Banco Santander, S.A. is a bank holding company. Santander operates principally in Spain, the United Kingdom, Portugal, other European countries, Latin America and the United States, offering a range of financial products. Santander is organized in three principal segments: Continental Europe, United Kingdom and Latin America. Continental Europe covers all retail banking business, wholesale banking and asset management and insurance conducted in Europe, with the exception of the United Kingdom. It also includes the units, such as the Santander Branch Network, Banco Espanol de Credito, S.A., Santander Consumer Finance and Portugal. United Kingdom includes retail and wholesale banking, asset management and insurance conducted by the various units and branches of the Bank in the United Kingdom. Latin America segment includes activities conducted via its subsidiary banks and other subsidiaries in Latin America.



Owner of On-line bank Cahoot, Abbey National, Alliance & Leicester, Bradford & Bingley.
Shares in issue (Aug '09) 1,853.22m
Market cap (Aug '09) €15,984m
Also listed XETRA:BSD2
4 Dividends paid Aug, Nov, Feb, May.
http://www.santander.com/

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15 July 2011

MATERIAL FACT

Banco Santander announces that the results of stress test conducted by the European Banking Authority (EBA), in cooperation with the Bank of Spain, the European Central Bank (ECB), the European Commission (EC) and the European Systemic Risk Board (ESRB) show that Banco Santander would end 2012 with a Core Tier 1 ratio of 8.4%, well above the 5% minimum set out by the EBA for the purpose of the stress tests. The Core Tier 1 ratio would stand at 8.9% including generic provisions.

The stress test has been carried out using a static balance sheet assumption as at 31 December, 2010 and a constant business model in terms of geographies and products. Acquisitions and divestments are not considered, so it does not reflect a forecast of the Group's results for the next two years.

StockMarketWire.com
Banco Santander's net attributable profits fell by 21% to 3,501m in the first six months of the year.

This is after taking a one-off charge of 620m to cover potential claims that could arise from the mis-selling of payment protection insurance in the UK.

Excluding this provision, profit in the first half would have been 4,121m - down 7% from the first half of 2010.

Chairman Emilio Bot said: "Our strong capacity to generate revenues will enable us to close 2011 with a recurrent profit in line with last year's and to keep our dividend at 0.60 per share."

6 long gone - I have this as yielding 9.93% !

the pain in spain lies mainly.......

Santander UK chief Ana Botin issues severe profits warning as economy stalls

Jamie Dunkley, 20:02, Thursday 29 September 2011

Ana Bot, the chief executive of Santander (Madrid: SAN.MC - news) 's UK business, issued a severe profits warning as the lender faces rising costs and difficult market conditions.

After an investor presentation in London, analysts believe the bank is likely to lose out on 750m of profits over the next three years. The three-year shortfall compares with a 2010 profit at the UK arm of 1.5bn.

Ms Bot, who has led the business since last December, said returns were likely to fall in 2012 and 2013 as she committed to invest almost 500m to improve the bank's customer service levels.

She (SNP: ^SHEY - news) warned that Santander UK, which has delayed plans to list its shares on the London Stock Exchange (LSE: LSE.L - news) , would be forced to contend with "a combination of strong headwinds", citing low GDP growth and regulatory costs as key concerns.

Speaking at the investor day, she added: "We believe the cumulative effect of a liquidity buffer, FSCS [Financial Services Compensation Scheme] and the bank levy, plus the costs of structural reforms, will increase ten-fold from where we were in 2008 to what we expect to see in 2013, impacting our profit before tax.

"That's a challenging backdrop for our business but Santander UK has an enormous opportunity in the UK and we have accomplished a lot so far."

Santander UK hopes to open 3m new current accounts over the next three years and increase the number of credit card customers by about 1.5m.

Ms Bot claimed the company hoped to be the "bank of choice for small and medium-sized businesses".

On Wednesday, Santander UK said it had poached a new head of strategy and regulation from rival Barclays (LSE: BARC.L - news) . Stephen Jones was head of investor relations at Barclays and previously a senior debt and equity capital markets banker.

Investor day - Press release.

INVESTOR DAY

Alfredo Snz: "Profit will return to normal in three years"


. "Emerging markets (Latin America and Poland) are expected to provide double-digit growth in net profit in the short and medium term."

. "Mature markets where provisions have stabilized or are falling (the U.K., the U.S. and Santander Consumer Finance) will register single-digit increases in net profit over the next three years."

. We expect that in 2013 and 2014 Spain and Portugal "will generate EUR 2.0 billion in excess free capital a year."

. "The crisis has validated our business model of diversification with financially autonomous subsidiaries and strong operational integration within the Group."

StockMarketWire.com
Banco Santander's net attributable profit fell to 5,303m in the first nine months - 13% down on last year.

Results were hit by the 620m fund created in the second quarter to cover potential claims that could arise from the sale of payment protection insurance in the UK.

Excluding this provision, profits would be down 3% from the first three quarters of 2010.

Group revenues increased 6% in the first nine months of the year.

For the second time, these were above 11,000m in a single quarter, with an increase of 2% in basic revenues of Santander's branch network in Spain.

Banco Santander chairman Emilio Bot said: "Our strong capacity to generate profit and the soundness of our balance sheet will enable us to exceed new capital requirements without the need to issue capital while maintaining our remuneration at 0.60 per share in 2011."

This year the group has carried out two transactions which will generate capital gains of approximately 1.5bn.

"These will be incorporated in the fourth quarter and will be fully used to strengthen the balance sheet.

