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).
In 2023, Banco Santander, S.A. achieved the position of 1st largest bank in Spain with a market share of 39.65%; its total assets grew by 0.98%.
Additionally, the bank became the 8th profitable bank in relation to its total assets showcasing 1.23% return on assets and 12.75% return on equity in 2023.
Deposits up to 100,000 EUR are covered by Spanish deposit guarantee scheme in Banco Santander, S.A.
Becoming a client of Banco Santander, S.A. can be done in a few steps:
Banco Santander, S.A. ranks as the 1st largest bank in Spain by total assets. In 2023 its total assets were 757.34 bln EUR, representing a 39.65% market share. In 2023 the bank's net income was 9,238.75 mln EUR.
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 A2 (upper medium grade).
Banco Santander, S.A. protects deposits up to up to 100,000 EUR per depositor through Spain's deposit guarantee scheme. The scheme applies to credit balances on accounts made by natural persons, legal entities. The bank participates in the Fondo de Garantía de Depósitos de Entidades de Crédito (FGD), making regular contributions into it.
Banco Santander, S.A. is headquartered in Santander.
Banco Santander, S.A. has profiles at the following social networks: