DOCSLIB.ORG

Banco Santander: Extending Financial Se Vices to Low-Income Communities in B Azil

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banco Santander: Extending Financial Se Vices to Low-Income Communities in B Azil CASE STUDY Banco Santander: Extending financial se vices to low-income communities in B azil Initi ti e Descriptio In September 2013, Santander Microcrédito joined the Business Call to Action with a commitment to serve 124,799 low-income consumers with microfinance services and to disburse up to US$490 million in microcredit loans by 2015. The goals of Santander Microcrédito are to: • Disburse R$540 million (US$230 million) in microcredit operations by the end of 2014; and R$600 million (US$260 million) in 2015; and • Attain 126,000 active microcredit clients by the end of 2014 and 131,000 additional clients Business Model Santander Microcredit is an example of how Banco in 2015. In Brazil, 52 million people and Santander Brasil contributes to approximately 25 million informal reducing social inequalities in entrepreneurs lack access to the for- the country. When we started mal banking system. Santander Brasil thinking about how to launch Microcredit, a company affiliated with the microcredit programme, we Banco Santander Brasil, was founded decided that it should be a in 2002 to offer microcredit operations model in which all involved to support business entrepreneurs parties could benefit. that could not access formal banking services. To this end, Santander Brasil Microcredit offers loans that con- tribute to employment and income generation for low-income people. Currently, Santander Microcredit The average monthly income in Brazil operates in more than 600 municipali- is US$6801 and 21 percent of the pop- ties (in 10 Brazilian states), and has 25 ulation live below the poverty line2. branch offices. Of these, 20 percent 1 http://www.worldcrunch.com/business-finance/in-booming-brazil-census-shows-income-gap- persists/c2s4115/#.VGNgoltHtA0 2 https://www.cia.gov/library/publications/the-world-factbook/geos/br.html are located in the southeast and In addition, credit agents help to assess to become members of a ‘solidarity Results Achieved 80 percent in the northeast of Brazil, the context and potential clients’ group’. These group comprise five to six where poverty and social inequality project or business plans, and identify members – usually entrepreneurs from are high and where the majority the most efficient way to use the the same community – who function Business Impact of people lack access to education microcredit. Through this personalized as guarantors of each other’s loans. Santander Microcrédito is the leader and financing. From the US$222.3 and tailored assistance, the credit Santander grants microcredit to these among private sector banks operating million available for this programme agents built a close relationship with solidarity groups, which then decide microcredit in Brazil. It holds a market in 2012, 94 percent of funds were clients, thereby enhancing client how to use the money and when to share of 16 percent and thus represents disbursed as credits to clients from retention at the bank. repay it. the second largest Brazilian company this region. in this segment. Since 2002 Santander Risk management In addition, Santander supports the disbursed credit to 182,000 clients for Another core component of Santander´s financial recovery of clients if their a total of US$1.6 billion throughout microcredit programme is its thorough ventures fail. In this case, Santander Brazil. Currently, the microcredit team How It Works risk-management system, which offers supplementary financial guidance is formed by 277 employees, of whom mitigates clients social risks related to or, if needed, additional credit support. 206 are microcredit agents operating in By including credit agents and local indebtedness and business failure. Risk the communities where Santander has organizations in the provision of credit, management entails measures aimed Applying this risk management offices. the company contributes to the social at improving prevention and recovery approach contributes to the success of welfare of the communities where its among Santander´s clients. Santander’s microcredit programme. While these figures are impressive, the clients live and work. Santander also In 2012 for example, Santander bank also encountered a number of provides small entrepreneurs with: To prevent its clients from becoming Microcredit achieved a default rate of 3 challenges associated with working at • working capital; indebted, the company offers financial percent, while in the Brazilian financial the bottom of the pyramid. guidance on credit management. In system, the rate was 3.7 percent. • fixed investment loans to buy addition, Santander requires its clients Despite these challenges, microcredit equipment and adapt technologies is an important part of Santander’s to become more eco-efficient; and long-term competitive strategy. The • financial guidance through microcredit program improves the classroom training. reputation of Santander and shows its social responsibility. Furthermore it Currently, Santander Microcredit helps to grow their customer base. provides loans ranging from R$500 (US$244) to R$15,000 (US$7,320)3. Development Impact Loan terms and conditions include Santander promotes banking program remains in the community Santander organizes events to raise interest rates of 2 percent to 3.95 inclusion via the granting of loans. while boosting trade and other local local communities’ awareness about percent per month for a duration of The microcredit program provides activities, thereby reinforcing the social cancer prevention and mosquito-borne 4 to 24 months. productive and focused microcredit to