Santander consumer finance
What is Santander Consumer Finance?
About Us Santander Consumer Finance is a leading consumer finance company present in 16 European countries, China and Canada. It is fully owned by Santander, one of the largest financial groups worldwide. Competitive Advantages
How did Santander expand its international business?
In 1987, Santander started its international expansion in the consumer credit segment through the acquisition of CC Bank in Germany. Santander integrated in 2002 the consumer finance businesses in Santander Consumer Finance and continued its expansion through further acquisitions and new collaboration agreements.
What is Banco Santander known for?
Banco Santander(SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is one of the largest banks in the world by market capitalization.
How many point of sale partners does Santander Consumer Finance have?
At the same time, Santander Consumer Finance counts with more than 130,000 point of sale partners (dealers and retailers) in Europe. Santander Consumer Finance offers a wide range of financial solutions through points-of-sale, where it has developed a unique expertise, and direct-to-consumer channels such as branches, phone centers and websites.
What is the history of Santander Bank?
Santander Bank, N.A., was founded in 1902 as Sovereign Bank, a savings and loan in Wyomissing, Pennsylvania. The companys earliest customers were largely textile workers. Sovereign expanded rapidly during the savings and loan crisis of the 1980s and 1990s, acquiring numerous other banks.
Is Santander a global bank?
Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia.
Did Banco Santander buy Sovereign Bank?
In June 2006, Banco Santander purchased almost 20% of Sovereign Bank for US$2.4 billion. As Banco Santander owned 25% of Sovereign, it had the right to buy the bank for $40 per share for one year beginning in the middle of 2008. On June 1, 2006, Sovereign Bank purchased Independence Community Bank Corp.
Is Santander a publicly traded company?
Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the worlds biggest public companies. Santander is Spains largest bank.