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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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.

Review by Fitch of ratings
RNS Number : 1632F
Banco Santander S.A.
12 June 2012


MATERIAL FACT


Banco Santander, S.A. (the "Bank") hereby announces that following the recent downgrade of the Spanish sovereign debt rating by Fitch Ratings, the agency published on June 11, 2012 their revised ratings for the Bank, as detailed below:


§ Long-term debt & deposits BBB+ from A (negative outlook)
§ Subordinated debt BBB from A-
§ Preferred Shares BB- from BB+

§ Short-term debt & deposits F2 from F1



Boadilla del Monte (Madrid), June11,2012

3rd Quarter 2012 results press release

Time to be buying

nice divi in shares paid

any news about financial problems?

Banco Santander announces that it has reached agreement to acquire the listed Canadian company Carfinco Financial Group Inc. ("Carfinco") for an amount of 298 million Canadian dollars (approximately €210 million). Santander will pay 11.25 Canadian dollars per share, which represents a premium of 32% on the share price during the last 90 trading sessions. The board of directors of Carfinco has approved the transaction and will recommend to its shareholders that they vote in favour of the same at the general meeting to be called for such purpose.

The impact of the transaction on the Group's shareholders' equity is not significant.

Carfinco is a company specializing in automobile financing. This transaction gives continuity to the growth strategy in the consumer finance business.

It is expected that the transaction, which is subject to regulatory authorization, will be concluded in the second half of 2014.

StockMarketWire.com
Banco Santander passed the European Banking Authority's comprehensive assessment.

The bank says that with respect to the stress test applied to all countries where the group operates and which covers a three-year period (2014-2016) with two scenarios (base and adverse), the results were as follows:

· As of 31 December 2016, Grupo Santander increases its capital ratio (CET1) by 1.6 percentage points in the base scenario, to 12%.

· In the adverse scenario, the CET1 ratio drops 1.4 percentage points, to 9%. Such ratio is 3.5 percentage points above the required minimum, meaning that in this scenario, Grupo Santander would exceed the required capital amount by close to €20,000m.

StockMarketWire.com
Banco Santander's voluntary offer to acquire the 25% minority interests in Banco Santander Brasil has fallen short of its target.

Securities representing 13.65% of Santander Brasil's share capital have been tendered in the offer increasing Grupo Santander's shareholding to 88.30%.

Holders of securities of Santander Brasil who have not tendered in the offer have the right to sell them to Banco Santander during a three-month subsequent offering period at the same exchange ratio.

Ex-divi 14th Jan 2105 (€0.15)

StockMarketWire.com
Banco Santander sees attributable FY net profit of about 5.8bn euros, up a jot more than 30% on the year. Excluding the impact of exchange rate variations, this represents an increase of slightly above 40%.

It estimates that:
- income increased approximately 6% compared to 2013, led by the income coming from net interest income and commissions received, which are estimated to have increased 8% and 6%, respectively.

- expenses grew approximately 3%, which is below the average inflation rate of the group's main markets, reflecting the synergies derived from the executed integrations and from the implementation of productivity and efficiency plans, which synergies have been greater than initially forecasted.

- loan-loss provisions decreased approximately 10%, highlighting the cases of Brazil, Spain, United Kingdom and Portugal. As a consequence, the cost of credit for 2014 would be below 1.5%, compared to the 1.7% cost of credit for 2013

Regarding the balance sheet, the following trends have been observed as of 31: - A positive evolution of the credits, which grew in the fourth quarter in constant euros as compared to the balances as of 30 September in the majority of the group's markets (with an increase of approximately 3% in Latin America) while deposits remained stable

- The group's non-performing loan ratio is estimated to be 5.2% and the coverage ratio in respect of these non-performing loans is estimated to be 68%. Both ratios are expected to improve for the fourth consecutive quarter due to the positive trend in non-performing loan entries which have decreased by almost half when compared with those accumulated as of December 2013.

- It is estimated that the common equity tier 1 figure (CET1) and the total regulatory capital as of December 31, 2014 were approximately 11% and 12%, respectively. The estimated CET1 'fully loaded' ratio at such date is 8.3%.

Additionally, Banco Santander announced its intention to reorient its shareholder remuneration policy, by way of progressively increasing the proportion of cash retributions, with the subsequent reduction of the remuneration consisting in the delivery of bonus shares and by setting its cash pay-out target at a figure of, approximately, between 30% and 40% of its recurrent profit in the coming years.