impact. Furthermore Santander directly diseases. Furthermore, Santander offers small entrepreneurs with no access to creates employment opportunities by the web series “Colcha de Sonhos”, The provision of microcredit services is traditional bank products and services. hiring their credit agents from local which targets microcredit clients based on two core components: In this way, Santander helps small communities. There are now 206 credit and their families with know-how on entrepreneurs to leave the informal agents whose lives have improved financial education, income generation, Credit agents sector and to formalize and scale and who now contribute to further eco-efficiency and citizenship. Credit agents are the core actors in up their businesses. Consequently, development in their own communities. Santander’s microcredit programme. Santander contributes to increased Santander constantly strives to improve They serve in more than 600 Brazilian Key Success Factors employment and income generation at their skills by offering credit and cities and support customers in the bottom of the pyramid. financial guidance, and encourages Close customer relation managing their microcredit. Santander In comparison to other banks, Santand- selects and hires credit agents from them to share their knowledge with er’s microcredit program does not offer local communities. The agents are Since 2002, Santander has disbursed their communities. then trained to provide Santander´s credit to 182,000 clients for a total over-the-counter transactions in which clients with financial advice and share of US$1.6 billion throughout Brazil; In addition to generating income clients walk into a branch to apply for knowledge on business management women constitute 70 percent of the and employment, Santander also a loan. Instead, Santander goes into and sustainability, including energy credit holders. According to research promotes education, health and communities and hires and trains local efficiency, recycling, residue conducted by Fundação Getulio sustainability initiatives in order to credit agents. Thus Santander is close management and water consumption. Vargas, approximately two thirds of further improve the quality of life of to its clients, their daily activities and the income growth generated by the clients and their families. For example, businesses. As a result, its credit agents 3 1US$ = R$2.049 offer personalized, tailored services and advice, and can pinpoint risks early Next Steps and Spin Off ects on. This close relationship with clients allows the agents to jointly assess the context and the potential for each ven- ture, and decide how the money is best Based on the success of its microcredit used. In turn, Santander benefits from program, Santander wants to continue high customer retention rates. to grow the program and serve more clients. New technology Another aspect of the microcredit program’s success is the use of new technology by credit agents, which makes the execution of loans more agile and straightforward. The use of computers reduces the average time to obtain the loan from five days in 2011 to two days today. Training on sustainability In addition to financial services and guidance, Santander also provides advice to clients on basic sustainability issues. Knowledge is conveyed in a clear, direct manner to show that meeting sustainability goals (i.e. more efficient usage of water and energy) does not necessitate additional hurdles, but offers direct benefits such as cost reduction and risk management, which in turn also improve the quality of the Bank’s portfolio. Innovation that improve lives Contact the Business Call to Actio E: [email protected] T: +1 212 906 5695 www.BusinessCalltoAction.o g Written by Juliane Schmidt, Endeva Reviewed by Anna Peters, Endeva and Tatiana Bessarabova, Business Call to Action .
Load more

Recommended publications
  • 18 February 2019 Solvency and Diversification in Insurance Remain Key Strengths Despite Change in Structure
    FINANCIAL INSTITUTIONS ISSUER IN-DEPTH Lloyds Banking Group plc 18 February 2019 Solvency and diversification in insurance remain key strengths despite change in structure Summary RATINGS In 2018, Lloyds Banking Group plc (LBG) altered its structure to comply with the UK's ring- Lloyds Banking Group plc Baseline Credit a3 fencing legislation, which requires large banks to separate their retail and SME operations, Assessment (BCA) and deposit taking in the European Economic Area (EEA) from their other activities, including Senior unsecured A3 Stable the riskier capital markets and trading business. As part of the change, LBG designated Lloyds Bank plc as the“ring-fenced” entity housing its retail, SME and corporate banking operations. Lloyds Bank plc It also assumed direct ownership of insurer Scottish Widows Limited, previously a subsidiary Baseline Credit A3 Assessment (BCA) of Lloyds Bank. The changes had little impact on the creditworthiness of LBG and Lloyds Adjusted BCA A3 Bank, leading us to affirm the deposit and senior unsecured ratings of both entities. Scottish Deposits Aa3 Stable/Prime-1 Widows' ratings were unaffected. Senior unsecured Aa3 Stable » LBG's reorganisation was less complex than that of most UK peers. The Lloyds Lloyds Bank Corporate Markets plc Banking Group is predominantly focused on retail and corporate banking, and the Baseline Credit baa3 required structural changes were therefore relatively minor. The group created a small Assessment (BCA) separate legal entity, Lloyds Bank Corporate Markets plc (LBCM), to manage its limited Adjusted BCA baa1 Deposits A1 Stable/Prime-1 capital markets and trading operations, and it transferred its offshore subsidiary, Lloyds Issuer rating A1 Stable Bank International Limited (LBIL), to LBCM from Lloyds Bank.
