History of Santander Group
Santander Group is a diverse retail and commercial bank with 14,760 branches (more than any other international bank), over 193,000 employees and more than 102 million customers.
Our success comes from being close to our customers, its focus on retail and commercial banking and a sensible approach to lending.
The relationship with our customers is long-standing and built on trust and confidence. In difficult times, knowing the people who you borrow from and lend to is a distinct advantage. Our customers are also spread across the world.
Santander operates in ten main markets where its strategy is to have critical mass, enabling it to operate efficiently and offer our customers the best products and services. Our global footprint means we are not exposed to a single market or country.
Our strict and prudent risk management, together with our relentless focus on retail and commercial banking, gives the bank a low and predictable risk profile. In 2011, the Group posted a net profit of €5,351m (€25 billion in operating profits before provisions). This was achieved against the worst economic backdrop for several decades.
To find out more about Santander globally, click here.
History of Santander UK
Since its entry into the UK market in November 2004, Santander has transformed the three businesses acquired. The integration of separate management structures, systems and brands improved profitability and allowed Santander to broaden its range of value-for-money products which contributed to strong organic growth.
Key dates for Santander in the UK include:
- In November 2004, the courts approved Santander acquisition of Abbey National plc and Abbey became part of the Santander Group.
- In September 2008, Santander acquired Bradford & Bingley's retail branches and savings business.
- In October 2008, Santander acquired Alliance & Leicester. In January 2010, Abbey and the branch network of Bradford & Bingley rebranded as Santander.
- In November 2010, Alliance & Leicester was rebranded as Santander.
To find out more about Santander in the UK, click here.
The Santander Group