The intention of the board of directors is to remunerate Banco Santander's shareholders with a charge to the 2015 profits through three cash dividends and a single application of the 'Santander Dividendo Elección' programme (scrip dividend scheme), in each case for a total amount of five euro cents per share.

Banco Santander also announced that, following on from the closing of the bookbuilding process carried out by Goldman Sachs International and UBS Limited, acting as Joint Bookrunners, and Banco Santander, acting as co-bookrunner, it has set the final terms and conditions of the capital increase:

a) The Capital Increase will be of a total par value of €606,796,117, through the issue of 1,213,592,234 ordinary shares of Banco Santander, each with a par value of fifty euro cents (€0.50), of the same class and series as the shares currently outstanding (the "New Shares").

b) The issue price (par value and share premium) of the new shares has been set in the amount of €6.18 per share.

c) Therefore, the total gross proceeds (comprising the par value and the share premium of all the New Shares) of the capital increase will amount to €7,500,000,006.12, with €606,796,117 corresponding to the par value and €6,893,203,889.12 to the share premium. The new shares will represent 9.64% of Banco Santander's share capital before the capital increase and 8.80% of its share capital l following the capital increase.

StockMarketWire.com
Banco Santander posts a profit of €1.717bn for the first quarter - 32% up on a year ago.

Lending reached €813,260m - 14% more than the corresponding period last year. Deposits and mutual funds also grew 14%. Customer funds increased in the ten key markets as did lending in all countries, except Portugal.

Revenues grew two points more than costs, 13% compared to 11%, allowing a 0.9 point improvement in the efficiency ratio which, at 47.0%, is one of the best in the sector.

The growth in profit brought an improvement in ROTE of 1.1 points, to 11.5%, and a 6% increase in earnings per share.

Profit grew in nine of the ten markets. Europe contributed 52% of group profit (United Kingdom 20% and Spain 15%), Latin America 38% (Brazil 21% and Mexico 7%) and US, 10%.

⬢ Spain: Attributable profit reached €357million (+42%). Net interest income grew almost 2% and costs fell 5%. Lending increased 1% and customer funds 7% over March of last year.

⬢ UK: Attributable profit totalled €477 million (£355 million, +14%). Net interest income grew 8% and costs 5%. Credit increased 5%, and customer funds, 3%.

⬢ Brazil: Attributable profit amounted to 516 million (BRL 1,657 million, +41%). Basic revenues and costs remained practically flat. Loans were up 17% and customer funds 12%.

Chairman Ana Botín said: "Santander's strong increase in lending reflects our commitment to helping our customers grow. When we raised capital in January, we said our goal was to target organic growth in our core markets forecasted to achieve strong economic recovery."

StockMarketWire.com
Santander reports an ordinary profit of €43.426bn for the first half, a 24% increase on last time.

Lending reached €826,707 million, 13% more than the same period last year. Deposits and mutual funds grew 12% year-on-year and now total EUR 823,482 million. In the first half, lending rose EUR 65,000 million and customer funds €51,000 million.

Revenues grew 12% and costs 11%, which allowed net operating income to grow 13%, to EUR 12,256 million. The efficiency ratio improved 0.4 point, to 46.9%, one of the best in the sector.

The fully loaded CET1 capital ratio improved 0.16 point in the quarter to 9.83%. Return also improved, 0.6 point, meaning ROTE of 11.5%.

Profit grew in the group's core markets. Europe contributed 54% (United Kingdom 21% and Spain 16%), Latin America 37% (Brazil 20% and Mexico 7%), and US, 9%.

⬢ Spain: Attributable profit reached EUR 771 million (+50%). The reduction of costs by 4% and loan loss provisions by 37% are the key. Lending was stable and customer funds grew 6% year-on-year.

⬢ United Kingdom: Attributable profit was EUR 1,029 million, 33% more (GBP 753 million, +18%). Revenues grew 5% and loan loss provisions fell 60%. Loans were up 5% and customer funds 4%.

⬢ Brazil: Attributable profit reached EUR 1,007 million, 33% more (BRL 3,326 million, +39%). Revenues grew 9%, twice the growth of costs. Lending increased 16% and customer funds, 13%.

Chairman Ana Botín said: "The first half results show the soundness and consistency of Banco Santander's business model. Profit grew in our ten core markets. Return, operational excellence and credit quality also improved. We will pay the first dividend against fiscal year 2015 in August and it will be entirely in cash."