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 (Brasil) S.A. operates as a subsidiary of Banco Santander (Spain).
Banco Santander (Brasil) S.A. has Category B banking license number 100160 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Santander (Brasil) S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco Santander (Brasil) S.A. failure its depositors will not get any compensation.
Banco Santander (Brasil) S.A. provides products and services in the areas of retail banking, private banking, corporate banking, insurance.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco Santander (Brasil) S.A. failure its depositors will not be paid out any compensation.
Banco Santander (Brasil) S.A. operates under the brand name Banco Santander. This banking brand has presence in the following European countries and selected dependent territories of the European countries: