
4.2 |
16 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Commercial Banks |
15 |
||
|
Subsidiary |
Geneva |
Switzerland |
Investment Services |
15 |
||
|
Subsidiary |
Bruxelles |
Belgium |
Commercial Banks |
14 |
||
|
Santander
De Titulizacion Sociedad Gestora De Fondos De Titulizacion Sa |
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Investment Services |
13.9 |
13 |
|
Subsidiary |
Lima, Lima |
Peru |
Investment Services |
22.5 |
12 |
|
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Recreational Activities |
10.6 |
8 |
|
|
Subsidiary |
San Juan, PR |
United States |
Commercial Banks |
8 |
||
|
Subsidiary |
Newark, NJ |
United States |
Consumer Financial Services |
2.5 |
6 |
|
|
Subsidiary |
Quito |
Ecuador |
Commercial Banks |
6 |
||
|
Subsidiary |
Dublin |
Ireland |
Business Services |
5.4 |
5 |
|
|
Subsidiary |
Ciudad de Panamá |
Panama |
Commercial Banks |
5 |
||
|
Subsidiary |
Panama |
Panama |
Commercial Banks |
5 |
||
|
Subsidiary |
San Juan, PR |
United States |
Commercial Banks |
4 |
||
|
Subsidiary |
Hatboro, PA |
United States |
Investment Services |
0.4 |
3 |
|
|
Branch |
Luxembourg |
Luxembourg |
Miscellaneous Financial Services |
0.1 |
2 |
|
|
Subsidiary |
Madrid |
Spain |
Commercial Banks |
2 |
||
|
Subsidiary |
Boadilla Del Monte, Madrid |
Spain |
Miscellaneous Capital Goods |
15.7 |
1 |
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
219.6 |
182 |
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Mexico, D.F. |
Mexico |
Commercial Banks |
|||
|
Subsidiary |
Cuautitlán Izcalli, Estado de México |
Mexico |
Electronic Instruments and Controls |
20.0 |
2,000 |
|
|
Santander
Hipotecario, S.A. De C.V., Sofom, E.R., Gpo. Fin. Santander |
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Consumer Financial Services |
1,000 |
|
|
Branch |
Acapulco, Guerrero |
Mexico |
Hotels and Motels |
|||
|
Branch |
Mexico City, Distrito Federal |
Mexico |
Public Sector and Government |
|||
|
Subsidiary |
Funchal |
Portugal |
Investment Services |
|||
|
Subsidiary |
Guaynabo, PR |
United States |
Commercial Banks |
|||
|
Subsidiary |
Ec4M 7Re |
United Kingdom |
||||
|
Subsidiary |
London |
United Kingdom |
534 |
|||
|
Subsidiary |
London |
United Kingdom |
||||
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|||
|
Subsidiary |
Buenos Aires |
Argentina |
Investment Services |
|||
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Commercial Banks |
|||
|
Subsidiary |
Sao Paulo |
Brazil |
Commercial Banks |
21,271.8 |
21,484 |
|
|
Subsidiary |
Recife, Pernambuco |
Brazil |
Commercial Banks |
690 |
||
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Advertising |
25.9 |
70 |
|
|
Subsidiary |
Barueri, Sao Paulo |
Brazil |
Consumer Financial Services |
2.0 |
70 |
|
|
Branch |
Barueri, Sao Paulo |
Brazil |
Commercial Banks |
0.0 |
69 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Computer Services |
125.0 |
||
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Investment Services |
75.8 |
||
|
Subsidiary |
São Paulo, SP |
Brazil |
Insurance (Life) |
|||
|
Subsidiary |
São Paulo, SP |
Brazil |
Insurance (Property and Casualty) |
|||
|
Branch |
Resende, Rio de Janeiro |
Brazil |
Commercial Banks |
|||
|
Subsidiary |
São Paulo, SP |
Brazil |
Computer Networks |
|||
|
Subsidiary |
São Paulo, SP |
Brazil |
Business Services |
|||
|
Subsidiary |
Madrid |
Spain |
Investment Services |
|||
|
Subsidiary |
Pozuelo De Alarcon, Madrid |
Spain |
Biotechnology and Drugs |
36.9 |
2 |
|
|
Subsidiary |
Pozuelo De Alarcon, Madrid |
Spain |
Medical Equipment and Supplies |
231.0 |
434 |
|
|
Subsidiary |
Sao Paulo |
Brazil |
Commercial Banks |
|||
|
Subsidiary |
Amsterdam |
Netherlands |
Investment Services |
|||
|
Subsidiary |
Tres Cantos |
Spain |
Crops |
|||
|
Subsidiary |
Lisbon |
Portugal |
Commercial Banks |
|||
|
Subsidiary |
Madrid |
Spain |
Commercial Banks |
|||
|
Subsidiary |
New York, NY |
United States |
Commercial Banks |
|||
|
Subsidiary |
Nassau |
Bahamas |
Consumer Financial Services |
|||
|
Subsidiary |
Nassau |
Bahamas |
Investment Services |
|||
|
Branch |
Santander |
Spain |
Commercial Banks |
|||
|
Subsidiary |
Prague |
Czech Republic |
Rental and Leasing |
|||
|
Subsidiary |
Poznan |
Poland |
Investment Services |
|||
|
Subsidiary |
Vienna |
Austria |
Investment Services |
|||
|
Subsidiary |
Lysaker |
Norway |
Investment Services |
|||
|
Subsidiary |
Miami, FL |
United States |
Business Services |
|||
|
Subsidiary |
Watford |
United Kingdom |
Consumer Financial Services |
|||
|
Subsidiary |
Santiago |
Chile |
Investment Services |
|||
|
Subsidiary |
Boadilla del Monte |
Spain |
Investment Services |
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Allied Irish Banks PLC |
Dublin, Ireland |
16,716 |
Public |
|
Banco Bilbao Vizcaya Argentaria S.A. |
Madrid, Spain |
117,475 |
Public |
|
Banco Comercial Portugues SA |
Porto, Portugal |
21,471 |
Public |
|
Banco de la Nación Argentina |
Buenos Aires, Argentina |
15,591 |
Private |
|
Banco de Sabadell SA |
Sant Cugat Del Valles, Spain |
16,413 |
Public |
|
Banco de Valencia SA |
Valencia, Spain |
2,174 |
Public |
|
Banco do Brasil SA |
Brasilia, Brazil |
113,810 |
Public |
|
Banco Gallego, S.A. |
Santiago de Compostela, A Coruña, Spain |
869 |
Public |
|
Banco Popular S.A. |
Madrid, Spain |
Private |
|
|
Bankinter SA |
Madrid, Spain |
6,002 |
Public |
|
Barclays PLC |
London, United Kingdom |
139,000 |
Public |
|
HSBC Holdings plc |
London, United Kingdom |
267,000 |
Public |
|
Lloyds Banking Group PLC |
London, United Kingdom |
120,449 |
Public |
|
National Bank of Greece |
Athina, Greece |
34,557 |
Public |
|
The Governor and Company of the Bank of Ireland |
Dublin, Ireland |
13,671 |
Public |
Executive report
|
Board
of Directors |
|
|
|
|||||||||||||
|
Chairman of the Board, Executive Director |
Chairman |
|||||||||||||
|
|||||||||||||||
|
Chairman |
Chairman |
|||||||||||||
|
Co-Vice Chairman |
Vice-Chairman |
|||||||||||||
|
First Vice Chairman of the Board,
Non-Executive Independent Director |
Vice-Chairman |
|||||||||||||
|
|||||||||||||||
|
Board Member |
Vice-Chairman |
|||||||||||||
|
Executive Vice President of Risk,Third
Vice Chairman of the Board, Executive Director |
Vice-Chairman |
|||||||||||||
|
|||||||||||||||
|
Chief Executive Officer, Second Vice
Chairman, Executive Director |
Vice-Chairman |
|||||||||||||
|
|||||||||||||||
|
Fourth Vice Chairman of the Board,
Non-Executive Independent Director |
Vice-Chairman |
|||||||||||||
|
|||||||||||||||
|
Executive Vice President, General
Secretary, Non-Member Secretary of the Board |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Executive director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Non-Executive Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Board Member |
Director/Board Member |
|||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Non-Executive Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Non-Executive Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Board Member |
Director/Board Member |
|||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Directora |
Director/Board Member |
|||||||||||||
|
Executive Vice President of Strategy and
Asia, Executive Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Director |
Director/Board Member |
|||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|||||||||||||
|
|||||||||||||||
|
Executives |
|
|
|
|||||||||||
|
Chief Executive Officer, Second Vice
Chairman, Executive Director |
Chief Executive Officer |
|||||||||||
|
|||||||||||||
|
Co-Chief Executive Officer of Santander
Totta |
Division Head Executive |
|||||||||||
|
|||||||||||||
|
Senior Executive Vice President of Global
Wholesale Banking Division |
Division Head Executive |
|||||||||||
|
|||||||||||||
|
Global Corporate Banking General Manager |
Division Head Executive |
|||||||||||
|
|||||||||||||
|
Global Corporate Banking General Manager |
Division Head Executive |
|||||||||||
|
CEO of Sovereign Bank and country head of
Santander businesses in the US. |
Division Head Executive |
|||||||||||
|
|||||||||||||
|
Deputy Executive Vice President, Head of
Payment Means Division |
Division Head Executive |
|||||||||||
|
Co-Chief Executive Officer of Santander
Totta |
Division Head Executive |
|||||||||||
|
|||||||||||||
|
Deputy Executive Vice President, Head of
Santander Universidades Global Division |
Division Head Executive |
|||||||||||
|
Executive Vice President of Technology and
Operations |
Operations Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President, General
Secretary, Non-Member Secretary of the Board |
Company Secretary |
|||||||||||
|
|||||||||||||
|
Executive Vice President, General
Secretary |
Company Secretary |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Financial
Management and Investor Relations |
Finance Executive |
|||||||||||
|
|||||||||||||
|
Director Auditoria Interna |
Finance Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Santander
Consumer Finance |
Finance Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Financial
Accounting and Control |
Finance Executive |
|||||||||||
|
|||||||||||||
|
Chief of Staff, Corporate Affairs,
Communications, Sovereign Bank |
Human Resources Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Human
Resources |
Human Resources Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Global
Wholesale Banking |
International Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Global Private
Banking and Asset and Insurance Management |
International Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Communication,
Corporate Marketing and Research |
Marketing Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Retail Banking
Network in Spain |
Network Management Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Strategy and
Asia, Executive Director |
Planning Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Internal
Auditing |
Internal Audit Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Risk |
Insurance Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Risk |
Insurance Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Risk,Third
Vice Chairman of the Board, Executive Director |
Insurance Executive |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Santander UK |
Other |
|||||||||||
|
|||||||||||||
|
Executive Vice President of Brazil |
Other |
|||||||||||
|
|||||||||||||
|
Executive Vice President of the United
States |
Other |
|||||||||||
|
|||||||||||||
|
Executive Vice President of America |
Other |
|||||||||||
|
|||||||||||||
Significant Developments
Poland Approves Merger Of Banco SantanderSA's Bank Zachodni WBK SA and Kredyt Bank SA- Dec 04, 2012 reported that Poland's financial supervisor KNF approved the merger of the Polish subsidiaries of Banco Santander SA, Bank Zachodni WBK SA and Kredyt Bank SA. The regulator added that Banco Santander SA committed to increasing the free-float of the merged bank to at least 25% by April 1, 2013, and at least 30% by the end of 2014.
Banco Santander SA's Santander Consumer Finance SA Plans EUR 500 Million 2014 Bond-DJ Dec 03, 2012
Dow Jones reported that the unit of Banco Santander SA, Santander Consumer Finance SA, has planned a EUR 500 million (USD 649.13 million) senior unsecured unsubordinated fixed rate bond. The initial price recommendations are in the area of 300 basis points over midswaps. Bank of America Merrill Lynch, Commerzbank, Natixis, and Santander are the lead managers on the deal.
Banco Santander SA Announces Further Details On Dividendo Eleccion Dividend Program Nov 26, 2012
Banco Santander SA announced that it has released the calendar for the allocation and distribution of its Dividendo Eleccion dividend program, which is detailed as it follows: On January 11, 2013, the Bank will announce the necessary amount of subscription rights needed in order obtain one new share in the Bank. On January 14, 2013, will be the record date for the allocation of subscription rights. On January 15, 2013, the Bank will start the negotiation period of its subscription rights. On January 24, 2013, will be the deadline to request the allocation of the dividend in cash. On January 29, 2013, the Bank will proceed with the acquisition of the remaining subscription rights that were not allocated by its shareholders. On February 1, 2013, will be effective the dividend payment to all the shareholders who opted to receive cash instead of new shares in the Bank. On February 8, 2013, the Bank's new shares will commence trading on all other stock exchanges on which the Bank is listed.
Standard & Poor's Ratings Services Affirms Its Credit Ratings on Banco Santander SA- Nov 23, 2012 reported that Standard & Poor's Ratings Services announced that it has affirmed its long-term and short-term credit ratings on Banco Santander SA at BBB and A-2, respectively. The outlook is negative.
Banco Espanol de Credito SA Plans To Transfer Branches To Banco
Santander SA-DJ Nov 23, 2012
Dow Jones reported
that Banco Espanol de Credito SA announced that it is planning to transfer 350
branches, including workers and business, to its parent company Banco Santander
SA. The operation would affect roughly 1,200 workers out of a total of 8,300
and may be carried out before the end of the year 2012n or during the first
quarter of 2013.
Banco Santander SA
Plans Initial Public Offering Of Its American Car-Financing Unit-DJ Nov 21,
2012
Dow Jones reported
that Banco Santander SA is planning an initial public offering of its American
car-financing unit. The unit, based in Forth Worth, Texas, offers loans through
more than 13,000 car dealers across the United States and has a loan portfolio
of approximately USD 18 billion. The Company will seek a valuation of as much
as USD 6 billion in the listing. Preparations for the listing are still in an
early stage.
Banco Santander SA Signs Partnership Agreement With Abu Dhabi Commercial Bank PJSC-DJ Nov 04, 2012
Dow Jones reported that Banco Santander SA signed a partnership agreement with Abu Dhabi Commercial Bank PJSC to work together on trade and project finance. Financial details were not disclosed.
Banco Santander SA Announces Further Details On Dividendo Eleccion Dividend Program Nov 02, 2012
Banco Santander SA announced in relation to the previous announcement from October 15, 2012 that the trading period for the free allotment rights corresponding to the free-of-charge capital increase by means of which the Santander Dividendo Eleccion program is carried out ended on October 31, 2012. The holders of 83.57% of the free allotment rights have chosen to receive new shares. The definitive number of ordinary shares of EUR 0.5 of face value issued in the free-of-charge capital increase is 222,107,497, corresponding to 2.20% of the share capital, and the amount of the capital increase is EUR 111,053,748.50. The value of the remuneration corresponding to the holders of free allotment rights who have requested new shares amounts to EUR 1,266,012,732.90. The shareholders holding the remaining 16.43% of the free allotment rights have accepted the irrevocable undertaking to acquire free allotment rights assumed by the Bank. Consequently, the Bank has acquired 1,658,987,342 rights for a total gross consideration of EUR 248,848,101.30. The relevant authorizations for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on November 8, 2012 and ordinary trading of the shares in Spain will commence on November 9, 2012. The authorization for the admission to listing of the shares will also be requested on all other stock exchanges on which the Bank is listed.
Banco Santander SA Announces Joint Venture With Elavon Financial Services Ltd Oct 19, 2012
Banco Santander SA (Santander) announced that it has reached agreement with Elavon Financial Services Limited (Elavon) to jointly develop in Spain business of payment services in commercial centers through terminals for credit and debit cards. The operation assumes creation of an entity participated in 51% by Elavon and 49% by Santander. The agreement values the business to transmit the amount of EUR 165.8 million and generate net income of approximately EUR 86.6 million.
Standard & Poor's Downgrades Its Long-Term Corporate Credit Ratings on Banco Santander SA; Affirms Its Short-Term Corporate Credit Ratings on Banco Santander SA Oct 16, 2012
Banco Santander SA announced that Standard & Poor's has downgraded the Bank's long-term corporate credit ratings from A- to BBB, with a negative outlook. It was also announced that Standard & Poor's has affirmed its short-term corporate credit ratings on the Bank at A-2.
Standard & Poor's Rating Services Downgrades Long-Term Corporate Credit Ratings On Banco Santander SA And Banco Bilbao Vizcaya Argentaria SA- Oct 16, 2012 reported that, as a consequence of downgrading the debt rating on Spain, Standard & Poor's Rating Services downgraded long-term corporate credit ratings on 11 Spanish banks, including Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA's long-term corporate credit ratings to BBB and BBB-, respectively.
Banco Santander SA Plans Capital Increase as Part of Santander Dividendo Eleccion Dividend Program For October/November 2012 Oct 15, 2012
Banco Santander SA announced that, in order to proceed with its Santander Dividendo Eleccion dividend program for the period October/November 2012, it is planning to increase its share capital through the issuance of 265,765,059 new shares, reaching the total value of EUR 132,882,529.50. In order to participate on the Santander Dividendo Eleccion program, shareholders shall notify their decision to receive new shares as a dividend payment. The shareholders who opt to receive new shares will receive one free allotment right of new shares per old share held. The exchange of free allotment rights will be at a ratio of one new share per 38 free allotment rights.
Banco Santander SA Updates On Sale Of 300 Branches Of Royal Bank of
Scotland Group plc To Santander UK
Oct 15, 2012
Banco Santander SA announced that the agreement for the sale by The Royal Bank of Scotland Group plc (RBS) to Santander UK of approximately 300 branches of RBS in England and Wales and NatWest in Scotland (the Business) (disclosed by means of material fact released on August 4, 2010) will not complete in view of the foreseeable lack of satisfaction of the conditions it was subject to by the agreed final deadline of February 2013. The agreement reached in August 2010 between Santander UK and RBS for Santander UK to acquire the Business was originally scheduled to complete by end 2011. In August 2011, this was extended to a new target completion date of Q4 2012. However, given the delays, Santander UK has concluded that it is not possible to complete this within a reasonable period.
Banco Santander SA Announces Share Capital Increase To Convert Valores Santander Oct 09, 2012
Banco Santander SA announced that, as a continuation of a press release dated September 28, 2012, October 4, 2012 was the date of conversion of all Valores Santander outstanding. Pursuant to the terms of the issue, Banco Santander SA has issued 200,311,513 new shares to cover the conversion of Valores Santander, representing 1.98% of the capital after the increase. On October 9, 2012, the Company registered in the Commercial Registry of Cantabria (el Registro Mercantil de Cantabria) the share capital increase, represented by new shares, that are expected to be listed on the four Spanish Stock Exchanges and the Automated Quotation System on October 11, 2012. The shares' ordinary trading will begin on October 12. The new shares are entitled to participate in the Santander Scrip Dividend Program for the second interim dividend, whose calendar was announced on September 10, 2012.
Banco Santander SA Announces Conversion of Final Batch of Valores Santander Sep 28, 2012
Banco Santander SA announced that it will proceed with the conversion of the final batch of Valores Santander, which comprises 519,300 convertible notes. The conversion will be carried out at a ratio of one convertible note per 385.802469135802 new shares. Following the conversion, Valores Santander will cease trading on October 3, 2012, and the new shares will be admitted and commence trading through the Spanish Stock Exchanges Interconnection System.
Banco Santander SA Announces Further Details On Completion of Global Public Offering Of Grupo Financiero Santander Mexico SAB de CV- Sep 26, 2012
reported that Banco Santander SA has raised more than USD 4 billion from listing its Mexican Unit, Grupo Financiero Santander Mexico SAB de CV.
Banco Santander SA Completes Global Public Offering Of Grupo Financiero
Santander Mexico SAB de CV Sep 26, 2012
Banco Santander SA announced the it has finalized global public offering
of shares of Grupo Financiero Santander Mexico SAB de CV. The issuance price
has been fixed at MXN 31.25 per share (USD 2.437 per share). The amount of
issued shares represents 24.9% of the capital of the Mexican unit of Banco Santander
SA and 21.7% of has been awarded on September 25, 2012 while remaining 3.2% has
been reserved for possible realization of the green shoe operation by banks,
which are insurers of the placement. The operation in total amounts to between
EUR 2,768 and EUR 3,183, depending on the results of green shoe operation,
which should be concluded within 30 days from pricing date (September 25,
2012). The shares have been placed on the Mexican market (19% of global
offering) and on international market, including United States (81% of global
offering). The American Depositary Shares of begin trading on September 26,
2012 in New York Stock Exchange, while shares of Mexican unit of Banco
Santander SA continue to trade on the Mexican stock exchange.
Banco Santander SA Announces New Shareholder-Remuneration Program;
Shareholders to Choose Dividend in Cash or in Shares Sep 10, 2012
Banco Santander SA announced that it is expected to implement again the shareholder-remuneration program named "Santander Dividendo Eleccion", according to which shareholders will have an option between receiving remuneration in cash and/or in shares. The timeline for the implementation of the program is as follows: October 15, 2012-Communication of the number of rights needed to receive one share and of the final price of the right-purchase commitment; October 16, 2012-Record date for the granting of rights; October 17, 2012-Commencement of the rights trading period. Santander shares start trading ex-coupon; October 26, 2012-Last date to request remuneration in cash (sale of rights to Grupo Santander); October 31, 2012-End of the trading period of the rights and acquisition of rights by Grupo Santander; November 5, 2012-Payment day for shareholders, who chose remuneration in cash; November 9, 2012-Commencement of the ordinary trading of the new shares in the Spanish Stock Exchanges. The price of the irrevocable commitment to purchase the rights will be approximately of EUR 0.15 gross per right. Banco Santander SA Plans Issuance of Bonds- Sep 07, 2012 reported that Banco Santander observed a solid demand for a 3.5-year euro bond issue, worth EUR 4 billion (USD 5.1 billion) for an offer of EUR 2 billion of the unsecured bond with price guidance of mid-swaps plus 390-395 basis points.
Banco Santander SA's Grupo Financiero Santander Mexico SAB de CV Sets Terms for Banco Santander Mexico's IPO in New York- Sep 04, 2012
reported that Banco Santander SA's Mexican unit Grupo Financiero Santander Mexico SAB de CV is planning to sell Banco Santander Mexico's 235 million American depositary shares (ADSs) between USD 10.99 and USD 12.70 apiece in its New York listing. It is looking to sell a 6% locally with another 18.7% offered overseas, in a concurrent stock listing in Mexico and New York. The listing is expected to raise between USD 3 billion and USD 4 billion. The ADSs are expected to start trading on the New York Stock Exchange on September 25, 2012, under the symbol BSMX.
Banco Santander SA Launches Public Offering Of Up To 24.9% Of Santander MTxico For A Maximum USD4.291 Billion Sep 04, 2012
Banco Santander SA announced the global public offering of shares of Grupo Financiero Santander MTxico. The Company is offering up to 1,689,812,333 shares of Santander Mexico - including the shares the underwriters have the option to purchase under the green shoe - representing 24.9% of the unit's share capital. According to the prospectus presented to the Mexican Stock Exchange, the offer is expected to be priced at between 29. and 33.5 pesos per share, implying a total offer amount of between EUR2.957 billion and EUR3.413 billion. This price range also implies a maximum valuation of EUR13.708 billion for 100% of Santander Mexico. The transaction, which will target both individual and institutional investors, is structured in two tranches: one in Mexico, representing 20% of the shares included in the global offering, and one outside Mexico, including the United States, representing 80% of the shares offered. These amounts are subject to reallocation according to demand. The placement process begins immediately and it is expected that the shares will be quoted in Mexico and New York on or about September 26, 2012. The gains obtained by Banco Santander through this transaction will be registered entirely to reserves, in line with current accounting requirements, as the bank will maintain its control over its Mexican subsidiary.
Banco Santander SA's Grupo Financiero Santander Mexico SAB de CV
Launches IPO of Banco Santander Mexico Sep 04, 2012
Banco Santander SA announced that the initial public offering (IPO) of
its Mexican unit Grupo Financiero Santander Mexico SAB de CV's Banco Santander
Mexico comprised 1,689,812,333 shares, representing a 24.9% stake, at a value
between MXN 29.00 and MXN 33.50 per share, reaching a total amount between MXN
49,005 million and MXN 56,609 million. The shares are expected to initiate
trading on the Mexican and New York Stock Exchanges on September 26, 2012.
Banco Santander To Join CBD Energy Ltd In Developing Taralga Wind
Project Sep 04, 2012
CBD Energy Ltd announced that it is proceeding to develop its wind farm
project at Taralga in the NSW southern highlands. Banco Santander will hold 90%
of the equity in the project (subject to completion of final due diligence) and
the Company 10%. Santander is a European bank with a market capitalization of
EUR 49 billion and total assets of EUR 1,290 billion.
Banco Santander SA Announces Date To Launch Mexico Unit Share Offer- Aug 30, 2012 reported that Banco Santander SA has announced that it intends to launch a planned share offering in its Mexican unit on September 4, 2012, at an event in Mexico City, which will be led by the Bank's Chairman Mr. Emilio Botin.
Banco Santander SA And Grupo Financiero Santander Mexico SAB de CV Reveal Listing Day Of Shares In Mexico And United States- Aug 24, 2012
reported that Banco Santander SA will plans to launch on September 25, 2012 a global offer for up to 25% of its capital share on Mexican and United states market. On August 17, 2012 Grupo Financiero Santander Mexico SAB de CV announced that it will place up to 6.22% of its shares on Mexican market and up to 18.67% of its shares on United States market, what will be represented by up to 422,453,083 shares and up to 1,267,359,250 shares on Mexican and international markets respectively. The price range will be determined later and will depend on market conditions, taking into account the international financial instability. The value of the placement could range between USD 3,000 million and USD 4,000 million.
Banco Santander SA Plans Mexico Unit Listing For September 25- Aug 24, 2012 reported that Banco Santander SA is looking to list its Mexican unit in Mexico and New York on September 25. The bank is looking to raise between $3 billion and $4 billion in the offering. The bank plans to list about 25% of the unit with just over 6% being sold in Mexico and 18.7% abroad.
Banco Santander SA Announces Further Details on Issuance of Senior Unsecure Bond- Aug 21, 2012 reported that Banco Santander SA has issued a new EUR 2 billion two-year senior unsecure bond. Banco Santander SA offered investors a 4.375% coupon for the senior unsecure bond that priced at 390 basis points over mid-swaps. Banco Santander SA, along with CA CIB, Deutsche Bank and Natixis acted as lead managers.
Banco Santander SA Issues Senior Unsecure Bond- Aug 21, 2012 reported that Banco Santander SA has issued a new two-year unsecured bond being set at 390 basis points over mid-swaps. Santander International Debt SA, guaranteed by Banco Santander SA, mandated CA CIB, Deutsche Bank, Natixis and Santander for the new offering. Other details were not disclosed.
Banco Santander SA Announces Further Details On IPO of Its Mexican Unit- Aug 17, 2012 reported that Banco Santander's Mexican unit, Santander Mexico Financial Group, filed with the United States regulators to raise up to USD 100 million in an initial public offering (IPO) of its American depositary shares (ADS). Santander, UBS Investment Bank, Deutsche Bank Securities and BofA Merrill Lynch are among the global coordinators to the IPO. The Company intends to list its ADSs on the New York Stock Exchange under the symbol BSMX. The amount of money that the Company plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
Banco Santander SA Announces Further Details On IPO of Its Mexican Unit-
Aug 16, 2012 reported that Banco Santander SA announced that the Bank
plans to list up to 25% of capital share of its Mexican unit. According to
documents submitted to Mexican Stock Exchange (Bolsa Mexicana de Valores, BMV)
on August 16, 2012, the Bank gave no price range for the offer, but it is
expected that its Mexican unit's IPO could range between USD 3 billion and USD
4 billion. The shares will be listed on the Mexico City and New York stock
exchanges, and the Bank will market the offering jointly with its Santusa
Holding subsidiary, but Banco Santander SA will maintain a majority stake.
Banco Santander SA Sees Up To $4 Billion From Mexico Unit IPO- Aug 15, 2012
reported that Banco Santander SA hopes to raise as much as $4 billion in an initial public offering of a portion of its Mexican unit, Bloomberg reported on August 15, 2012. The bank will probably sell the shares after the first week of September, Bloomberg reported. One of the people said the bank may sell a 25% to 30% stake. A Santander Mexico representative was not immediately available for comment. DBRS Ratings Downgrades Its
Corporate Credit Ratings On Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA-Aug 10, 2012 reported that DBRS Ratings has downgraded its long-term corporate credit ratings on Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA to level A, as a consequence of downgrade of Spanish sovereign debt rating. No other details were disclosed.
Banco Santander SA Plans IPO of Mexican Unit- Aug 07, 2012 reported that Banco Santander SA' Mexican unit is expected to enter stock exchange in October or November of fiscal year 2012. The size of the placement of Santander Mexico will amount to approximately between USD 1,500 million and USD 2,000 million.
Banco Santander SA Ends Trading Period Of Subscription Rights Jul 30, 2012
Banco Santander SA announced that on July 27, 2012 the trading period for the subscription rights ended. The rights correspond to the share capital increase, through which Santander Dividend Program (Santander Dividendo Eleccion) is implemented. The holders of 72.58% of the subscription rights opted to receive new shares. Therefore, the final number of ordinary shares at a nominal value of EUR 0.5 per share to be issued in the share capital increase is 218,391,102, representing a 2.27% of share capital. The holders of the remaining 27.42% of the subscription rights accepted the irrevocable commitment to purchase rights assumed by Banco Santander SA. Consequently, Banco Santander SA has acquired 2,639,687,283 rights for the gross amount of EUR 401,232,467.02. It is expected that the new shares will be admitted to trading on the four Spanish stock exchanges and through the Quotation System on August 10, 2012, so their ordinary trading in Spain will start on August 13, 2012.
Banco Santander SA To Sell Nearly $1 Billion Stake In Chile
Unit- Jul
23, 2012 reported that Banco Santander SA will sell a 7.8% stake in Santander
Chile STG.SN, worth around $1 billion dollars, to boost core capital.
Banco Santander SA Announces Conversion of Valores Santander Into New
Shares Jul 06, 2012
Banco Santander SA announced that on July 3, 2012, it has proceeded with the conversion of its financial instruments called Valores Santander, which were issued on September 19, 2007. The transaction represented the conversion of 511,769 Valores Santander into 193,095,393 new shares. The new shares are expected to initiate trading on the Spanish Stock Exchanges, through the Interconnected Stock Exchange System, on July 10, 2012.
Moody's Investors Service Affirms Its Short-Term Credit Rating on Banco Santander SA Jun 26, 2012
Banco Santander SA announced that Moody's Investors Service has affirmed its short-term credit rating on the Company at P-2. The outlook is negative.
Moody's Investors Service Lowers Its Long-Term Rating On Banco Santander SA-DJ Jun 25, 2012
Dow Jones reported that Moody's Investors Service has lowered its long-term rating on Banco Santander SA to Baa2, pointing to the reduced creditworthiness of Spain and expectations that the banks' exposure to commercial real estate will likely cause higher losses.
Moody's To Downgrade Spain Banks Including Banco Santander SA After Wall Street Close-DJ Jun 25, 2012
Dow Jones reported that Moody's Investors Service plans to a massive downgrade of Spanish banks ratings later Monday, Spanish newspaper Expansion reported. Most of the sector is expected to drop into junk rating, with only the largest banks like Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and CaixaBank SA avoiding that fate. Moody's already downgraded Spain's financial sector May 17.
Banco Santander SA Closes Second Phase Of Banco Santander Colombia SA Sale Jun 25, 2012
Banco Santander SA announced that it has closed the second phase of the sale of Banco Santander Colombia SA and its subsidiaries, as reported on December 6, 2011. The Company received the amount of USD 605 million (approximately EUR 484 million) in the second phase, and the total amount of the operation of USD 1,229 million (approximately EUR 983 million).
Banco Santander SA Announces FY 2012 Dividendo Eleccion Remuneration Program- Jun 19, 2012 reported that Banco Santander SA announced that the Board of Directors resolved to apply the Santander Dividendo Eleccion program on the dates on which the first, second and third interim dividends are usually paid. In addition to what was announced the application of the aforementioned program in July or August 2012, the Executive Committee will execute the resolutions adopted by shareholders on March 30, 2012 on the dates when the second and third interim dividends are usually paid (October or November 2012; January or February 2013, respectively). The fixed price of the irrevocable undertaking to acquire the free allotment rights pertaining to each of such applications of the Santander Dividendo Eleccion program will be approximately EUR 0.15 per share. The Bank's Board of Directors has also resolved to apply the Santander Dividendo Eleccion program on the date when the final dividend is usually paid (April or May 2013) and to submit to shareholders for approval at the next ordinary General Meeting, a proposal for a free of charge capital increase in the amount necessary to apply the aforementioned program to the final remuneration corresponding to the 2012 financial year. The market price of the shares to be issued will be such that the shareholder remuneration, approximately EUR 0.15 per share. Therefore, as announced on May 13, 2012, the total envisaged shareholder remuneration in respect of financial year 2012 will amount to approximately EUR 0.60 per share.
Banco Santander SA To Distribute FY 2012 Dividend Payment- Jun 18, 2012
reported that Banco Santander SA announced that it will offer its shareholders the possibility to charge in shares all dividends for the fiscal year 2012. For dividends for fiscal year 2011 the Bank has already offered this option in three of four payments. The dividend payments from fiscal year 2012 shall also be divided into four (three on account: in July - August 2012, October - November de 2012 and January - February 2013; and one complementary divided in April - May 2013), for a total amount of EUR 0.60.
Fitch Ratings Downgrades Its Corporate Credit Ratings on Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA- Jun 11, 2012 reported that Fitch Ratings has downgraded Banco Santander SA's and Banco Bilbao Vizcaya Argentaria SA's long-term Issuer Default Ratings (IDR) to BBB+ from A and Viability Ratings (VR) to bbb+ from a. The outlooks on the long-term IDRs are Negative.
Banco Santander SA Announces Issuance of New Shares Jun 08, 2012
Banco Santander SA announced that it has issued 73,927,779 new shares, which are expected to be admitted to trading on four Spanish stock exchanges on June 12, 2012. The new shares shall confer rights to participate on the Bank's Santander Dividendo Eleccion program, which will be applied to the first dividend payment for fiscal year 2012. Other details were not disclosed.
Banco Santander SA To Sell Colombian Assets In Two Phases To Corpbanca SA-DJ May 30, 2012
Dow Jones reported that Banco Santander SA plans to complete the sale of its Colombian assets to Corpbanca SA in two phases, with the last one to be closed no later than June 30, 2012. The Company announced that the first phase of the deal (that has a combined price tag of USD 1.23 billion) was completed with the sale of 51% of Banco Santander Colombia SA and Santander Investment Trust Colombia for the price of USD 624 million.
Standard & Poor's Ratings Services Affirms Its Credit Ratings On Banco Santander- May 25, 2012 reported that on May 25, 2012 Standard & Poor's Ratings Services affirmed its A-/A-2 long- and short-term ratings on Banco Santander SA. The outlook is negative.
DBRS Places Credit Rating On Banco Santander SA-DJ May 24, 2012
Dow Jones reported that the rating agency DBRS has placed its corporate credit rating on Banco Santander SA at A (high) under review with negative implications following a similar rating action on the Kingdom of Spain.
Moody's Updates Its Short-Term Corporate Credit Rating on Banco Santander SA May 18, 2012
Banco Santander SA announced that Moody's Investors Service has updated its short-term corporate credit rating on the Company to P-2 from P-1.
Moody's Downgrades Its Corporate Credit Ratings on Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA- May 17, 2012 reported that Moody's has downgraded its long-term corporate credit ratings on Banco Santander SA from Aa3 to A3. It was also reported that Moody's has downgraded its long-term corporate credit ratings on Banco Bilbao Vizcaya Argentaria SA from Aa3 to A3 with a negative outlook.
Banco Santander SA and SK Berge To Establish Joint Venture May 09, 2012
Banco Santander SA announced that it has reached an agreement with SK Berge to establish together a joint venture that will be engaged in the provision of car loans. Other details were not disclosed.
Banco Santander SA Closes Dividendo Eleccion Subscription Period Apr 30, 2012
Banco Santander SA announced that on April 27, 2012, it has closed the subscription period of its Santander Dividend Election program. A 75.18% of the shareholders have opted to receive new shares; therefore, the final number of ordinary shares of EUR 0.5 par value issued is 284,326,000, corresponding to 3.13% of share capital, which represents EUR 142,163,000. Shareholders holding the remaining 24.82% have accepted the Banco Santander's offer to acquire the new shares. Consequently Banco Santander has acquired 2,253,029,391 shares for a total gross price of EUR 495,666,466.02.
Standard & Poor's Ratings Services Lowers Its Credit Ratings On
Banco Santander SA-S&P Apr 30, 2012
Standard & Poor's Ratings Services announced that it has lowered its long- and short-term counterparty credit ratings on Banco Santander SA to A-/A-2 from A+/A-1. The outlook on the long-term ratings is negative. The rating actions follow Standard&Poor's downgrade on April 26, 2012, of the Kingdom of Spain.
Banco Santander SA Plans To List Mexican Unit In FY 2012- Apr 26, 2012 reported that Banco Santander SA is planning to list a 25% of its Mexican subsidiary during fiscal year 2012 through a public offering. Other details where not disclosed.
Banco Santander SA Announces Further Details On Santander Dividendo
Eleccion Apr 11, 2012
Banco Santander SA announced that the flexible remuneration program
Santander Dividendo Eleccion (scrip dividend scheme) is to be applied to the
final 2011 dividend.
Banco Santander SA Sells Portfolios of Bad Loans –DJ Apr 01, 2012
Dow Jones reported Banco Santander SA has sold portfolios of bad loans
worth EUR 1.5 billion, for more then EUR 200 million, to Fortress, Lone Star
and Cerberus. Fortress purchased EUR 1 billion of consumer credit, while Lone
Star and Cerberus bought EUR 500 million of mortgages.
Banco Santander SA Announces Further Details on Dividendo Eleccion
Remuneration Scheme Mar 30, 2012
Banco Santander SA announced that during its ordinary general shareholders' meeting it was decided to proceed with a capital increase to implement the Santander Dividendo Eleccion remuneration scheme on the dates on which the final dividend is traditionally paid between the months of April and May. This scheme shall offer shareholders the possibility to choose whether to receive cash or new shares on those dates. On May 3, 2011, will be effective the payment of cash to all the shareholders who have requested such payment, while on May 9, 2012, will commence the ordinary trading of the new shares corresponding to the shareholders who have opted for obtaining new shares. In order to opt for obtaining new shares, the Bank's shareholders have to acquire rights at an approximate value of EUR 0.22 per right. The record date for the granting of rights will be on April 12, 2012, and on April 13, 2012, will commence the rights trading period.
Banco Santander SA To Distribute Dividend Under Dividendo Eleccion Program Mar 30, 2012
Banco Santander SA announced that it is planning to distribute a dividend at a value of EUR 0.22 per share under Dividendo Eleccion Program, effective in May 2012.
Banco Santander SA To Close 56 UK Branches To Cut Overlap- Mar 26, 2012
reported that Banco Santander SA is closing 56 branches in Britain to remove overlap in its network after it bolted together three separate businesses, which left it with two branches side by side in some places.
Banco Santander SA Reduces Stake in Banco Santander Brasil SA of 5.76% Mar 23, 2012
Banco Santander Brasil SA announced that Banco Santander SA has reduced its participation in the share capital of the Company of 5.76%, which results in the increase of the free float of the Company to 24.12%. After the transaction, Banco Santander SA holds, directly or indirectly, 75.61% of the total share capital of the Company.
Banco Santander SA Prices 2016 Bond- Mar 15, 2012 reported that Banco Santander SA, through its Grand Cayman Branch, has priced a CHF 150 million (Swiss francs) bond with a maturity date of April 2, 2016, a coupon of 3.25% and an issuance price of 10.102. Credit Suisse and BNP Paribas will act as lead managers.
Banco Santander SA To Price EUR 1 Billion 5-Year Bond At Swaps +2.50-DJ
Mar 13, 2012
Dow Jones reported that Santander International Debt SA, guaranteed by Banco Santander SA is to price its EUR 1 billion, five-year, senior unsecured bond at 250 basis points over midswaps. This is at the tight end of initial guidance in the area of 255 basis points.
Banco Santander SA's Santander Consumer Bank AG To Buy 20% Of Bank Of Beijing Consumer Finance Co's Consumer Finance Unit-DJ Mar 07, 2012
Dow Jones reported that Banco Santander SA's Santander Consumer Bank AG will buy a 20% stake in Bank of Beijing Co's Bank of Beijing Consumer Finance Co, at a value of approximately CNY 306 million (USD 48 million). The transaction is awaiting approval from the relevant regulators in China and Spain.
Bank of Beijing Co., Ltd., Banco Santander SA Partner On Consumer Financing- Mar 07, 2012 reported that Bank of Beijing Co., Ltd. plans to partner with Banco Santander SA, to develop its consumer financing business. Santander's consumer financing unit plans to buy a 20% strategic stake in Bank of Beijing's consumer financing subsidiary for 306 million yuan ($48.51 million). The partnership will make the consumer financing business of the Chinese bank more competitive and improve its future profit mix, Bank of Beijing said. Chinese banks have been introducing foreign strategic investors hoping to gain international expertise and boost innovation.
Banco Santander SA and KBC Bank NV Combine Subsidiaries Bank Zachodni WBK SA and Kredyt Bank SA and Increase Capital of Bank Zachodni WBK SA Feb 28, 2012
Banco Santander SA (Santander) and KBC Bank NV (KBC) announced that they have entered into an investment agreement to combine their Polish banking subsidiaries, Bank Zachodni WBK SA (BZWBK) and Kredyt Bank SA (KB). BZWBK and KB, with the support of their parent companies, Santander and KBC, have also reached an agreement regarding cooperation with respect to the proposed merger. The transaction will entail a share capital increase in BZWBK, where the newly issued shares in BZWBK will be offered and rendered to KBC and the other shareholders of KB in exchange for their shares in KB. Under the agreements, and subject to independent evaluation and final agreement by BZWBK and KB, as well as to obtaining regulatory approval from the Polish Financial Supervision Authority and relevant competition clearance, BZWBK will merge with KB at the ratio of 6.96 BZWBK shares for every 100 KB shares. At current market prices, the transaction values KB at PLN 15.75 a share and BZWBK at PLN 226.4 a share. The combined bank's total pro forma value will be PLN 20.8 billion (EUR 5 billion). Both BZWBK and KB are listed on the Warsaw Stock Exchange. The merged bank will continue to be listed on the Warsaw Stock Exchange. Following the proposed merger, Santander will hold approximately 76.5% of the merged bank and KBC around 16.4%. The rest will be held by other minority shareholders.
