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 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.
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. 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.
time deposit accounts
structured deposit accounts
Banco Santander, S.A. provides products and services in the areas of retail banking, private banking, corporate banking, insurance. The range of products offered by Banco Santander, S.A. includes current accounts, savings accounts, time deposit accounts, structured deposit accounts, pension accounts, debit cards, credit cards, consumer loans, mortgage loans, business loans, trade finance, trading accounts.
Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.
Trading accounts made with Banco Santander, S.A. are covered by investor compensation scheme of Spain up to 20 000 EUR per investor. Trading accounts offered by Banco Santander, S.A. are shown in the table below.
Updated on 19 October 2018
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|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.
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.
|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%|
|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.
|Deposits from other clients||203.7||206.7||+1.47%|
|Table 2. Recent changes in total liabilities of Banco Santander, S.A. (bln EUR).|
|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.
|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%|
|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.
Chart 2. Net Income of Banco Santander, S.A..
|A- (high credit quality)||A2 (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 May 2018 are shown in details in the following sections.
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-|
|Short-Term Issuer Default Rating||F2|
|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).
Long-term rating for Banco Santander, S.A. it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A2|
|Baseline Credit Assessment||baa1|
Outlook for the ratings of Banco Santander, S.A. is set to stable (not likely to change).
|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|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
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.
|Bank BIC Code||BSCH|
|Country Code||ES (Spain)|
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.