Ana Botín (Santander Bank, Finance) | Construpedia
Navegación
Ana Botín (Santander Bank, Finance)
Introduction
Banco Santander, S. A. operating commercially as Santander, is a Spanish bank with headquarters in Santander "Santander (Spain)"), Cantabria. It is one of the largest financial entities in the world and its main markets are Spain, the United Kingdom, Portugal and Poland in Europe and the United States, Mexico, Brazil, Chile, Colombia and Argentina in America.[3].
The bank was founded on May 15, 1857 and its origin was linked to the development of maritime trade through the port of Santander in the 19th century. Botín-Sanz de Sautuola and López, respectively.
As of December 31, 2024, Banco Santander's assets were 1,837,081 million euros, being the first Spanish financial institution by volume of assets in the world and the second by assets in Spain, only surpassed by CaixaBank. On that same date, it had 8,011 offices, 206,753 employees and more than 172.5 million clients.[3].
It is listed on the Madrid Stock Exchange (SAN) and is part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. The bank's banking code ("Sort" Code) is 0049, originally belonging to Banco Hispano Americano. The original banking code of Banco Santander until 1999 was 0085.
History
The bank was established in Santander "Santander (Spain)") as an issuing bank by Royal Decree of May 15, 1857, published in the Gaceta de Madrid on May 24, during the reign of Isabel II of Spain. Its promoters were six merchants from the city: Jerónimo Roiz de la Parra, Juan de Abarca, Antonio Labat, Bonifacio Ferrer de la Vega, Antonio López-Dóriga Aguirre and Agustín G. Gutiérrez, with Roiz de la Parra as acting president. Higinio Polanco was appointed royal commissioner. The initial share capital was five million reais of vellón "Vellón (alloy)"). At first it operated in the province of Santander "Provincia de Santander (Spain)") (today Cantabria).
It was a bank that issued paper money until 1874, when fiduciary circulation was reserved exclusively to the Bank of Spain. After the loss of the power to issue, a public limited credit company was created to continue the previous one, with the same shareholders and the transfer of assets and liabilities, established on January 14, 1875.
In 1909, Emilio Botín López became president. Under his direction and, later, under the presidency of Emilio Botín-Sanz de Sautuola y López, the entity expanded its scope of action in the region; in 1946 it absorbed Banco Mercantil de Santander. It subsequently integrated, among others, Banco Continental, Banca Jover and Banco Comercial Español. In 1984, and within the framework of the reprivatization of entities of the Group Rumasa, the Ministry of Economy and Finance awarded the bank the Banco de Murcia and the Commercial Bank of Catalonia, establishing the Banco Santander group.
Ana Botín (Santander Bank, Finance)
Introduction
Banco Santander, S. A. operating commercially as Santander, is a Spanish bank with headquarters in Santander "Santander (Spain)"), Cantabria. It is one of the largest financial entities in the world and its main markets are Spain, the United Kingdom, Portugal and Poland in Europe and the United States, Mexico, Brazil, Chile, Colombia and Argentina in America.[3].
The bank was founded on May 15, 1857 and its origin was linked to the development of maritime trade through the port of Santander in the 19th century. Botín-Sanz de Sautuola and López, respectively.
As of December 31, 2024, Banco Santander's assets were 1,837,081 million euros, being the first Spanish financial institution by volume of assets in the world and the second by assets in Spain, only surpassed by CaixaBank. On that same date, it had 8,011 offices, 206,753 employees and more than 172.5 million clients.[3].
It is listed on the Madrid Stock Exchange (SAN) and is part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. The bank's banking code ("Sort" Code) is 0049, originally belonging to Banco Hispano Americano. The original banking code of Banco Santander until 1999 was 0085.
History
The bank was established in Santander "Santander (Spain)") as an issuing bank by Royal Decree of May 15, 1857, published in the Gaceta de Madrid on May 24, during the reign of Isabel II of Spain. Its promoters were six merchants from the city: Jerónimo Roiz de la Parra, Juan de Abarca, Antonio Labat, Bonifacio Ferrer de la Vega, Antonio López-Dóriga Aguirre and Agustín G. Gutiérrez, with Roiz de la Parra as acting president. Higinio Polanco was appointed royal commissioner. The initial share capital was five million reais of vellón "Vellón (alloy)"). At first it operated in the province of Santander "Provincia de Santander (Spain)") (today Cantabria).
It was a bank that issued paper money until 1874, when fiduciary circulation was reserved exclusively to the Bank of Spain. After the loss of the power to issue, a public limited credit company was created to continue the previous one, with the same shareholders and the transfer of assets and liabilities, established on January 14, 1875.
In 1992, in Colombia, it merged with Banco Comercial Antioqueño; The local brand was maintained until 1997, when the branches began to be identified as Banco Santander.
In 1994 it acquired Banesto. In January 1999, Banco Santander and Banco Central Hispano (BCH) announced their merger, giving rise to Santander Central Hispano (SCH). In May 2000 it acquired the Mexican bank Serfín") (later Grupo Financiero Santander Serfín, S.A. de C.V.).
In September 2004 it bought the British bank Abbey National; Starting in 2010, the trademarks in the United Kingdom were unified under the name Santander. In June 2006, it acquired 20% of Sovereign Bank (United States) for $2.4 billion; In 2008 it agreed to purchase the rest of the capital and completed the operation on January 30, 2009. In 2007, together with Royal Bank of Scotland and Fortis, it participated in the acquisition of ABN AMRO; Banco Real&action=edit&redlink=1 "Banco Real (Brazil) (not yet written)") (Brazil) and Antonveneta (Italy), the latter later sold to Monte dei Paschi di Siena, corresponded to Santander; its corporate banking division, Interbanca, was sold to General Electric Finance.
In 2008 it expanded its consumer finance business in Europe following agreements with General Electric and the purchase of consumer credit units in several countries from Royal Bank of Scotland. That same year it acquired Alliance & Leicester and, in September, Bradford & Bingley's UK retail warehouses and office network. In 2010 it unified its British networks (Abbey and Bradford & Bingley) under the Santander brand. In July 2010 it purchased the SEB office network in Germany through Santander Consumer Bank AG. That same year it agreed to acquire 318 branches of Royal Bank of Scotland (Williams & Glyn project"), an operation that was canceled in 2012 when the expected conditions were not met.
In 2010 it announced the purchase of the Polish bank Zachodni WBK and launched a takeover bid to raise the entire capital. In 2012 it agreed with KBC to acquire Kredyt Bank"); on January 4, 2013, Zachodni WBK became the legal successor of Kredyt Bank and the resulting bank operated under the brand name Bank Zachodni WBK.
In 2012 it sold its historic headquarters in Madrid to the Villar Mir Group. In May 2013 it absorbed Banesto and Banif. In October 2013, its US subsidiary Sovereign Bank adopted the name Santander Bank. In January 2014, it closed the sale to Apollo of 85% of its real estate asset management and collections platform (Altamira), retaining 15%.
On September 10, 2014, Emilio Botín died; That same day the board of directors appointed Ana Botín as president. In 2015, Santander Consumer Finance and the PSA group (then PSA Peugeot-Citroën) announced an agreement for the automotive financing business in several European countries.
On June 7, 2017, after the resolution of Banco Popular through the single resolution mechanism, Banco Santander acquired the entity for one euro; On July 3, it announced a capital increase to complete the operation. In August 2017, it agreed to sell 51% of the real estate assets from Popular to Blackstone. The legal integration process of Popular, Banco Pastor and Popular Banca Privada concluded in September 2018; In 2019, the technological integration was completed and the Popular brand was no longer used for commercial purposes.
In June 2022, Dodge & Cox") reported a 3.038% stake in the capital. In 2023 the entity carried out buyback and amortization programs for its own shares; according to the economic press, it withdrew around 1.1 billion shares from the market in one year.[6].