UK's FSA Fines Banco Santander SA GBP 1.5 Million- Feb 20, 2012 reported that the Britain's Financial Services Authority (FSA) has fined Banco Santander SA GBP 1.5 million (USD 2.4 million) for failing to clarify a compensation procedure on some of its products. The FSA announced that the Company had sold around GBP 2.7 billion worth of structured products between the year 2008 and the start of the year 2010 but had not adequately informed customers over the extent to which they could be compensated on them.
Banco Santander SA's Mexican Unit Plans Listing- Feb 15, 2012 reported that Banco Santander SA's Mexican subsidiary is studying the possibility to get listed in the local stock exchange. Other details where not disclosed.
Banco Santander SA Announces Downgrade Of Debt Ratings Feb 14, 2012
Banco Santander, S.A. (the Bank) announced that Fitch Ratings and Standard & Poor's Ratings Services have published on February 13, 2012 their revised ratings for the Bank. Fitch Ratings has downgraded its rating on Long-term debt and deposits to A from AA- (negative outlook, on Subordinated debt the rating has been downgraded to A- from A+ while on Preferred Shares to BB+ from A-. Standard & Poor's has downgraded the ratings as follows: Long-term debt & deposits to A+ from AA- (negative outlook) and Short-term debt & deposits to A-1 from A-1+ (negative outlook).
Banco Santander SA Prices EUR 2B 3-Year Covered Bond At EUR 99.944-DJ Feb 02, 2012
Dow Jones reported that Banco Santander SA has priced its EUR two billion, three-year, covered bond at EUR 99.944 and its coupon is 3.25%. The bond's Payment Date is February 17, 2012 and its Maturity Date is February 17, 2015.
Banco Santander SA To Price EUR 2B 3-Year Covered Bond-DJ Feb 01, 2012
Dow Jones reported that Banco Santander SA is to price its EUR two billion, three-year, covered bond at 210 basis points over midswaps. Barclays PLC, Citigroup Inc., Natixis and Santander are the lead managers on the new bond.
Banco Santander SA Announces Further Details On Bonus Shares Jan 31, 2012
Banco Santander SA announced, as a continuation of the press releases dated December 12, 2011 and January 12, 2012, that on January 30, 2012 it finalized the trading period of free allotments rights, corresponding to the share capital increase, through which Santander Dividendo Eleccion Program is implemented. The holders of 86.65% of the free allotments rights have opted to receive new shares. Therefore, the final number of ordinary shares of EUR 0.5 per share issued is 167,810,197, corresponding to 1.88% of the share capital. The value of the remuneration for holders of the free allocation rights that have opted to receive stock amounts to EUR 918,593,018.38. The shareholders holding the remaining 13.35% of the free allocation rights have accepted the commitment to purchase rights assumed by Banco Santander SA. Consequently, Banco Santander SA has acquired 1,189,774,111 rights for a total gross amount of EUR 141,583,119.21.
Banco Santander SA Announces Distribution Of Bonus Shares Jan 12, 2012
Banco Santander SA announced that it will distribute bonus shares among its shareholders for an amount up to EUR 96,837,426. The shareholders will receive one bonus share per every 46 Banco Santander's held. Other details where not disclosed.
Banco Santander SA Further Details On Capital Increase Dec 28, 2011
Banco Santander SA announced that in relation to the capital increase of class X shares, there has been and issuance and placement of shares for a nominal value of EUR 170,901,085.50, which represents a 3.84% of the Company's social capital.
Banco Santander SA Announces Further Details On Share Capital Increase And Share Repurchase- Dec 28, 2011 reported that, Banco Santander SA announced further details on preference shares repurchase (Participaciones Preferentes Serie X) and the subscription for the shares, adding that during the acceptance period, the holders of 77,743,969 preference shares, representing 98.88% of the preference shares outstanding, have accepted the repurchase offer. The holders of these preference shares have subscribed 341,802,171 shares under the Capital Increase. Consequently, the total amount (nominal plus premium) subscribed is EUR 1,943,487,144.31 and the nominal value of the Capital Increase is EUR 170,901,085.50. The new shares represent 3.84% of the share capital of Banco Santander SA following the Capital Increase. On December 30, 2011, Banco Santander SA will acquire the preference shares and the new shares subscribed by the holders of those preference shares shall be paid up. All holders of Participaciones Preferentes Serie X (whether or not they have accepted the repurchase offer) will receive, on December 30, 2011, the remuneration corresponding to the quarter ending on that date. As of December 30, 2011 the new shareholders will be entitled to all of the rights pertaining to the shares of Banco Santander SA and will have the right to participate in the Santander Dividendo Eleccion programme which shall be implemented on the usual payment dates of the third interim dividend, which was announced via material fact announcement on November 22, 2011.
Banco Santander SA Announces Capital Increase And Further Details On Class X Shares Repurchase Dec 26, 2011
Banco Santander SA announced that it has closed the acceptance period for the repurchase offer of class X shares and the subscription of the capital increase. The capital increase will be for a total of EUR 172,846,968, through the issuance of 345,693,936 shares.
Banco Santander SA To Propose Complementary Dividend Payment for FY 2011 Dec 19, 2011
Banco Santander SA announced that, during its shareholders meeting to be celebrated on March 30, 2012, it will propose the distribution of a complementary dividend payment for fiscal year 2011 at a value of EUR 0.60 per share. If approved, the payment date will be set between April 2012 and May 2012.
Banco Santander SA To Repurchase Santander Finance Capital SAU's Class X Shares Dec 13, 2011
Banco Santander SA announced that on December 14, 2011, it will initiate a share repurchase offer for all class X shares of Santander Finance Capital SAU, the offer will close on December 23, 2011 and Banco Santander SA has approved an amount of EUR 1,965,615,725 for this purpose.
Banco Santander SA Announces Distribution Of Bonus Shares Dec 12, 2011
Banco Santander SA announced that it has been agreed to distribute bonus shares, as part of fiscal year 2011's dividend payment, for a total amount of EUR 1.1 billion, which will be distrusted among its shareholders in a proportion of one bonus share per every share held. Other details were not disclosed.
Annual Income
Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest & Fees on Loans |
65,224.8 |
55,430.1 |
58,524.6 |
60,505.1 |
47,330.6 |
|
Interest & Dividends on Investment
Securities |
10,297.7 |
8,253.4 |
7,769.4 |
6,592.1 |
6,058.8 |
|
Interest on Deposits |
5,913.6 |
3,944.0 |
4,002.3 |
6,698.2 |
4,624.4 |
|
Other Interest Income |
3,181.4 |
2,440.4 |
3,652.9 |
6,715.4 |
4,852.2 |
|
Interest Income, Bank |
84,617.5 |
70,067.9 |
73,949.3 |
80,510.8 |
62,866.0 |
|
Interest on Deposit |
41,762.3 |
31,364.1 |
37,375.1 |
54,857.7 |
42,523.8 |
|
Total Interest Expense |
41,762.3 |
31,364.1 |
37,375.1 |
54,857.7 |
42,523.8 |
|
Net Interest Income |
42,855.2 |
38,703.8 |
36,574.2 |
25,653.1 |
20,342.2 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
15,350.6 |
13,597.1 |
15,420.4 |
8,625.2 |
4,681.7 |
|
Net Interest Income after Loan Loss Provision |
27,504.6 |
25,106.6 |
21,153.8 |
17,027.8 |
15,660.5 |
|
|
|
|
|
|
|
|
Fees & Commissions from Operations |
14,560.8 |
12,891.6 |
12,628.0 |
12,090.9 |
10,769.4 |
|
Insurance Commissions, Fees & Premiums |
545.1 |
500.4 |
471.3 |
368.0 |
314.7 |
|
Fees for Other Customer Services |
- |
- |
- |
- |
208.1 |
|
Dealer Trading Account Profit |
3,946.1 |
2,866.5 |
5,287.1 |
4,230.4 |
3,156.7 |
|
Investment Securities Gains |
547.8 |
479.5 |
607.0 |
808.5 |
- |
|
Foreign Currency Gains |
- |
0.6 |
0.6 |
0.9 |
0.9 |
|
Other Unusual Income |
2.6 |
0.5 |
2.2 |
0.1 |
2.5 |
|
Other Revenue |
1,889.6 |
1,391.1 |
1,133.7 |
2,694.6 |
599.5 |
|
Non-Interest Income, Bank |
24,056.2 |
19,177.3 |
22,921.2 |
21,192.0 |
18,413.9 |
|
Labor & Related Expenses |
-14,357.8 |
-12,355.7 |
-11,752.1 |
-9,965.7 |
-8,806.5 |
|
Depreciation Expense |
-2,932.5 |
-2,569.2 |
-2,220.2 |
-1,813.1 |
-1,707.0 |
|
Foreign Currency Losses |
-0.7 |
- |
- |
- |
- |
|
Other Unusual Expense |
-6,193.1 |
-996.3 |
-2,615.1 |
432.2 |
-1,251.9 |
|
Other Expense |
-16,312.8 |
-12,401.6 |
-12,762.8 |
-11,004.2 |
-7,294.1 |
|
Non-Interest Expense, Bank |
-40,522.0 |
-28,322.9 |
-29,350.2 |
-22,350.8 |
-19,059.5 |
|
Income Before Tax |
11,038.8 |
15,961.1 |
14,724.8 |
15,869.0 |
15,015.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
2,469.4 |
3,871.4 |
1,678.1 |
2,685.5 |
3,178.2 |
|
Income After Tax |
8,569.4 |
12,089.7 |
13,046.7 |
13,183.5 |
11,836.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-1,095.7 |
-1,219.5 |
-653.0 |
-667.0 |
-788.2 |
|
Net Income Before Extraord Items |
7,473.7 |
10,870.2 |
12,393.7 |
12,516.5 |
11,048.6 |
|
Discontinued Operations |
-33.4 |
-35.7 |
42.9 |
466.8 |
1,351.9 |
|
Total Extraord Items |
-33.4 |
-35.7 |
42.9 |
466.8 |
1,351.9 |
|
Net Income |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
7,473.7 |
10,870.2 |
12,393.7 |
12,516.5 |
11,048.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
9,155.6 |
9,055.1 |
8,888.0 |
8,320.4 |
7,783.1 |
|
Basic EPS Excl Extraord Items |
0.82 |
1.20 |
1.39 |
1.50 |
1.42 |
|
Basic/Primary EPS Incl Extraord Items |
0.81 |
1.20 |
1.40 |
1.56 |
1.59 |
|
Diluted Net Income |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
Diluted Weighted Average Shares |
9,752.0 |
9,643.0 |
9,479.6 |
8,371.1 |
7,859.1 |
|
Diluted EPS Excl Extraord Items |
0.77 |
1.13 |
1.31 |
1.50 |
1.41 |
|
Diluted EPS Incl Extraord Items |
0.76 |
1.12 |
1.31 |
1.55 |
1.58 |
|
Dividends per Share - Common Stock Primary Issue |
0.78 |
0.59 |
0.62 |
0.69 |
0.59 |
|
Gross Dividends - Common Stock |
7,685.0 |
6,620.5 |
6,841.0 |
7,038.4 |
5,570.8 |
|
Depreciation, Supplemental |
1,280.6 |
1,133.5 |
1,071.3 |
854.8 |
834.8 |
|
Total Special Items |
3,626.3 |
532.3 |
438.6 |
-580.2 |
-1,226.0 |
|
Normalized Income Before Tax |
14,665.1 |
16,493.4 |
15,163.3 |
15,288.8 |
13,789.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
811.2 |
129.1 |
50.0 |
-98.2 |
-259.5 |
|
Inc Tax Ex Impact of Sp Items |
3,280.7 |
4,000.5 |
1,728.0 |
2,587.4 |
2,918.7 |
|
Normalized Income After Tax |
11,384.4 |
12,492.9 |
13,435.3 |
12,701.5 |
10,870.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
10,288.8 |
11,273.4 |
12,782.3 |
12,034.5 |
10,082.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.12 |
1.25 |
1.44 |
1.45 |
1.30 |
|
Diluted Normalized EPS |
1.06 |
1.17 |
1.35 |
1.44 |
1.28 |
|
Amort of Intangibles, Supplemental |
1,651.9 |
1,435.8 |
1,148.9 |
958.4 |
872.2 |
|
Rental Expenses |
357.3 |
283.4 |
289.3 |
210.6 |
- |
|
Advertising Expense, Supplemental |
966.4 |
839.0 |
826.7 |
782.3 |
758.2 |
|
Bank Total Revenue |
66,911.4 |
57,881.1 |
59,495.4 |
46,845.1 |
38,756.1 |
|
Interest Cost - Domestic |
162.7 |
184.1 |
212.8 |
212.1 |
227.2 |
|
Service Cost - Domestic |
1.4 |
1.3 |
1.4 |
7.3 |
6.8 |
|
Prior Service Cost - Domestic |
0.0 |
37.1 |
0.0 |
0.0 |
- |
|
Actuarial Gains and Losses - Domestic |
-4.2 |
-18.5 |
52.8 |
5.9 |
17.8 |
|
Curtailments & Settlements - Domestic |
- |
- |
0.0 |
0.0 |
-1.4 |
|
Other Pension, Net - Domestic |
76.5 |
0.0 |
357.4 |
781.1 |
24.6 |
|
Domestic Pension Plan Expense |
240.5 |
185.4 |
571.6 |
1,000.5 |
258.7 |
|
Interest Cost - Foreign |
2,013.4 |
1,794.5 |
1,534.0 |
1,464.1 |
1,271.5 |
|
Service Cost - Foreign |
118.2 |
123.2 |
168.3 |
179.9 |
201.2 |
|
Prior Service Cost - Foreign |
0.0 |
0.0 |
-1.4 |
0.0 |
0.0 |
|
Expected Return on Assets - Foreign |
-1,968.9 |
-1,617.1 |
-1,379.6 |
-1,353.0 |
-1,153.8 |
|
Actuarial Gains and Losses - Foreign |
248.9 |
139.1 |
101.5 |
43.9 |
28.7 |
|
Other Pension, Net - Foreign |
-73.7 |
55.6 |
-1.4 |
4.4 |
317.5 |
|
Foreign Pension Plan Expense |
89.0 |
356.3 |
321.3 |
295.5 |
636.4 |
|
Interest Cost - Post-Retirement |
298.9 |
284.7 |
314.3 |
351.0 |
331.2 |
|
Service Cost - Post-Retirement |
72.3 |
68.9 |
76.5 |
81.9 |
76.6 |
|
Prior Service Cost - Post-Retirement |
34.8 |
53.0 |
40.3 |
92.1 |
79.4 |
|
Expected Return on Assets - Post-Retir. |
-9.7 |
-9.3 |
-9.7 |
-11.7 |
-10.9 |
|
Actuarial Gains and Losses - Post-Retir. |
1.4 |
4.0 |
13.9 |
8.8 |
8.2 |
|
Curtailments & Settlements - Post-Retir. |
-119.6 |
-119.2 |
-132.1 |
-139.0 |
-139.6 |
|
Other Post-Retirement, Net |
-7.0 |
-26.5 |
-97.4 |
-62.9 |
-19.2 |
|
Post-Retirement Plan Expense |
354.6 |
317.8 |
283.7 |
358.4 |
377.8 |
|
Total Pension Expense |
684.1 |
859.5 |
1,176.6 |
1,654.3 |
1,272.9 |
|
Discount Rate - Foreign |
4.95% |
5.45% |
5.75% |
6.40% |
5.30% |
|
Discount Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Expected Rate of Return - Domestic |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate - Domestic |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Compensation Rate - Foreign |
3.10% |
3.50% |
3.40% |
3.50% |
4.00% |
|
Compensation Rate - Post-Retirement |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Pension Payment Rate - Foreign |
3.00% |
3.40% |
3.30% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
2,475.0 |
2,263.3 |
2,061.1 |
2,027.3 |
1,829.9 |
|
Total Plan Service Cost |
191.9 |
193.4 |
246.2 |
269.1 |
284.7 |
|
Total Plan Expected Return |
-1,978.6 |
-1,626.3 |
-1,389.3 |
-1,364.7 |
-1,164.7 |
|
Total Plan Other Expense |
-4.2 |
29.1 |
258.7 |
722.6 |
323.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
0.719399 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Due from Banks |
125,302.6 |
104,352.8 |
50,057.6 |
63,638.4 |
45,415.3 |
|
Interest-earning Deposits |
55,027.3 |
60,112.3 |
104,163.4 |
114,517.0 |
58,703.2 |
|
Trading Account Assets |
224,110.0 |
210,303.7 |
193,769.2 |
211,033.5 |
232,183.6 |
|
Other Short Term Investments |
12,849.1 |
11,036.9 |
11,239.6 |
13,480.9 |
4,478.5 |
|
Securities Held |
3,438.8 |
6,176.9 |
10,567.2 |
7,165.3 |
10,340.2 |
|
Securities for Sale |
134,393.6 |
162,476.0 |
167,964.7 |
96,723.4 |
90,802.0 |
|
Total Investment Securities |
137,832.4 |
168,653.0 |
178,531.9 |
103,888.8 |
101,142.2 |
|
Other Earning Assets, Total |
429,818.8 |
450,105.9 |
487,704.1 |
442,920.1 |
396,507.5 |
|
Total Gross Loans |
972,615.5 |
986,466.3 |
978,526.9 |
875,310.9 |
801,302.3 |
|
Loan Loss Allowances |
-24,581.8 |
-26,424.5 |
-25,643.4 |
-17,328.4 |
-12,712.8 |
|
Net Loans |
956,913.1 |
971,349.7 |
952,883.5 |
857,982.5 |
788,589.4 |
|
Other
Property/Plant/Equipment |
28,025.8 |
24,053.7 |
21,130.5 |
18,438.0 |
- |
|
Property/Plant/Equipment - Gross |
28,025.8 |
24,053.7 |
21,130.5 |
18,438.0 |
- |
|
Accumulated Depreciation |
-10,051.6 |
-9,106.7 |
-8,223.8 |
-6,620.5 |
- |
|
Property/Plant/Equipment - Net |
17,974.2 |
14,947.1 |
12,906.6 |
11,817.6 |
13,829.6 |
|
Goodwill, Net |
32,569.3 |
33,032.1 |
32,805.6 |
26,183.3 |
20,221.2 |
|
Intangibles - Gross |
7,975.8 |
8,282.8 |
6,742.4 |
- |
- |
|
Accumulated Intangible Amortization |
-4,089.2 |
-3,665.1 |
-2,756.2 |
- |
- |
|
Intangibles, Net |
3,886.7 |
4,617.7 |
3,986.2 |
2,484.1 |
3,219.9 |
|
LT Investment - Affiliate Companies |
5,393.8 |
366.1 |
236.0 |
1,839.7 |
22,938.3 |
|
Long Term Investments |
5,393.8 |
366.1 |
236.0 |
1,839.7 |
22,938.3 |
|
Deferred Income Tax - Long Term Asset |
23,056.4 |
22,925.3 |
22,708.2 |
20,356.1 |
15,867.3 |
|
Other Long Term Assets, Total |
23,056.4 |
22,925.3 |
22,708.2 |
20,356.1 |
15,867.3 |
|
Other Assets |
29,753.6 |
31,641.3 |
30,044.3 |
31,818.6 |
28,138.8 |
|
Other Assets, Total |
29,753.6 |
31,641.3 |
30,044.3 |
31,818.6 |
28,138.8 |
|
Total Assets |
1,624,668.5 |
1,633,338.0 |
1,593,332.1 |
1,459,040.3 |
1,334,727.3 |
|
|
|
|
|
|
|
|
Accrued Expenses |
- |
6,562.2 |
7,803.4 |
6,385.3 |
5,713.3 |
|
Interest Bearing Deposits |
1,006,937.3 |
1,014,866.5 |
931,211.3 |
764,676.0 |
684,683.6 |
|
Total Deposits |
1,006,937.3 |
1,014,866.5 |
931,211.3 |
764,676.0 |
684,683.6 |
|
Income Taxes Payable |
6,621.9 |
5,777.0 |
4,788.4 |
3,203.5 |
3,526.7 |
|
Other Current liabilities, Total |
6,621.9 |
5,777.0 |
4,788.4 |
3,203.5 |
3,526.7 |
|
Long Term Debt |
286,065.5 |
299,631.0 |
356,919.6 |
382,648.2 |
393,992.4 |
|
Total Long Term Debt |
286,065.5 |
299,631.0 |
356,919.6 |
382,648.2 |
393,992.4 |
|
Total Debt |
286,065.5 |
299,631.0 |
356,919.6 |
382,648.2 |
393,992.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
3,989.2 |
5,785.0 |
5,260.5 |
4,815.2 |
5,474.3 |
|
Deferred Income Tax |
3,989.2 |
5,785.0 |
5,260.5 |
4,815.2 |
5,474.3 |
|
Minority Interest |
8,366.6 |
7,909.9 |
7,466.5 |
3,356.4 |
3,447.9 |
|
Reserves |
8,473.0 |
8,238.1 |
9,905.6 |
9,088.3 |
6,946.4 |
|
Pension Benefits - Underfunded |
11,741.8 |
12,770.3 |
15,249.5 |
15,565.9 |
17,281.1 |
|
Discontinued Operations - Liabilities |
54.5 |
73.2 |
421.1 |
69.1 |
92.7 |
|
Other Liabilities |
193,221.8 |
171,083.9 |
155,786.9 |
189,183.8 |
132,864.0 |
|
Other Liabilities, Total |
213,491.2 |
192,165.6 |
181,363.1 |
213,907.1 |
157,184.2 |
|
Total Liabilities |
1,525,471.6 |
1,532,697.2 |
1,494,812.8 |
1,378,991.7 |
1,254,022.3 |
|
|
|
|
|
|
|
|
Common Stock |
5,783.3 |
5,587.0 |
5,903.2 |
5,556.1 |
4,572.0 |
|
Common Stock |
5,783.3 |
5,587.0 |
5,903.2 |
5,556.1 |
4,572.0 |
|
Additional Paid-In Capital |
40,532.1 |
39,518.2 |
42,045.7 |
39,065.7 |
29,782.1 |
|
Retained Earnings (Accumulated Deficit) |
49,759.4 |
48,950.6 |
48,135.6 |
41,346.8 |
37,182.4 |
|
Treasury Stock - Common |
-325.8 |
-258.0 |
-42.7 |
-585.5 |
-0.3 |
|
Translation Adjustment |
-1,762.9 |
1,423.9 |
-5,526.4 |
-13,101.0 |
-1,866.7 |
|
Other Equity |
5,210.8 |
5,419.1 |
8,004.0 |
7,766.6 |
11,035.3 |
|
Other Equity, Total |
3,447.9 |
6,843.0 |
2,477.6 |
-5,334.4 |
9,168.7 |
|
Total Equity |
99,196.8 |
100,640.9 |
98,519.4 |
80,048.7 |
80,705.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,624,668.5 |
1,633,338.0 |
1,593,332.1 |
1,459,040.3 |
1,334,727.3 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
9,493.7 |
9,326.6 |
9,310.6 |
9,049.8 |
7,660.1 |
|
Total Common Shares Outstanding |
9,493.7 |
9,326.6 |
9,310.6 |
9,049.8 |
7,660.1 |
|
Treasury Shares - Common Stock Primary Issue |
- |
- |
2.9 |
79.0 |
0.3 |
|
Employees |
193,349 |
178,869 |
169,460 |
170,961 |
131,819 |
|
Number of Common Shareholders |
3,293,537 |
3,202,324 |
3,062,633 |
3,034,816 |
2,278,321 |
|
Accumulated Intangible Amort, Suppl. |
4,089.2 |
3,665.2 |
2,755.4 |
1,851.8 |
1,805.4 |
|
Total Risk-Weighted Capital |
734.7 |
811.5 |
805.9 |
714.5 |
753.0 |
|
Tier 1 Capital % |
11.01% |
10.02% |
10.10% |
9.10% |
7.71% |
|
Total Capital % |
13.56% |
13.11% |
14.20% |
13.30% |
12.66% |
|
Total Operating Leases, Supplemental |
3,846.4 |
4,032.7 |
3,803.5 |
4,060.3 |
- |
|
Operating Lease Payments Due in Year 1 |
283.0 |
284.4 |
271.2 |
289.1 |
- |
|
Operating Lease Payments Due in Year 2 |
273.9 |
275.0 |
262.6 |
289.1 |
- |
|
Operating Lease Payments Due in Year 3 |
264.8 |
267.0 |
254.0 |
290.5 |
- |
|
Operating Lease Payments Due in Year 4 |
257.0 |
258.9 |
246.8 |
250.2 |
- |
|
Operating Lease Payments Due in Year 5 |
249.2 |
250.9 |
238.2 |
291.9 |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
538.7 |
542.0 |
516.5 |
579.7 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
506.3 |
509.8 |
484.9 |
542.1 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
2,518.4 |
2,696.5 |
2,530.9 |
2,649.4 |
- |
|
Pension Obligation - Domestic |
3,610.2 |
4,390.9 |
5,525.2 |
5,790.9 |
5,849.7 |
|
Pension Obligation - Foreign |
25,589.1 |
25,336.5 |
23,234.3 |
16,930.8 |
19,755.2 |
|
Post-Retirement Obligation |
7,899.2 |
7,904.4 |
8,739.1 |
8,732.3 |
9,224.1 |
|
Plan Assets - Foreign |
23,679.6 |
23,870.2 |
20,670.4 |
15,148.8 |
17,015.3 |
|
Plan Assets - Post-Retirement |
229.8 |
245.5 |
264.0 |
268.3 |
280.7 |
|
Funded Status - Domestic |
-3,610.2 |
-4,390.9 |
-5,525.2 |
-5,790.9 |
-5,849.7 |
|
Funded Status - Foreign |
-1,909.6 |
-1,466.3 |
-2,563.9 |
-1,782.0 |
-2,739.9 |
|
Funded Status - Post-Retirement |
-7,669.5 |
-7,658.9 |
-8,475.1 |
-8,464.0 |
-8,943.4 |
|
Total Funded Status |
-13,189.2 |
-13,516.1 |
-16,564.2 |
-16,037.0 |
-17,532.9 |
|
Discount Rate - Foreign |
4.95% |
5.45% |
5.75% |
6.40% |
5.30% |
|
Discount Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Expected Rate of Return - Domestic |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate - Domestic |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Compensation Rate - Foreign |
3.10% |
3.50% |
3.40% |
3.50% |
4.00% |
|
Compensation Rate - Post-Retirement |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Pension Payment Rate - Foreign |
3.00% |
3.40% |
3.30% |
3.00% |
3.00% |
|
Total Plan Obligations |
37,098.5 |
37,631.8 |
37,498.6 |
31,454.1 |
34,829.0 |
|
Total Plan Assets |
23,909.3 |
24,115.7 |
20,934.4 |
15,417.0 |
17,296.1 |
Annual Cash Flows
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
8,536.0 |
12,054.1 |
13,089.6 |
13,650.3 |
13,188.7 |
|
Depreciation |
2,932.5 |
2,569.2 |
2,220.2 |
1,856.9 |
1,735.3 |
|
Depreciation/Depletion |
2,932.5 |
2,569.2 |
2,220.2 |
1,856.9 |
1,735.3 |
|
Other Non-Cash Items |
27,486.5 |
21,069.4 |
19,416.9 |
13,141.8 |
11,408.6 |
|
Non-Cash Items |
27,486.5 |
21,069.4 |
19,416.9 |
13,141.8 |
11,408.6 |
|
Other Assets |
468.6 |
-37,727.0 |
-33,028.7 |
-103,207.5 |
-65,594.8 |
|
Other Liabilities |
13,301.1 |
73,486.8 |
-24,657.0 |
99,822.3 |
86,928.5 |
|
Other Operating Cash Flow |
-2,676.6 |
-2,752.1 |
-2,123.6 |
-2,113.7 |
-4,353.9 |
|
Changes in Working Capital |
11,093.0 |
33,007.7 |
-59,809.3 |
-5,499.0 |
16,979.8 |
|
Cash from Operating Activities |
50,048.0 |
68,700.5 |
-25,082.5 |
23,150.0 |
43,312.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-2,583.5 |
-4,813.9 |
-2,614.0 |
-4,004.5 |
-3,829.2 |
|
Purchase/Acquisition of Intangibles |
-2,141.3 |
-1,992.7 |
-4,482.0 |
-1,097.6 |
-2,549.0 |
|
Capital Expenditures |
-4,724.8 |
-6,806.6 |
-7,096.0 |
-5,102.1 |
-6,378.2 |
|
Acquisition of Business |
-9,977.9 |
-211.9 |
-312.9 |
-1,102.2 |
-16,814.3 |
|
Sale of Business |
1,451.6 |
43.4 |
1,051.5 |
1,276.8 |
1,339.4 |
|
Sale of Fixed Assets |
3,367.7 |
3,349.2 |
8,531.2 |
6,317.1 |
5,721.9 |
|
Sale/Maturity of Investment |
13.9 |
150.8 |
1,856.0 |
0.0 |
- |
|
Purchase of Investments |
-1.4 |
-14.4 |
-18.8 |
0.0 |
-12,808.0 |
|
Other Investing Cash Flow |
- |
- |
- |
0.0 |
- |
|
Other Investing Cash Flow Items, Total |
-5,146.1 |
3,317.2 |
11,107.0 |
6,491.7 |
-22,560.9 |
|
Cash from Investing Activities |
-9,870.8 |
-3,489.4 |
4,011.0 |
1,389.6 |
-28,939.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
10,390.9 |
10,089.7 |
20,409.0 |
10,855.7 |
11,770.1 |
|
Financing Cash Flow Items |
10,390.9 |
10,089.7 |
20,409.0 |
10,855.7 |
11,770.1 |
|
Cash Dividends Paid - Common |
-4,851.3 |
-5,439.2 |
-6,100.5 |
-6,206.2 |
-4,731.1 |
|
Total Cash Dividends Paid |
-4,851.3 |
-5,439.2 |
-6,100.5 |
-6,206.2 |
-4,731.1 |
|
Sale/Issuance of
Common |
- |
- |
0.0 |
10,269.0 |
0.0 |
|
Repurchase/Retirement
of Common |
-9,645.6 |
-9,763.3 |
-12,883.2 |
-11,471.5 |
-11,596.8 |
|
Common Stock, Net |
-9,645.6 |
-9,763.3 |
-12,883.2 |
-1,202.5 |
-11,596.8 |
|
Issuance (Retirement) of Stock, Net |
-9,645.6 |
-9,763.3 |
-12,883.2 |
-1,202.5 |
-11,596.8 |
|
Long Term Debt Issued |
- |
- |
- |
0.0 |
9,614.6 |
|
Long Term Debt
Reduction |
- |
- |
- |
-1,347.1 |
-3,684.5 |
|
Long Term Debt, Net |
- |
- |
- |
-1,347.1 |
5,930.1 |
|
Total Debt Issued |
237.8 |
379.7 |
5,081.1 |
456.1 |
11,400.8 |
|
Total Debt Reduction |
-7,409.7 |
-10,233.6 |
-5,904.0 |
-1,923.7 |
-3,332.6 |
|
Issuance (Retirement) of Debt, Net |
-7,172.0 |
-9,853.9 |
-822.9 |
-2,814.7 |
13,998.3 |
|
Cash from Financing Activities |
-11,278.0 |
-14,966.7 |
602.4 |
632.4 |
9,440.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-2,844.9 |
6,565.5 |
5,321.4 |
-3,643.4 |
-234.8 |
|
Net Change in Cash |
26,054.3 |
56,809.8 |
-15,147.7 |
21,528.5 |
23,578.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
108,157.9 |
46,206.4 |
63,669.5 |
45,434.7 |
18,935.7 |
|
Net Cash - Ending Balance |
134,212.2 |
103,016.2 |
48,521.8 |
66,963.2 |
42,514.6 |
|
Cash Taxes Paid |
2,675.2 |
2,752.1 |
2,123.6 |
2,113.7 |
4,353.9 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Restated Normal |
Restated Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Bank of Spain |
4,438.3 |
2,560.1 |
496.5 |
1,111.6 |
741.6 |
|
Credit Entities |
1,475.3 |
1,383.9 |
3,505.8 |
5,586.6 |
3,882.8 |
|
Debt Securities |
10,297.7 |
8,253.4 |
7,769.4 |
6,592.1 |
5,484.0 |
|
Loans |
65,224.8 |
55,430.1 |
58,524.6 |
60,505.1 |
47,330.6 |
|
Insurance Related Pension Contracts |
119.6 |
118.8 |
131.6 |
139.4 |
140.4 |
|
Other Interest |
3,061.8 |
2,321.7 |
3,521.3 |
6,576.0 |
4,711.8 |
|
Dividend |
- |
- |
- |
- |
574.8 |
|
Total Revenue |
84,617.5 |
70,067.9 |
73,949.3 |
80,510.8 |
62,866.0 |
|
|
|
|
|
|
|
|
Interest Expenses |
41,762.3 |
31,364.1 |
37,375.1 |
54,857.7 |
42,523.8 |
|
Loan Loss Prov. |
15,350.6 |
13,597.1 |
15,420.4 |
8,625.2 |
4,681.7 |
|
Total Operating Expense |
57,112.9 |
44,961.3 |
52,795.5 |
63,482.9 |
47,205.5 |
|
|
|
|
|
|
|
|
Dividends |
547.8 |
479.5 |
607.0 |
808.5 |
- |
|
Equity Earnings |
79.3 |
22.4 |
-0.7 |
1,158.1 |
599.5 |
|
Fees Collected |
17,726.9 |
15,468.2 |
14,917.5 |
14,248.5 |
12,715.0 |
|
Fees Paid |
-3,166.1 |
-2,576.6 |
-2,289.5 |
-2,157.6 |
-1,945.6 |
|
Trading Portfolio |
2,938.0 |
1,737.3 |
2,918.4 |
829.1 |
1,927.0 |
|
Other Trading Finan. Instrum/Fair Value |
29.2 |
92.7 |
275.4 |
888.3 |
172.1 |
|
Trading Assets For Sale |
1,116.5 |
1,048.1 |
2,268.1 |
2,519.7 |
1,194.9 |
|
Other Trading Gains/Losses |
-137.7 |
-11.7 |
-174.8 |
-6.6 |
-137.3 |
|
Foreign Currency Gains |
- |
584.2 |
617.7 |
851.6 |
887.6 |
|
Foreign Currency Losses |
-725.8 |
- |
- |
- |
- |
|
Insurance and Reinsurance Premiums |
9,382.8 |
9,485.2 |
9,892.1 |
12,265.7 |
7,568.7 |
|
Non-Financial Services |
- |
- |
- |
- |
1,055.3 |
|
Non-Financial Services |
556.2 |
450.8 |
525.4 |
858.4 |
- |
|
Other Operating |
- |
- |
- |
- |
600.4 |
|
Other Products |
1,254.2 |
917.9 |
609.0 |
678.2 |
- |
|
Reinsurance Premiums Paid |
-8,837.7 |
-8,984.8 |
-9,420.8 |
-11,897.7 |
-7,254.0 |
|
Cost of Non-Financial Services |
-346.2 |
-271.4 |
-330.2 |
-686.2 |
- |
|
Cost of Non-Financial Services |
- |
- |
- |
- |
-847.1 |
|
Other Operating Exp. |
-1,984.2 |
-1,457.1 |
-1,075.4 |
-820.8 |
-725.5 |
|
Personnel Expenses |
-14,357.8 |
-12,355.7 |
-11,752.1 |
-9,965.7 |
-8,806.5 |
|
General Expense |
-10,365.8 |
-9,173.1 |
-8,865.0 |
-7,097.6 |
-5,943.2 |
|
Depreciation |
-2,932.5 |
-2,569.2 |
-2,220.2 |
-1,813.1 |
-1,707.0 |
|
General Banking Provisions |
-3,616.6 |
-1,500.0 |
-2,492.4 |
-2,399.6 |
-1,225.7 |
|
Writedown Fin. Assets Held for Sale |
-1,151.3 |
-233.4 |
-681.9 |
-564.8 |
-13.0 |
|
Writedown Goodwill |
-1,614.3 |
-91.9 |
-43.5 |
-1,439.2 |
-1,591.6 |
|
Writedown Other Assets |
-495.0 |
-286.7 |
-185.5 |
-95.5 |
-527.4 |
|
Disposal of Assets - Gains |
2,566.8 |
464.0 |
2,176.5 |
148.0 |
2,477.9 |
|
Disposal of Assets - Non-Current Sale |
-2,932.5 |
-384.3 |
-1,704.2 |
2,531.7 |
880.1 |
|
Total Non-Interest Revenue |
24,056.2 |
19,177.3 |
22,921.2 |
21,192.0 |
18,413.9 |
|
|
|
|
|
|
|
|
Total Non-Interest Expense |
-40,522.0 |
-28,322.9 |
-29,350.2 |
-22,350.8 |
-19,059.5 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
11,038.8 |
15,961.1 |
14,724.8 |
15,869.0 |
15,015.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
2,469.4 |
3,871.4 |
1,678.1 |
2,685.5 |
3,178.2 |
|
Net Income After Taxes |
8,569.4 |
12,089.7 |
13,046.7 |
13,183.5 |
11,836.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-1,095.7 |
-1,219.5 |
-653.0 |
-667.0 |
-788.2 |
|
Net Income Before Extra. Items |
7,473.7 |
10,870.2 |
12,393.7 |
12,516.5 |
11,048.6 |
|
Discontinued Operations |
-33.4 |
-35.7 |
42.9 |
466.8 |
1,351.9 |
|
Net Income |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
7,473.7 |
10,870.2 |
12,393.7 |
12,516.5 |
11,048.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
9,155.6 |
9,055.1 |
8,888.0 |
8,320.4 |
7,783.1 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.82 |
1.20 |
1.39 |
1.50 |
1.42 |
|
Basic EPS Including ExtraOrdinary Item |
0.81 |
1.20 |
1.40 |
1.56 |
1.59 |
|
Diluted Net Income |
7,440.3 |
10,834.5 |
12,436.7 |
12,983.3 |
12,400.5 |
|
Diluted Weighted Average Shares |
9,752.0 |
9,643.0 |
9,479.6 |
8,371.1 |
7,859.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.77 |
1.13 |
1.31 |
1.50 |
1.41 |
|
Diluted EPS Including ExtraOrd Items |
0.76 |
1.12 |
1.31 |
1.55 |
1.58 |
|
DPS-Common Stock |
0.78 |
0.59 |
0.62 |
0.69 |
0.59 |
|
Gross Dividends - Common Stock |
7,685.0 |
6,620.5 |
6,841.0 |
7,038.4 |
5,570.8 |
|
Normalized Income Before Taxes |
14,665.1 |
16,493.4 |
15,163.3 |
15,288.8 |
13,789.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
3,280.7 |
4,000.5 |
1,728.0 |
2,587.4 |
2,918.7 |
|
Normalized Income After Taxes |
11,384.4 |
12,492.9 |
13,435.3 |
12,701.5 |
10,870.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
10,288.8 |
11,273.4 |
12,782.3 |
12,034.5 |
10,082.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.12 |