"These capital gains come from the alliance with Zurich Financial for the insurance business in Latin America, with a capital gain of EUR 750 million, and the entrance of new shareholders in Santander Consumer USA's capital.

"They will provide $1,150b of capital in a transaction that generates another capital gain of 750m for the group."

EBA says Santander has the biggest bad debt exposure amongst european banks and a capital deficit of e15billion will this explain why they took over A&L B&B and Abbey? It might also help to understand why the spanish head of LLOY is now on sick leave!

RNS Number : 8356U
Banco Santander S.A.
30 December 2011

MATERIAL FACT ANNOUNCEMENT

Further to the material fact announcement of 28 December 2011 (registration number 155822) and in relation to the offer to repurchase preference shares (Participaciones Preferentes Serie X) and to subscribe the capital increase addressed to acceptors of the same (the "Repurchase Offer" and the "Capital Increase", respectively), Banco Santander gives notice that it has, as at today's date, acquired the 77,743,969 preference shares that have accepted the Repurchase Offer. Furthermore, the holders of those preference shares have fully paid up the 341,802,171 shares subscribed by them. Santander Finance Capital, S.A.U., issuer of the preference shares, has agreed to redeem the preference shares acquired.

Also as at today's date, the relevant deed of capital increase has been granted and registered with the Commercial Registry of Cantabria.

As indicated in the securities note of the Capital Increase, it is envisaged that the new shares will be admitted to trading on the four Spanish Stock Exchanges and on the continuous market (Sistema de Interconexión Bursatil) on 3 January 2012, such that their ordinary trading in Spain shall commence on 4 January 2012. Banco Santander will also apply for the admission to listing of the new shares on the remaining foreign Stock Exchanges where it is currently listed.

The new shareholders will, as of today's date, be entitled to all of the rights pertaining to the shares of Banco Santander and, in particular, will have the right to participate in the programme "Santander Dividendo Elección" which shall apply on the usual payment dates of the third interim dividend, the timetable for which was announced via material fact announcement on 22 November 2011 (registration number 153,588).


Boadilla del Monte (Madrid), 30 December 2011

Madrid, Jan. 9, 2012. During the last few months of 2011 Banco Santander has carried out a series of measures regarding capital, allowing it to achieve a core capital ratio of 9% ahead of the European Banking Authority's (EBA) deadline of June 30th, 2012.

At the start of December, the EBA disclosed its capital requirements for the main European banks. According to the EBA, Banco Santander's additional capital needs amounted to EUR 15,302 million. This amount has been obtained as follows:

- EUR 6,829 million through Valores Santander.

- EUR 1,943 million through the exchange of preferred shares for ordinary new shares.

- EUR 1,660 million through the application of the Santander Dividendo Elección program (scrip dividend) at the time of the final dividend corresponding to fiscal year 2011.

- EUR 4,890 million through organic capital generation and the transfer of certain stakes, mainly in Chile and Brazil.

Regarding the latter, Santander reached in December 2011 an agreement (implemented during the first week of 2012) to transfer 4.41% of Santander Brazil to a major international financial institution who will deliver such shares to holders of convertible bonds issued in October, 2010, by Banco Santander, when these mature, pursuant to the terms of said convertible bonds.

Santander has begun 2012 as one of the world's most solid and well-capitalised banks, and reiterates its goal of increasing its core capital ratio to 10% in June, 2012, one point above the level required by the EBA, while maintaining total shareholder remuneration corresponding to fiscal year 2011 of euro 0.60 per share for a third consecutive year.

It looks like £4.50 is the new £6!

StockMarketWire.com
Banco Santander's attributable net profit fell by 35% to €5,351m after extraordinary provisions of €3,183m in 2011.

The bank said profits would have been €7,021m, a decline of 14%, if it had not made pre-tax provisions in the fourth quarter against property exposure in Spain of €1,812m and a pre-tax amortisation of €600m from goodwill related to its businesses in Portugal.

The bank also applied net capital gains of €1,513m realised in 2011 to other extraordinary provisions.

Provisions against property exposure in Spain increased coverage of on-balance properties from 31% to 50%.

Chairman Emilio Botín said: "Banco Santander has shown it is able to generate results and, at the same time, meet the capital requirements set out by the EBA, significantly increase provisions for property exposure and maintain shareholder remuneration at €0.60 per share for the third consecutive year."

They must be pretty high up on the Bank of England's "watch and worry" list.

Chart says it all, bad debt situation in Spain weighing heavily depositors in A&L,Abbey and B&B should be made aware of these problems.

Problem is they could fall another 50%..

5 year chart below shows bounce off the low of 2009 .... can't say i would be inspired to buy, but that applies to almost any european bank as they probably all have heavy exposure to greece and/or spain and/or portugal and/or italy

cynic - you must have read my mind, I was just looking at same.

The 12 month low (and since 2009?) was/is 366 (last Wednesday 2nd).

RNS Number : 6609D

Banco Santander S.A.

18 May 2012

MATERIAL FACT

Banco Santander, S.A. (the "Bank") announces that on May 17, 2012, Moody's Investors Service published its revised ratings for the Bank, as detailed below:

-- Long term senior debt and deposits A3 from Aa3
-- Dated subordinated debt Baa1 from A2
Both ratings have a negative outlook.

-- Short term debt P-2 from P-1
Boadilla del Monte (Madrid), May 18, 2012

This information is provided by RNS

Spain's property is so cheap now.