Banco Santander, S.A.

Retail Banking Products

Credit Cards from 36.00 EUR p.a.

Established in 1857, Banco Santander is now the largest bank in Spain in terms of total assets. The bank's main business activity is retail banking which provides more than a half of the bank's income. Banco Santander, S.A. is the head bank of Santander Group (Spain).

Services
Retail Banking
Private Banking
Corporate Banking
Insurance

In 2016 total assets of Banco Santander, S.A. were 461,24 bln EUR. In 2016 the bank's net income was 2 481,31 mln EUR.

Total Assets (2016)
461.24 bln EUR  (-7.07%)
Net Income (2016)
2 481.31 mln EUR  (+8.99%)

Banco Santander, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade). Banco Santander, S.A. participates in deposit guarantee scheme of Spain. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Banco Santander, S.A. is headquartered in Santander.

Head of Group
 Santander (Spain)

Address
Ps de Pereda, 9-12, 39004, Santander, Spain
Website
https://www.bancosantander.es/
BIC (SWIFT)
BSCHESMM
MFI ID
ES0049

Business Summary

Services
retail banking
private banking
corporate banking
insurance
Products
current accounts
savings accounts
time deposit accounts
structured deposit accounts
pension accounts
debit cards
credit cards
consumer loans
mortgage loans
business loans
trade finance

Products

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Banco Santander, S.A..

Last updated 17 October 2017

Santander Mundo 1,2,3
Sales Region
Spain
Card Currency
EUR
Card Provider
MasterCard
Card Type
Standard
Annual Costs (EUR)
36.00
Credit Card Details
Product Name
Santander Mundo 1,2,3
Card Provider
MasterCard
Card Type
Standard
Annual Costs
36.00 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services

Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.

See Also

Financial Positions

Total Assets (2016)
461.24 bln EUR  (-7.07%)
Total Equity (2016)
63 235.11 mln EUR  (+7.46%)

In 2016 total assets of Banco Santander, S.A. were 461.24 bln EUR. Decline compared to the previous period (2015) was -7.07%. The evolution of the total assets of Banco Santander, S.A. is shown at Chart 1 below.

Total Assets of Banco Santander, S.A.. Chart 1. Total Assets of Banco Santander, S.A..

Recent changes in total assets of Banco Santander, S.A. and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 12.4 15.6 +25.85%
Loans to banks 30.0 25.8 -14.11%
Loans to other clients 182.0 178.8 -1.75%
Total Assets 496.3 461.2 -7.07%
Table 1. Recent changes in total assets of Banco Santander, S.A. (bln EUR).

Recent changes in total liabilities of Banco Santander, S.A. and its main components are shown in Table 2.

2015 2016 % change
Bank deposits 59.6 49.3 -17.36%
Deposits from other clients 203.7 206.7 +1.47%
Total Liabilities 496.3 461.2 -7.07%
Table 2. Recent changes in total liabilities of Banco Santander, S.A. (bln EUR).

Profit and Loss

Operating Income (2016)
2 373.00 mln EUR  (-15.08%)
Net Income (2016)
2 481.31 mln EUR  (+8.99%)

Recent changes in gross profit of Banco Santander, S.A. and its main components are shown in Table 3.

2015 2016 % change
Interest Income 6 642.8 5 763.4 -13.24%
Interest Charges -3 581.8 -3 113.4 -13.08%
Net Interest Income 3 061.1 2 650.0 -13.43%
Commission Income 2 002.2 2 035.1 +1.64%
Commission Charges -353.9 -343.3 -2.98%
Table 3. Recent changes in gross profit of Banco Santander, S.A. (mln EUR).

In 2016 net income of Banco Santander, S.A. was 2 481.31 mln EUR. Growth compared to the previous period (2015) was 8.99%. The evolution of the net income of Banco Santander, S.A. is shown at Chart 2 below.

Net Income of Banco Santander, S.A.. Chart 2. Net Income of Banco Santander, S.A..

Credit Ratings (as of Apr 2016)

Fitch Moody's
A- (high credit quality) A3 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banco Santander, S.A. is rated by Fitch and Moody's.

Credit ratings assigned to Banco Santander, S.A. as of April 2016 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banco Santander, S.A. it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Banco Santander, S.A. is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  a-
Support Rating  5
Support Rating Floor  NF

Viability rating for Banco Santander, S.A. is set to a- (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Banco Santander, S.A. it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is baa1. Short-term rating is set to Ba1.

Long-Term Rating  A3
Long-Term Bank Deposit Rating  A3
Bank Financial Strength Rating  baa1
Short-Term Rating  Ba1
Outlook  stable

Outlook for the ratings of Banco Santander, S.A. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Spain are obliged to participate in Spanish deposit guarantee scheme.

In the case of Banco Santander, S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  credit balances on accounts, nominative deposit certificates constituted in the EU
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banco Santander, S.A. and its components are shown in the table below.

BIC  BSCHESMM
Bank BIC Code  BSCH
Country Code  ES (Spain)
Location Code  MM
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banco Santander, S.A. is shown in the table below.

MFI ID  ES0049

European Presence: 9 banks in 9 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Belgium

Cayman Islands

France

Germany

Italy

Portugal

Spain

  •  (this bank) Banco Santander, S.A. (Santander)

Switzerland

United Kingdom