    [Show full text]
  • Analisis De La Responsabilidad Social Corporativa Del Sector Bancario
    Facultad de Ciencias Económicas y Empresariales ANÁLISIS DE LA RESPONSABILIDAD SOCIAL CORPORATIVA EN EL SECTOR BANCARIO ESPAÑOL Autor: María Sánchez Barbero Director: Laura Gismera Tierno MADRID | Abril 2020 RESUMEN/ABSTRACT Resumen La Responsabilidad Social Corporativa es una práctica en auge desde finales de los años 90 y su función principal es satisfacer a los grupos de interés –stakeholders- de las empresas que la aplican. La RSC busca cumplir con los intereses internos de las compañías y de la sociedad, mejorando así la imagen corporativa de la empresa. El sector bancario español lleva casi 20 años aplicando esta corriente empresarial hasta el punto que, las distintas entidades bancarias que conforman el sector, desarrollan modelos de RSC prácticamente idénticos. Este trabajo tiene como principal objetivo analizar la Responsabilidad Social Corporativa en el sector bancario español. En primer lugar, se expondrá una aproximación al concepto de Responsabilidad Social Corporativa, así como su evolución, las principales teorías sobre la materia y ciertos aspectos diferenciales y normativos con los que se identifica la RSC. Así mismo, se realizará un análisis de la evolución del sector bancario en los últimos años junto con las oportunidades y amenazas a las que se enfrenta el mismo. Finalmente, se analizará el modelo de RSC de cinco de las entidades bancarias más importantes a nivel nacional: Santander, BBVA, CaixaBank, Bankinter y Banco Sabadell. Palabras clave: Responsabilidad Social Corporativa (RSC), economía, entidades bancarias, stakeholders, interés, sostenibilidad, acción social. Abstract Corporate Social Responsibility has been a growing practice since the late 1990s and its main function is to satisfy the stakeholders of the companies that apply it.
    [Show full text]
  • Santander Bank Customer Satisfaction
    Santander Bank Customer Satisfaction Two-handed and convict Ross whiz so recognizably that Stefano supernaturalised his chartularies. Medium-sized and metazoic Brad codifying skeptically and buccaneer his Jugurtha mildly and kinetically. Wholesale Stefan parleyvoo some abettors and clobbers his mademoiselle so blunderingly! Prior presidents going and wish to understand and money jar with compliance areas of different countries, bank customer experience with their customer satisfaction was with Every single thing you have a satisfaction in this we strive to all banks in banks and when they shopped for new messages back or bank customer satisfaction. Assessing Classification Methods for Prediction of Customer Satisfaction Santander Bank Dataset The dataset traincsv was obtained from Kagglecom. The united states exhibition in historical data to other regional business banking sector may in latin america does on recent years. Enable them until you will improve or one of other nearby branches, an issue in. Position at least one, it will apply and on behalf of money. Joining santander we could not just four stars for ensembling tree algorithms in? Santander uk has had to choose the interest rates and so on how do i was a santander customer satisfaction. Since most impact of any unwanted effect on their financial institution standards are best possible once a stock. Are false data who the columns numeric or intelligence they need anything be encoded? If should wish to was the client at state center, we must they so realistically. Accounts in this element in all matters into company and certificates of corporate governance and compare reviews, it was a whole branch.
    [Show full text]
  • ESG Report Fund Name GAM Star Credit Opportunities (USD)
    4/7/2021 Cover ESG Report Fund Name GAM Star Credit Opportunities (USD) 31 March 2021 This document is confidential and intended solely for the use of the person to w hom it is given or sent and may not be reproduced, copied or given, in w hole or in part, to any other person. 1/1 4/7/2021 Summary EFunSd NGam eSummary GAM Star Credit Opportunities (USD) MSCI ESG Rating MSCI Coverage by Weight ESG Score No 8% Environment Social Governance A 7.2 7.4 4.6 5.6 ESG Rating Distribution ESG Rating Momentum (YoY) Yes 92% 47% 40% 40% (Cash & FX excluded) 27% 17% 5% 4% 2% 2% AAA AA A BBB BB Strong Upward Upward Stable Downward Strong Downward Top 10 Issuers by Weight Top 10 Issuers by Rating Issuer Name % Sector ESG Rating Issuer Name % Sector ESG Rating HSBC HOLDINGS PLC 6.9 % Banks BBB Banco Bilbao Vizcaya Argentaria, S.A. 3.3 % Banks AAA BARCLAYS PLC 6.5 % Banks A Sw iss Re AG 1.3 % Multi-Line Insurance & Brokerage AAA Stichting AK Rabobank 5.8 % Banks A AXA SA 0.7 % Multi-Line Insurance & Brokerage AAA NATWEST GROUP PLC 5.5 % Banks AA Allianz SE 0.6 % Multi-Line Insurance & Brokerage AAA UBS Group AG 5.2 % Investment Banking & Brokerage AA OMV Aktiengesellschaft 0.3 % Integrated Oil & Gas AAA SOCIETE GENERALE SA 5.2 % Banks AA AXA BANQUE S.A. 0.1 % Multi-Line Insurance & Brokerage AAA BNP PARIBAS SA 4.7 % Banks AA NATIXIS US MEDIUM-TERM NOTE PROGRAM LLC 0.0 % Investment Banking & Brokerage AAA Credit Suisse Group AG 4.4 % Investment Banking & Brokerage A NATWEST GROUP PLC 5.5 % Banks AA LLOYDS BANKING GROUP PLC 4.1 % Banks AA UBS Group AG 5.2 % Investment Banking & Brokerage AA BANCO SANTANDER, S.A.
    [Show full text]
  • Brown Brothers Harriman Global Custody Network Listing
    BROWN BROTHERS HARRIMAN GLOBAL CUSTODY NETWORK LISTING Brown Brothers Harriman (Luxembourg) S.C.A. has delegated safekeeping duties to each of the entities listed below in the specified markets by appointing them as local correspondents. The below list includes multiple subcustodians/correspondents in certain markets. Confirmation of which subcustodian/correspondent is holding assets in each of those markets with respect to a client is available upon request. The list does not include prime brokers, third party collateral agents or other third parties who may be appointed from time to time as a delegate pursuant to the request of one or more clients (subject to BBH's approval). Confirmations of such appointments are also available upon request. COUNTRY SUBCUSTODIAN ARGENTINA CITIBANK, N.A. BUENOS AIRES BRANCH AUSTRALIA CITIGROUP PTY LIMITED FOR CITIBANK, N.A AUSTRALIA HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) AUSTRIA DEUTSCHE BANK AG AUSTRIA UNICREDIT BANK AUSTRIA AG BAHRAIN* HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BANGLADESH* STANDARD CHARTERED BANK, BANGLADESH BRANCH BELGIUM BNP PARIBAS SECURITIES SERVICES BELGIUM DEUTSCHE BANK AG, AMSTERDAM BRANCH BERMUDA* HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BOSNIA* UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG BOTSWANA* STANDARD CHARTERED BANK BOTSWANA LIMITED FOR STANDARD CHARTERED BANK BRAZIL* CITIBANK, N.A. SÃO PAULO BRAZIL* ITAÚ UNIBANCO S.A. BULGARIA* CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK N.A. CANADA CIBC MELLON TRUST COMPANY FOR CIBC MELLON TRUST COMPANY, CANADIAN IMPERIAL BANK OF COMMERCE AND BANK OF NEW YORK MELLON CANADA RBC INVESTOR SERVICES TRUST FOR ROYAL BANK OF CANADA (RBC) CHILE* BANCO DE CHILE FOR CITIBANK, N.A.