1.24 |
1.44 |
1.45 |
1.30 |
|
Diluted Normalized EPS |
1.05 |
1.17 |
1.35 |
1.44 |
1.28 |
|
Amortisation Intangibles |
1,651.9 |
1,435.8 |
1,148.9 |
958.4 |
872.2 |
|
Depreciation |
1,280.6 |
1,133.5 |
1,071.3 |
854.8 |
834.8 |
|
Advertising Expenses |
966.4 |
839.0 |
826.7 |
782.3 |
758.2 |
|
Rental Expense, Supplemental |
357.3 |
283.4 |
289.3 |
210.6 |
- |
|
Service Cost |
1.4 |
1.3 |
1.4 |
7.3 |
6.8 |
|
Interest Cost |
162.7 |
184.1 |
212.8 |
212.1 |
227.2 |
|
Pre-Retirement Costs |
76.5 |
13.2 |
357.4 |
858.6 |
54.7 |
|
Curtailments & Settlements - Domestic |
- |
- |
0.0 |
0.0 |
-1.4 |
|
Prior Service Cost |
0.0 |
37.1 |
0.0 |
0.0 |
- |
|
Actuarial Gains and Losses |
-4.2 |
-18.5 |
52.8 |
5.9 |
17.8 |
|
Other |
0.0 |
-13.2 |
0.0 |
-77.5 |
-30.1 |
|
Domestic Pension Plan Expense |
240.5 |
185.4 |
571.6 |
1,000.5 |
258.7 |
|
Service Cost/Great Britain |
64.0 |
56.9 |
100.1 |
100.9 |
132.8 |
|
Interest Cost/Great Britain |
579.8 |
550.9 |
510.4 |
484.1 |
440.7 |
|
Prior Service Cost/Great Britain |
0.0 |
0.0 |
-1.4 |
0.0 |
0.0 |
|
Expected Return on Assets/Great Britain |
-622.9 |
-490.0 |
-445.0 |
-435.9 |
-388.7 |
|
Actuarial Gains & Losses/Great Britain |
7.0 |
29.1 |
0.0 |
-1.5 |
-1.4 |
|
Service Cost-Other Foreign |
54.2 |
66.2 |
68.1 |
79.0 |
68.4 |
|
Interest Cost-Other Foreign |
1,433.6 |
1,243.6 |
1,023.6 |
980.0 |
830.8 |
|
Pre-Retirements Cost-Other Foreign |
33.4 |
41.1 |
12.5 |
7.3 |
21.9 |
|
Expected Return on Assets-Other Foreign |
-1,346.0 |
-1,127.0 |
-934.6 |
-917.1 |
-765.1 |
|
Actuarial Gains and Losses-Other Foreign |
241.9 |
109.9 |
101.5 |
45.3 |
30.1 |
|
Other Pension-Other Foreign |
-107.1 |
14.6 |
-13.9 |
-2.9 |
295.6 |
|
Foreign Pension Plan Expense |
89.0 |
356.3 |
321.3 |
295.5 |
636.4 |
|
Service Cost-Spain |
72.3 |
68.9 |
76.5 |
81.9 |
76.6 |
|
Interest Cost-Spain |
298.9 |
284.7 |
314.3 |
351.0 |
331.2 |
|
Early Retirement Costs |
2.8 |
1.3 |
-26.4 |
-33.6 |
2.7 |
|
Curtailments & Settlements - Post-Retir. |
-119.6 |
-119.2 |
-132.1 |
-139.0 |
-139.6 |
|
Prior Service Cost-Spain |
34.8 |
53.0 |
40.3 |
92.1 |
79.4 |
|
Actuarial Gains & Losses-Spain |
1.4 |
4.0 |
13.9 |
8.8 |
8.2 |
|
Other-Spain |
-9.7 |
-27.8 |
-70.9 |
-29.3 |
-21.9 |
|
Expected Return on Assets-Spain |
-9.7 |
-9.3 |
-9.7 |
-11.7 |
-10.9 |
|
Post-Retirement Plan Expense |
354.6 |
317.8 |
283.7 |
358.4 |
377.8 |
|
Total Pension Expense |
684.1 |
859.5 |
1,176.6 |
1,654.3 |
1,272.9 |
|
Expected Rate of Return-Spain |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate-Spain |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Discount Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate - Post-Retirement |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Discount Rate - Great Britain |
4.95% |
5.45% |
5.75% |
6.40% |
5.30% |
|
Compensation Rate- Great Britain |
3.10% |
3.50% |
3.40% |
3.50% |
4.00% |
|
Pension Payment Rate-Great Britain |
3.00% |
3.40% |
3.30% |
3.00% |
3.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
0.719399 |
0.683971 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Central Bk. |
125,302.6 |
104,352.8 |
50,057.6 |
63,638.4 |
45,415.3 |
|
Trading - Credit Entities |
6,018.2 |
21,754.8 |
8,541.0 |
7,158.2 |
17,975.3 |
|
Trading Clients Loans |
10,457.9 |
1,013.1 |
14,457.1 |
951.3 |
34,657.1 |
|
Trading Debt Securities |
68,417.7 |
77,637.3 |
71,623.5 |
61,017.0 |
96,979.0 |
|
Other Trading Account |
6,158.4 |
11,873.1 |
13,268.6 |
8,719.0 |
14,246.9 |
|
Trading Derivatives |
133,057.8 |
98,025.4 |
85,879.0 |
133,188.1 |
68,325.3 |
|
Credit Entities - Securities |
6,102.6 |
25,262.9 |
23,304.1 |
12,388.0 |
10,037.1 |
|
Clients - Securities |
15,250.7 |
10,433.8 |
11,949.3 |
12,472.5 |
11,728.0 |
|
Debt Securities |
3,438.8 |
6,176.9 |
10,567.2 |
7,165.3 |
10,340.2 |
|
Other Securities Held |
603.6 |
11,091.1 |
8,432.5 |
3,861.3 |
4,196.6 |
|
Debt Securities for Sale |
105,914.8 |
106,906.5 |
113,760.4 |
59,143.4 |
49,983.2 |
|
Other Securities for Sale |
6,521.9 |
8,781.8 |
10,518.4 |
8,858.3 |
14,857.1 |
|
Due from Banks |
55,027.3 |
60,112.3 |
82,700.5 |
89,979.0 |
56,264.0 |
|
Clients, Gross |
972,615.5 |
986,466.3 |
978,526.9 |
875,310.9 |
801,302.3 |
|
Loan Loss Allowances |
-24,581.8 |
-26,424.5 |
-25,643.4 |
-17,328.4 |
-12,712.8 |
|
Other Loans |
8,879.3 |
11,307.9 |
- |
- |
- |
|
Debt Securities - Deposits |
- |
- |
21,462.9 |
24,537.9 |
2,439.2 |
|
Financial Adjustment |
2,627.5 |
1,964.3 |
2,037.1 |
3,339.9 |
434.4 |
|
Hedging Derivatives |
12,849.1 |
11,036.9 |
11,239.6 |
13,480.9 |
4,478.5 |
|
Other LT Assets for Sale |
6,929.5 |
8,431.7 |
8,306.0 |
12,882.3 |
14,849.2 |
|
Investments in Affliates |
2,691.1 |
- |
- |
- |
- |
|
Holdings |
2,702.7 |
366.1 |
236.0 |
1,839.7 |
22,938.3 |
|
Pension Linked Insurance Contracts |
2,785.8 |
2,978.2 |
3,380.5 |
3,401.4 |
3,692.5 |
|
Reinsurance Assets |
329.7 |
733.0 |
598.0 |
637.2 |
452.9 |
|
Tangibles, Own Use |
- |
- |
- |
- |
6,268.7 |
|
Tangibles - Real Estate |
- |
- |
- |
- |
673.6 |
|
Tangibles in Leasing |
- |
- |
- |
- |
6,887.3 |
|
Tangibles- Own Use |
18,955.6 |
17,962.9 |
16,125.6 |
13,770.4 |
- |
|
Tangibles Leased |
3,993.1 |
4,327.8 |
3,442.5 |
3,439.4 |
- |
|
Real Estate Investments |
5,591.1 |
2,094.5 |
1,755.0 |
1,261.2 |
- |
|
Depreciation |
-10,051.6 |
-9,106.7 |
-8,223.8 |
-6,620.5 |
- |
|
Impairment Losses |
-514.1 |
-331.5 |
-192.6 |
-33.0 |
- |
|
Goodwill, Net |
32,569.3 |
33,032.1 |
32,805.6 |
26,183.3 |
20,221.2 |
|
Amortization |
-4,089.2 |
-3,665.1 |
-2,756.2 |
- |
- |
|
Intangibles, Gross |
7,975.8 |
8,282.8 |
6,742.4 |
- |
- |
|
Intangibles, Net |
- |
- |
- |
2,484.1 |
3,219.9 |
|
Tax Receivable |
6,672.5 |
7,356.6 |
6,926.3 |
3,210.3 |
2,697.9 |
|
Deferred Tax |
23,056.4 |
22,925.3 |
22,708.2 |
20,356.1 |
15,867.3 |
|
Accrual Accounts |
- |
3,432.7 |
3,241.5 |
2,714.5 |
2,557.4 |
|
Stocks |
414.1 |
610.5 |
744.4 |
862.9 |
338.8 |
|
Other Assets |
9,994.5 |
6,134.3 |
4,810.4 |
4,770.1 |
3,115.6 |
|
Total Assets |
1,624,668.5 |
1,633,338.0 |
1,593,332.1 |
1,459,040.3 |
1,334,727.3 |
|
|
|
|
|
|
|
|
Trading/ Central Banks Deposits |
10,047.7 |
16,910.5 |
4,244.7 |
12,663.2 |
0.0 |
|
Trading/ Credit Institutions Deposits |
12,055.9 |
38,060.3 |
61,883.2 |
37,311.5 |
33,998.7 |
|
Trading/ Clients Deposits |
21,515.5 |
10,529.8 |
6,683.6 |
6,805.8 |
40,926.4 |
|
Trading/ Derivatives |
133,817.2 |
100,990.7 |
84,237.9 |
123,947.2 |
72,294.8 |
|
Trading/ Short Positions |
13,224.3 |
16,505.0 |
7,374.2 |
4,219.1 |
8,206.8 |
|
Trading/ Other Financial Liabilities |
0.0 |
0.0 |
434.0 |
0.0 |
0.0 |
|
Fair Value/ Central Banks Deposits |
1,960.2 |
452.1 |
14,495.5 |
6,111.9 |
9,594.5 |
|
Fair Value/ Credit Institutions Deposits |
10,686.4 |
25,842.3 |
18,285.7 |
13,529.7 |
17,848.1 |
|
Fair Value/ Clients Deposits |
35,026.7 |
36,412.4 |
20,999.7 |
12,952.6 |
15,598.7 |
|
Amortized Cost/ Central Banks Deposits |
45,430.1 |
11,596.4 |
32,059.6 |
12,805.1 |
32,436.7 |
|
Amortized Cost/ Credit Instit. Deposits |
105,634.4 |
95,105.9 |
72,858.4 |
98,114.6 |
71,183.6 |
|
Amortized Cost/ Clients Deposits |
764,580.5 |
779,956.9 |
699,700.9 |
564,381.5 |
463,097.0 |
|
Amortized Cost/ Other Finan. Liabilities |
23,653.6 |
25,950.1 |
27,690.7 |
24,577.7 |
24,392.1 |
|
Hedged Items / Fair Value Change |
1,137.2 |
1,087.2 |
1,157.0 |
611.8 |
-755.5 |
|
Hedging Derivatives |
8,365.3 |
8,899.3 |
7,447.9 |
8,281.4 |
6,044.9 |
|
Held for Sale Liabilities |
54.5 |
73.2 |
421.1 |
69.1 |
92.7 |
|
Insurance Liabilities |
671.1 |
14,018.2 |
24,270.9 |
23,421.7 |
19,055.8 |
|
Accrual Accounts |
- |
6,562.2 |
7,803.4 |
6,385.3 |
5,713.3 |
|
Tax Payable |
6,621.9 |
5,777.0 |
4,788.4 |
3,203.5 |
3,526.7 |
|
Trading/ Debt Securities |
100.0 |
490.0 |
840.8 |
4,962.2 |
24,987.8 |
|
Fair Value/ Debt Securities |
10,625.4 |
5,738.8 |
7,011.4 |
7,215.9 |
15,028.5 |
|
Amortized Cost/ Debt Securities |
245,493.1 |
252,518.9 |
296,262.0 |
316,434.3 |
301,060.5 |
|
Subordinated Debt |
29,847.1 |
40,883.2 |
52,805.4 |
54,035.8 |
52,915.6 |
|
Total Long Term Debt |
286,065.5 |
299,631.0 |
356,919.6 |
382,648.2 |
393,992.4 |
|
|
|
|
|
|
|
|
Deferred Tax |
3,989.2 |
5,785.0 |
5,260.5 |
4,815.2 |
5,474.3 |
|
Pension Provision |
11,741.8 |
12,770.3 |
15,249.5 |
15,565.9 |
17,281.1 |
|
Taxes & Other Provisions |
4,755.1 |
4,923.7 |
4,710.8 |
3,285.7 |
2,508.8 |
|
Contingent Liabilities Provisions |
855.5 |
1,382.1 |
920.6 |
943.3 |
930.3 |
|
Other Provisions |
2,862.4 |
1,932.3 |
4,274.3 |
4,859.4 |
3,507.3 |
|
Minority Inter. |
7,801.9 |
6,785.2 |
7,401.6 |
3,872.6 |
3,555.5 |
|
Minority Interest/Adjustment |
564.7 |
1,124.8 |
64.9 |
-516.1 |
-107.6 |
|
Other Liabilities |
12,353.2 |
3,633.4 |
3,135.4 |
4,124.9 |
3,625.1 |
|
Rounding Adjustment |
- |
- |
38.7 |
- |
- |
|
Total Liabilities |
1,525,471.6 |
1,532,697.2 |
1,494,812.8 |
1,378,991.7 |
1,254,022.3 |
|
|
|
|
|
|
|
|
Capital Stock |
5,783.3 |
5,587.0 |
5,903.2 |
5,556.1 |
4,572.0 |
|
Paid in Capital |
40,532.1 |
39,518.2 |
42,045.7 |
39,065.7 |
29,782.1 |
|
Accum. Reserves |
42,736.4 |
37,905.0 |
35,208.2 |
29,411.9 |
22,626.7 |
|
Equity Reserves |
76.6 |
70.5 |
97.1 |
-403.8 |
1,309.2 |
|
Other Capital Instruments |
2,165.3 |
2,237.8 |
0.0 |
0.0 |
- |
|
Own Shares |
-325.8 |
-258.0 |
-42.7 |
-585.5 |
-0.3 |
|
Dividends |
-2,038.1 |
-1,703.8 |
-3,294.9 |
-3,744.0 |
-2,248.4 |
|
Equity in Affiliates |
- |
-0.2 |
0.0 |
-206.3 |
-2.7 |
|
Fin. Assets for Sale |
-1,268.3 |
-1,675.4 |
925.9 |
110.2 |
2,036.9 |
|
Cash Covers |
-262.2 |
-230.4 |
-366.6 |
-430.8 |
-45.4 |
|
Foreign Investment Covers |
-2,401.6 |
-2,623.8 |
425.7 |
2,039.6 |
933.5 |
|
Foreign Exchange Adj. |
-1,762.9 |
1,423.9 |
-5,526.4 |
-13,101.0 |
-1,866.7 |
|
Fin. Instruments |
-123.3 |
0.0 |
0.3 |
51.3 |
0.0 |
|
Other Equity |
9,139.0 |
9,414.9 |
10,313.7 |
9,946.6 |
10,361.4 |
|
Group Income |
6,946.4 |
10,975.1 |
12,830.3 |
12,338.7 |
13,246.6 |
|
Total Equity |
99,196.8 |
100,640.9 |
98,519.4 |
80,048.7 |
80,705.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,624,668.5 |
1,633,338.0 |
1,593,332.1 |
1,459,040.3 |
1,334,727.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
9,493.7 |
9,326.6 |
9,310.6 |
9,049.8 |
7,660.1 |
|
Total Common Shares Outstanding |
9,493.7 |
9,326.6 |
9,310.6 |
9,049.8 |
7,660.1 |
|
T/S-Common Stock |
- |
- |
2.9 |
79.0 |
0.3 |
|
Accumulated Amortization of Intangibles |
4,089.2 |
3,665.2 |
2,755.4 |
1,851.8 |
1,805.4 |
|
Total Risk Weighted Capital |
734,698.4 |
811,483.5 |
805,876.1 |
714,503.8 |
753,028.9 |
|
Tier 1% |
11.01% |
10.02% |
10.10% |
9.10% |
7.71% |
|
Total Capital Ratio |
13.56% |
13.11% |
14.20% |
13.30% |
12.66% |
|
Full-Time Employees |
193,349 |
178,869 |
169,460 |
170,961 |
131,819 |
|
Number of Common Shareholders |
3,293,537 |
3,202,324 |
3,062,633 |
3,034,816 |
2,278,321 |
|
Operating Lease Pymts. Due within 1Year |
283.0 |
284.4 |
271.2 |
289.1 |
- |
|
Operating Lease Payments Due in Year 2 |
273.9 |
275.0 |
262.6 |
289.1 |
- |
|
Operating Lease Payments Due in Year 3 |
264.8 |
267.0 |
254.0 |
290.5 |
- |
|
Operating Lease Payments Due in Year 4 |
257.0 |
258.9 |
246.8 |
250.2 |
- |
|
Operating Lease Payments Due in Year 5 |
249.2 |
250.9 |
238.2 |
291.9 |
- |
|
Operating Leases - Remaining Payments |
2,518.4 |
2,696.5 |
2,530.9 |
2,649.4 |
- |
|
Total Operating Leases |
3,846.4 |
4,032.7 |
3,803.5 |
4,060.3 |
- |
|
Pension Obligation-Spain |
7,899.2 |
7,904.4 |
8,739.1 |
8,732.3 |
9,224.1 |
|
Plan Assets-Spain |
229.8 |
245.5 |
264.0 |
268.3 |
280.7 |
|
Funded Status-Spain |
-7,669.5 |
-7,658.9 |
-8,475.1 |
-8,464.0 |
-8,943.4 |
|
Pension Obligation - Domestic |
3,610.2 |
4,390.9 |
5,525.2 |
5,790.9 |
5,849.7 |
|
Funded Status - Domestic |
-3,610.2 |
-4,390.9 |
-5,525.2 |
-5,790.9 |
-5,849.7 |
|
Pension Obligation-Great Britain |
10,991.4 |
10,496.3 |
10,209.7 |
7,568.8 |
9,134.9 |
|
Plan Assets-Great Britain |
11,029.1 |
10,218.6 |
8,479.4 |
6,381.7 |
7,183.1 |
|
Funded Status-Great Britain |
37.6 |
-277.7 |
-1,730.3 |
-1,187.1 |
-1,951.8 |
|
Pension Obligation-Other Foreign |
14,597.7 |
14,840.2 |
13,024.7 |
9,362.0 |
10,620.3 |
|
Plan Assets-Other Foreign |
12,650.5 |
13,651.6 |
12,191.1 |
8,767.0 |
9,832.3 |
|
Funded Status-Other Foreign |
-1,947.2 |
-1,188.6 |
-833.6 |
-594.9 |
-788.0 |
|
Total Funded Status |
-13,189.2 |
-13,516.1 |
-16,564.2 |
-16,037.0 |
-17,532.9 |
|
Expected Rate of Return-Spain |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate-Spain |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
|
Discount Rate - Post-Retirement |
4.00% |
4.00% |
4.00% |
4.00% |
4.00% |
|
Compensation Rate - Post-Retirement |
2.50% |
2.50% |
2.50% |
2.50% |
2.50% |
|
Discount Rate - Great Britain |
4.95% |
5.45% |
5.75% |
6.40% |
5.30% |
|
Compensation Rate-Great Britain |
3.10% |
3.50% |
3.40% |
3.50% |
4.00% |
|
Pension Payment Rate-Great Britain |
3.00% |
3.40% |
3.30% |
3.00% |
3.00% |
|
Capital Instruments/Great Britain |
30.00% |
34.00% |
39.00% |
41.00% |
46.00% |
|
Debt Instruments/Great Britain |
54.00% |
58.00% |
54.00% |
56.00% |
52.00% |
|
Real Estate/Great Britain |
2.00% |
1.00% |
1.00% |
2.00% |
0.00% |
|
Other/Great Britain |
14.00% |
7.00% |
6.00% |
1.00% |
2.00% |
|
Capital Instruments/Other Foreign |
4.00% |
9.00% |
12.00% |
12.00% |
27.00% |
|
Debt Instruments/Other Foreign |
85.00% |
86.00% |
83.00% |
83.00% |
66.00% |
|
Real Estate/Other Foreign |
3.00% |
1.00% |
1.00% |
2.00% |
2.00% |
|
Other/Other Foreign |
8.00% |
4.00% |
4.00% |
3.00% |
5.00% |
Annual Cash Flows
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
EUR |
EUR |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
0.683679 |
0.730637 |
|
Auditor |
Deloitte SL |
Deloitte SL |
Deloitte SL |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
8,536.0 |
12,054.1 |
13,089.6 |
13,650.3 |
13,188.7 |
|
Depreciation |
2,932.5 |
2,569.2 |
2,220.2 |
1,856.9 |
1,735.3 |
|
Other Adjustments |
27,486.5 |
21,069.4 |
19,416.9 |
13,141.8 |
11,408.6 |
|
Assets/Trading Portfolio |
10,513.2 |
-8,356.2 |
14,110.1 |
11,957.6 |
15,446.7 |
|
Assets/Other Finan. Assets Fair Value |
16,992.7 |
-546.8 |
-16,067.2 |
664.0 |
4,897.8 |
|
Assets/Finan. Assets Held for Sale |
-532.5 |
4,165.1 |
-42,302.3 |
4,753.1 |
-8,749.5 |
|
Assets/Credits |
-28,600.2 |
-24,475.1 |
15,570.2 |
-116,879.1 |
-73,691.5 |
|
Other Operating Assets |
2,095.4 |
-8,513.8 |
-4,339.5 |
-3,703.2 |
-3,498.2 |
|
Liabilities/Trading Portfolio |
-21,340.7 |
10,042.6 |
-20,077.7 |
16,206.4 |
-1,638.9 |
|
Liabilities/Other Finan. Liab. Fair Valu |
-8,830.8 |
377.7 |
9,359.1 |
-16,204.4 |
2,302.2 |
|
Liabilities/Financial Amortized Cost |
45,747.3 |
62,608.3 |
-14,193.9 |
103,053.4 |
84,213.4 |
|
Other Operating Liabs. |
-2,274.8 |
458.2 |
255.4 |
-3,233.1 |
2,051.8 |
|
Tax Paid, Net |
-2,675.2 |
-2,752.1 |
-2,123.6 |
-2,113.7 |
-4,353.9 |
|
Adjsutment to Net Change in Cash |
-1.4 |
- |
- |
- |
- |
|
Cash from Operating Activities |
50,048.0 |
68,700.5 |
-25,082.5 |
23,150.0 |
43,312.4 |
|
|
|
|
|
|
|
|
Purchase of Affiliates |
-9,977.9 |
-211.9 |
-312.9 |
- |
- |
|
Purchase Business |
- |
- |
- |
-1,102.2 |
-16,814.3 |
|
Purchase Tangibles |
-2,583.5 |
-4,813.9 |
-2,614.0 |
-4,004.5 |
-3,829.2 |
|
Purchase Intangibles |
-2,141.3 |
-1,992.7 |
-4,482.0 |
-1,097.6 |
-2,549.0 |
|
Purchase Investments |
-1.4 |
-14.4 |
-18.8 |
0.0 |
-12,808.0 |
|
Purchase Other Assets |
- |
- |
- |
0.0 |
- |
|
Sale of Businesses/Participations |
- |
- |
- |
65.2 |
1,339.4 |
|
Sale of Investments |
13.9 |
138.0 |
19.3 |
- |
- |
|
Sale of Business |
1,451.6 |
43.4 |
1,051.5 |
1,211.6 |
0.0 |
|
Sale Tangibles |
723.0 |
921.8 |
1,635.3 |
2,207.6 |
4,785.5 |
|
Sale Investments |
- |
- |
- |
0.0 |
- |
|
Assets for Sale |
0.0 |
12.9 |
1,836.7 |
- |
- |
|
Sale Other Assets |
2,644.6 |
2,427.4 |
6,895.9 |
4,109.5 |
936.5 |
|
Cash from Investing Activities |
-9,870.8 |
-3,489.4 |
4,011.0 |
1,389.6 |
-28,939.2 |
|
|
|
|
|
|
|
|
Acquisition Equity Instruments |
-9,645.6 |
-9,763.3 |
-12,883.2 |
-11,471.5 |
-11,596.8 |
|
Issuance of Own Capital |
- |
- |
0.0 |
10,269.0 |
0.0 |
|
Disposal Equity Instruments |
9,521.8 |
9,523.6 |
13,873.7 |
10,855.7 |
11,770.1 |
|
Sub. Debt Issued |
237.8 |
379.7 |
5,081.1 |
456.1 |
11,400.8 |
|
Sub. Debt Repaid |
-7,409.7 |
-10,233.6 |
-5,904.0 |
-1,923.7 |
-3,332.6 |
|
Other LT Debt Issued |
- |
- |
- |
0.0 |
9,614.6 |
|
Other LT Debt Repaid |
- |
- |
- |
-1,347.1 |
-3,684.5 |
|
Other Financial Charges |
-700.8 |
-2,998.1 |
-536.3 |
- |
- |
|
Dividends Paid |
-4,851.3 |
-5,439.2 |
-6,100.5 |
-6,206.2 |
-4,731.1 |
|
Other Financing Cashflow |
1,569.8 |
3,564.2 |
7,071.6 |
- |
- |
|
Cash from Financing Activities |
-11,278.0 |
-14,966.7 |
602.4 |
632.4 |
9,440.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-2,844.9 |
6,565.5 |
5,321.4 |
-3,643.4 |
-234.8 |
|
Net Change in Cash |
26,054.3 |
56,809.8 |
-15,147.7 |
21,528.5 |
23,578.9 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
108,157.9 |
46,206.4 |
63,669.5 |
45,434.7 |
18,935.7 |
|
Net Cash Ending Balance |
134,212.2 |
103,016.2 |
48,521.8 |
66,963.2 |
42,514.6 |
|
Cash Taxes Paid |
2,675.2 |
2,752.1 |
2,123.6 |
2,113.7 |
4,353.9 |
Financial Health
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
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Ratio Comparisons
|
Traded: New York Stock Exchange: SAN |
Financials in:
USD (actual units) |
|
Industry: Regional Banks |
As of
23-Nov-2012 |
|
Sector: Financial |
|
|
|
Company |
Industry |
Sector |
S&P 500 |
|
Valuation Ratios |
||||
|
8.13 |
15.48 |
15.48 |
19.68 |
|
|
12.56 |
35.27 |
38.23 |
32.79 |
|
|
4.33 |
9.45 |
9.66 |
10.71 |
|
|
1.79 |
1.14 |
1.06 |
1.00 |
|
|
1.43 |
3.44 |
12.05 |
2.57 |
|
|
0.74 |
1.22 |
2.11 |
3.67 |
|
|
1.24 |
1.76 |
2.98 |
5.21 |
|
|
6.35 |
15.15 |
16.23 |
14.22 |
|
|
- |
15.20 |
13.69 |
26.26 |
|
|
|
|
|
|
|
|
Dividends |
||||
|
11.08% |
0.95% |
1.64% |
2.26% |
|
|
0.80 |
2.90 |
2.58 |
1.99 |
|
|
2.88% |
-27.34% |
-16.10% |
0.08% |
|
|
45.26% |
14.64% |
15.01% |
25.98% |
|
|
|
|
|
|
|
|
Growth Rates (%) |
||||
|
6.27% |
-1.58% |
-1.05% |
15.58% |
|
|
4.43% |
-3.19% |
-3.68% |
17.69% |
|
|
10.08% |
9.28% |
9.02% |
8.97% |
|
|
-6.67% |
28.45% |
14.96% |
19.49% |
|
|
-15.28% |
42.57% |
21.90% |
32.55% |
|
|
-7.97% |
1.00% |
4.61% |
9.86% |
|
|
-6.88% |
-66.18% |
-26.23% |
-2.04% |
|
|
|
|
|
|
|
|
Financial Strength |
||||
|
- |
- |
- |
1.24 |
|
|
- |
- |
- |
1.79 |
|
|
3.14 |
- |
- |
0.64 |
|
|
3.14 |
- |
- |
0.73 |
|
|
- |
- |
- |
13.80 |
|
|
|
|
|
|
|
|
Profitability Ratios (%) |
||||
|
- |
- |
- |
45.21% |
|
|
- |
- |
- |
44.91% |
|
|
- |
- |
- |
24.43% |
|
|
- |
- |
- |
22.84% |
|
|
23.63% |
52.93% |
36.72% |
20.63% |
|
|
28.26% |
41.89% |
30.61% |
18.28% |
|
|
23.63% |
29.09% |
19.09% |
17.95% |
|
|
28.26% |
25.32% |
21.41% |
17.10% |
|
|
17.46% |
23.51% |
15.72% |
13.65% |
|
|
23.12% |
18.05% |
13.11% |
12.10% |
|
|
26.11% |
28.59% |
26.34% |
28.45% |
|
|
18.21% |
29.31% |
26.03% |
29.92% |
|
|
|
|
|
|
|
|
Management Effectiveness (%) |
||||
|
0.58% |
0.88% |
0.40% |
8.54% |
|
|
0.85% |
0.82% |
1.77% |
8.40% |
|
|
- |
3.59% |
-1.27% |
7.90% |
|
|
- |
4.21% |
4.01% |
8.27% |
|
|
8.90% |
7.73% |
8.68% |
19.72% |
|
|
13.24% |
8.50% |
7.15% |
20.06% |
|
|
|
|
|
|
|
|
Efficiency |
||||
|
- |
243,486.68 |
542,297.57 |
927,613.77 |
|
|
- |
68,637.04 |
121,699.43 |
116,121.92 |
|
|
- |
- |
- |
13.25 |
|
|
- |
- |
- |
14.53 |
|
|
- |
- |
- |
0.93 |
|
Annual Ratios
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
|
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Stock Report
|
Stock Snapshot |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.32 |
|
UK Pound |
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.