In June 2023, the Central Bank of Uruguay fined the local subsidiary for exceeding the credit risk limit with related parties.[7].
Business
Contenido
Las principales filiales de Banco Santander son:[8].
Business in Spain
Regarding Banco Santander's business in Spain, the main data are the following:
Headquarters
Headquarters
The headquarters of Banco de Santander is located on Paseo de Pereda in the Cantabrian capital. The complex is based on a pre-existing building, the work of the Spanish architect Josep Oriol Mestres. After its acquisition as the bank's headquarters in the late 1950s, the left block was built and the large central arch was added. The complete building was inaugurated in 1961.
Financial headquarters
Although the corporate headquarters is located in Santander "Santander (Cantabria)"), the operational headquarters are located in the so-called "Santander Group City", located in Boadilla del Monte, Madrid. Zurbarán, Santiago Rusiñol, Picasso, Miró, José María Sert, Joaquín Sorolla, Francisco Iturrino, Julio Romero de Torres, Alberto Sánchez, Lucio Muñoz, Fernando Zóbel, Eduardo Chillida, Equipo Crónica... and the largest private collection of José Gutiérrez Solana) and which also hosts temporary exhibitions.
Banco Santander Spain Headquarters
It consists of the Abelias buildings located in Madrid, around the A-2. They come from the old Banco Popular Español. They were under construction at the time of their absorption.
Sports sponsorships
Soccer
"Santander" was a sponsor of the two highest continental club competitions in America (2008-2022) and Europe (2018-2021), and of the then considered best league in the world, "LaLiga" of Spain (2016-2023).[13].
Formula 1
The "Santander" has sponsored several Formula 1 Grand Prix. It has been a sponsor of the prestigious Scuderia Ferrari since 2022, which it previously sponsored between 2010 and 2017, in addition to the McLaren team from 2007 to 2014.[20][21].
Controversies
Accusation of systematic manipulation of his Wikipedia entry
According to the newspaper Expansión "Expansión (newspaper)") «employees of the Santander bank control the Wikipedia pages of the entity itself, of Emilio Botín, Alfredo Sáenz, Ana Botín and the group's foundations. Among other changes, they have edited the information on the pardon for Sáenz and the legal cases involving the Botín family. They also strive to introduce any awards that the bank or its top executives receive. On the English Wikipedia, Santander's attempt to create a page for the Botín Art Center has been blocked when it was understood that it had a promotional objective.
Alfredo Saenz
Alfredo Sáenz, sentenced by the Supreme Court "Tribunal Supremo (Spain)") to three months in prison and disqualification for a crime of false accusation in the 1990s, when he was in charge of Banesto. The pardon, approved by the last Council of Ministers of the Zapatero Government, was appealed, and another sentence restored his criminal record. Subsequently, Rajoy issued a Royal Decree in line with the European Banking Authority, which allowed a banker to practice despite being convicted, which left the decision to disqualify Sáenz in the hands of the Bank of Spain. The Bank of Spain was considering withdrawing him, but finally it was Santander itself that retired him with a pension of 88 million euros. He has been replaced by the former head of Banif, Javier Marín Romano.[23] Alfredo Sáenz, who was Emilio Botín's right-hand man, left Banco Santander in April 2013.
Labor disputes
In August 2013, the anarcho-syndicalist confederation CNT-AIT established a union section in Isban and publicly denounced the illegal transfer of workers to Isban, a computer services company of the Santander Group.[24][25] The delegate of the union section is sent to the contractor company Panel Sistemas, which is considered by the union as a "violation of freedom of association" and a "disciplinary dismissal." covert".[26][27][28][29].
The unions federated in the International Workers' Association (IWA-AIT) organize information and protest events in several countries, where they demand the reinstatement of the delegate of the union section in Isban and the end of the transfer of workers.[30][31][32].
The CNT-AIT denounces that Isban directs a network of dozens of "meat" companies, which transfer workers to him. According to union members, nearly 10,000 workers around the world are in an illegal situation.[33][34].
In 2015, Konecta"), a call center company of Banco Santander, presented 157 letters of dismissal from employees of its "Card Activation" service, 94 in Seville and 63 in Madrid. The CGT union "General Confederation of Labor (Spain)") called an indefinite strike starting on July 6, demanding the withdrawal of the dismissals, which they considered fraudulent.[35] The company offered CGT to withdraw 100 of the 157 in exchange for calling off the strike, an offer that CGT rejected. Finally the strike was called off after reaching an agreement for the withdrawal of all layoffs.[36].
In November 2016, the bank's Data Processing Center (CPD) in Madrid and Santander "Santander (Spain)") became managed by Indra Sistemas after ending the contract with the previous provider, Cibernos Outosourcing. The new contract did not contemplate the subrogation of the 111 workers at the centers, so Cibernos Outsourcing presented, on August 31, an ERE to dismiss 80% of the workforce.[37] After being denounced by the Workers' Commissions, Indra finally committed to maintaining all the jobs. The workers in the Santander center opposed an attempt to forcibly transfer the workforce to Madrid, which was intended to be done at the request of Produban, a Santander Group company.[38] In 2016, once under the management of Indra, it resumed the attempt to transfer half of the workforce to Madrid. The works council called a 48-hour strike[39] which was called off the day before when an agreement was reached to paralyze the transfer again.[40].
In February 2018, the Social Chamber of the National Court ordered it to control the working hours of its employees in order to establish control of unpaid overtime and excess working hours.[41].
[4] ↑ González Rodríguez, Alberto (27 de julio de 2016). [blob:https://mydokument.com/9b8c018c-1ab0-4a12-a212-7e76cf9d1492 «El Muelle del Cay of Santander City (Spain) and the Two Big European Maritime Traditions in the Late Middle and Modern Ages. A Lexicological Study of the Words Cay and Muelle»]. International Congress of Onomastic Sciences. Consultado el 04-06-2022.: https://mydokument.com/9b8c018c-1ab0-4a12-a212-7e76cf9d1492
In 1909, Emilio Botín López became president. Under his direction and, later, under the presidency of Emilio Botín-Sanz de Sautuola y López, the entity expanded its scope of action in the region; in 1946 it absorbed Banco Mercantil de Santander. It subsequently integrated, among others, Banco Continental, Banca Jover and Banco Comercial Español. In 1984, and within the framework of the reprivatization of entities of the Group Rumasa, the Ministry of Economy and Finance awarded the bank the Banco de Murcia and the Commercial Bank of Catalonia, establishing the Banco Santander group.
In 1992, in Colombia, it merged with Banco Comercial Antioqueño; The local brand was maintained until 1997, when the branches began to be identified as Banco Santander.
In 1994 it acquired Banesto. In January 1999, Banco Santander and Banco Central Hispano (BCH) announced their merger, giving rise to Santander Central Hispano (SCH). In May 2000 it acquired the Mexican bank Serfín") (later Grupo Financiero Santander Serfín, S.A. de C.V.).
In September 2004 it bought the British bank Abbey National; Starting in 2010, the trademarks in the United Kingdom were unified under the name Santander. In June 2006, it acquired 20% of Sovereign Bank (United States) for $2.4 billion; In 2008 it agreed to purchase the rest of the capital and completed the operation on January 30, 2009. In 2007, together with Royal Bank of Scotland and Fortis, it participated in the acquisition of ABN AMRO; Banco Real&action=edit&redlink=1 "Banco Real (Brazil) (not yet written)") (Brazil) and Antonveneta (Italy), the latter later sold to Monte dei Paschi di Siena, corresponded to Santander; its corporate banking division, Interbanca, was sold to General Electric Finance.
In 2008 it expanded its consumer finance business in Europe following agreements with General Electric and the purchase of consumer credit units in several countries from Royal Bank of Scotland. That same year it acquired Alliance & Leicester and, in September, Bradford & Bingley's UK retail warehouses and office network. In 2010 it unified its British networks (Abbey and Bradford & Bingley) under the Santander brand. In July 2010 it purchased the SEB office network in Germany through Santander Consumer Bank AG. That same year it agreed to acquire 318 branches of Royal Bank of Scotland (Williams & Glyn project"), an operation that was canceled in 2012 when the expected conditions were not met.
In 2010 it announced the purchase of the Polish bank Zachodni WBK and launched a takeover bid to raise the entire capital. In 2012 it agreed with KBC to acquire Kredyt Bank"); on January 4, 2013, Zachodni WBK became the legal successor of Kredyt Bank and the resulting bank operated under the brand name Bank Zachodni WBK.
In 2012 it sold its historic headquarters in Madrid to the Villar Mir Group. In May 2013 it absorbed Banesto and Banif. In October 2013, its US subsidiary Sovereign Bank adopted the name Santander Bank. In January 2014, it closed the sale to Apollo of 85% of its real estate asset management and collections platform (Altamira), retaining 15%.
On September 10, 2014, Emilio Botín died; That same day the board of directors appointed Ana Botín as president. In 2015, Santander Consumer Finance and the PSA group (then PSA Peugeot-Citroën) announced an agreement for the automotive financing business in several European countries.
On June 7, 2017, after the resolution of Banco Popular through the single resolution mechanism, Banco Santander acquired the entity for one euro; On July 3, it announced a capital increase to complete the operation. In August 2017, it agreed to sell 51% of the real estate assets from Popular to Blackstone. The legal integration process of Popular, Banco Pastor and Popular Banca Privada concluded in September 2018; In 2019, the technological integration was completed and the Popular brand was no longer used for commercial purposes.
In June 2022, Dodge & Cox") reported a 3.038% stake in the capital. In 2023 the entity carried out buyback and amortization programs for its own shares; according to the economic press, it withdrew around 1.1 billion shares from the market in one year.[6].
In June 2023, the Central Bank of Uruguay fined the local subsidiary for exceeding the credit risk limit with related parties.[7].
Business
Contenido
Las principales filiales de Banco Santander son:[8].
Business in Spain
Regarding Banco Santander's business in Spain, the main data are the following:
Headquarters
Headquarters
The headquarters of Banco de Santander is located on Paseo de Pereda in the Cantabrian capital. The complex is based on a pre-existing building, the work of the Spanish architect Josep Oriol Mestres. After its acquisition as the bank's headquarters in the late 1950s, the left block was built and the large central arch was added. The complete building was inaugurated in 1961.
Financial headquarters
Although the corporate headquarters is located in Santander "Santander (Cantabria)"), the operational headquarters are located in the so-called "Santander Group City", located in Boadilla del Monte, Madrid. Zurbarán, Santiago Rusiñol, Picasso, Miró, José María Sert, Joaquín Sorolla, Francisco Iturrino, Julio Romero de Torres, Alberto Sánchez, Lucio Muñoz, Fernando Zóbel, Eduardo Chillida, Equipo Crónica... and the largest private collection of José Gutiérrez Solana) and which also hosts temporary exhibitions.
Banco Santander Spain Headquarters
It consists of the Abelias buildings located in Madrid, around the A-2. They come from the old Banco Popular Español. They were under construction at the time of their absorption.
Sports sponsorships
Soccer
"Santander" was a sponsor of the two highest continental club competitions in America (2008-2022) and Europe (2018-2021), and of the then considered best league in the world, "LaLiga" of Spain (2016-2023).[13].
Formula 1
The "Santander" has sponsored several Formula 1 Grand Prix. It has been a sponsor of the prestigious Scuderia Ferrari since 2022, which it previously sponsored between 2010 and 2017, in addition to the McLaren team from 2007 to 2014.[20][21].
Controversies
Accusation of systematic manipulation of his Wikipedia entry
According to the newspaper Expansión "Expansión (newspaper)") «employees of the Santander bank control the Wikipedia pages of the entity itself, of Emilio Botín, Alfredo Sáenz, Ana Botín and the group's foundations. Among other changes, they have edited the information on the pardon for Sáenz and the legal cases involving the Botín family. They also strive to introduce any awards that the bank or its top executives receive. On the English Wikipedia, Santander's attempt to create a page for the Botín Art Center has been blocked when it was understood that it had a promotional objective.
Alfredo Saenz
Alfredo Sáenz, sentenced by the Supreme Court "Tribunal Supremo (Spain)") to three months in prison and disqualification for a crime of false accusation in the 1990s, when he was in charge of Banesto. The pardon, approved by the last Council of Ministers of the Zapatero Government, was appealed, and another sentence restored his criminal record. Subsequently, Rajoy issued a Royal Decree in line with the European Banking Authority, which allowed a banker to practice despite being convicted, which left the decision to disqualify Sáenz in the hands of the Bank of Spain. The Bank of Spain was considering withdrawing him, but finally it was Santander itself that retired him with a pension of 88 million euros. He has been replaced by the former head of Banif, Javier Marín Romano.[23] Alfredo Sáenz, who was Emilio Botín's right-hand man, left Banco Santander in April 2013.
Labor disputes
In August 2013, the anarcho-syndicalist confederation CNT-AIT established a union section in Isban and publicly denounced the illegal transfer of workers to Isban, a computer services company of the Santander Group.[24][25] The delegate of the union section is sent to the contractor company Panel Sistemas, which is considered by the union as a "violation of freedom of association" and a "disciplinary dismissal." covert".[26][27][28][29].
The unions federated in the International Workers' Association (IWA-AIT) organize information and protest events in several countries, where they demand the reinstatement of the delegate of the union section in Isban and the end of the transfer of workers.[30][31][32].
The CNT-AIT denounces that Isban directs a network of dozens of "meat" companies, which transfer workers to him. According to union members, nearly 10,000 workers around the world are in an illegal situation.[33][34].
In 2015, Konecta"), a call center company of Banco Santander, presented 157 letters of dismissal from employees of its "Card Activation" service, 94 in Seville and 63 in Madrid. The CGT union "General Confederation of Labor (Spain)") called an indefinite strike starting on July 6, demanding the withdrawal of the dismissals, which they considered fraudulent.[35] The company offered CGT to withdraw 100 of the 157 in exchange for calling off the strike, an offer that CGT rejected. Finally the strike was called off after reaching an agreement for the withdrawal of all layoffs.[36].
In November 2016, the bank's Data Processing Center (CPD) in Madrid and Santander "Santander (Spain)") became managed by Indra Sistemas after ending the contract with the previous provider, Cibernos Outosourcing. The new contract did not contemplate the subrogation of the 111 workers at the centers, so Cibernos Outsourcing presented, on August 31, an ERE to dismiss 80% of the workforce.[37] After being denounced by the Workers' Commissions, Indra finally committed to maintaining all the jobs. The workers in the Santander center opposed an attempt to forcibly transfer the workforce to Madrid, which was intended to be done at the request of Produban, a Santander Group company.[38] In 2016, once under the management of Indra, it resumed the attempt to transfer half of the workforce to Madrid. The works council called a 48-hour strike[39] which was called off the day before when an agreement was reached to paralyze the transfer again.[40].
In February 2018, the Social Chamber of the National Court ordered it to control the working hours of its employees in order to establish control of unpaid overtime and excess working hours.[41].
[4] ↑ González Rodríguez, Alberto (27 de julio de 2016). [blob:https://mydokument.com/9b8c018c-1ab0-4a12-a212-7e76cf9d1492 «El Muelle del Cay of Santander City (Spain) and the Two Big European Maritime Traditions in the Late Middle and Modern Ages. A Lexicological Study of the Words Cay and Muelle»]. International Congress of Onomastic Sciences. Consultado el 04-06-2022.: https://mydokument.com/9b8c018c-1ab0-4a12-a212-7e76cf9d1492