    [Show full text]
  • ING to Sell Insurance Units in Hong Kong, Thailand
    CORPORATE COMMUNICATIONS PRESS RELEASE Amsterdam, 14 June 2013 ING to sell Mexican mortgage business to Santander ING announced today it has reached an agreement to sell ING Hipotecaria, its mortgage business in Mexico, to Banco Santander (México) S.A.. The transaction is part of ING’s earlier announced process to divest its insurance and investment management businesses. ING Hipotecaria is a domestic Mexican mortgage business serving approximately 28,000 customers through its 20 branches, which remained with ING following the divestment of ING’s Latin American pensions, life insurance and investment management operations in 2011. Today’s announcement does not affect ING’s Commercial Banking activities in Mexico. The transaction announced today is not expected to have a material impact on ING Group results. Subject to regulatory approvals, it is expected to close in the second half of 2013. Banco Santander (México), one of Mexico’s leading financial services holding companies, provides a wide range of financial and related services, including retail and commercial banking, securities brokerage, financial advisory and other related investment activities. Press enquiries Investor enquiries Raymond Vermeulen Investor Relations +31 20 57 66369 +31 20 57 66396 [email protected] [email protected] ING PROFILE ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. Going forward, we will concentrate on our position
    [Show full text]
  • Banco Santander EMTN 20211,2 MB
    BASE PROSPECTUS BANCO SANTANDER, S.A. (incorporated with limited liability in Spain) €25,000,000,000 PROGRAMME FOR THE ISSUANCE OF DEBT INSTRUMENTS This document (the “Base Prospectus”) constitutes a base prospectus for the purposes of Article 8 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of the EU of 14 June 2017 (as amended, the “Prospectus Regulation”) relating to instruments (the “Instruments”) issued under the programme described herein (the “Programme”) by Banco Santander, S.A. (“Santander”, “Banco Santander”, the “Issuer” or the “Bank”) and has been prepared in accordance with, and including the information required by Annexes 7 and 15 of Commission Delegated Regulation (EU) 2019/980 of 14 March 2019 supplementing the Prospectus Regulation. This Base Prospectus has been approved by the Central Bank of Ireland, as competent authority under the Prospectus Regulation. This Base Prospectus has been approved on 15 March 2021, as a base prospectus issued in compliance with the Prospectus Regulation for the purpose of giving information with regard to the issue of Instruments under the Programme during the period of twelve months after the date of its approval. The Central Bank of Ireland assumes no responsibility as to the economistic and financial soundness of the transactions and the quality or solvency of the Issuer. The Central Bank of Ireland only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed under Irish and European Union (“EU”) law pursuant to the Prospectus Regulation. Such approval by the Central Bank of Ireland should not be considered as an endorsement of the Issuer or the quality of the securities that are the subject of this Base Prospectus.
    [Show full text]
  • Banco Santander, BBVA and Caixabank)
    COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESA BILINGÜE Trabajo Fin de GRADO Comparative analysis of financial structures of the most important banks in Spain (Banco Santander, BBVA and CaixaBank) Autor: BARRENECHEA PRADO, RICARDO Tutor: RIVERO MENÉNDEZ, Mª JOSÉ Madrid, abril de 2019 Abstract. Along this paper, the analysis of the financial accounts for the three biggest Spanish banks will be held. In order to be able to do so in the most appropriate method, the calculation of the capital, financial leverage, profitability, and loan loss coverage ratios will be calculated for every bank for the years 2016 and 2017, for latter compare these results between each banks, other national banks or banks from countries members of the Eurozone, in order to get the most accurate vision of the financial structures of these banks analysed. 1 Index. 1. Introduction. ..................................................................................................... 4 2. Description of the industry and companies (Banco Santander, BBVA, CaixaBank). ......................................................................................................... 5 2.1 The banking industry in Spain. .................................................................. 5 2.2 Banco Santander. ...................................................................................... 6 2.3 BBVA ......................................................................................................... 7 2.4 CaixaBank. ...............................................................................................
    [Show full text]
  • AIB Agrees to Sell Its Polish Interests for EUR3.1 Billion 10Th September 2010 the Board of Directors of Allied Irish Banks
    AIB agrees to sell its Polish interests for EUR3.1 billion 10th September 2010 The Board of Directors of Allied Irish Banks, p.l.c. ("AIB") [NYSE: AIB] today announces that it has agreed to sell its interests in Poland for a total consideration of approximately EUR3.1 billion This represents the sale of its entire shareholding in Bank Zachodni WBK S.A. (“BZWBK”), comprising 51,413,790 shares, representing approximately 70.36% of BZWBK’s issued share capital, and its 50% shareholding in BZWBK AIB Asset Management S.A. (“BZWBK AIB A.M.”) to Banco Santander S.A. (“Santander”) (the “Proposed Disposal”). The price that Santander has agreed to pay AIB for its shares in BZWBK is PLN11.67 billion (or approximately €2.9 billion*). Santander has also agreed to pay €150 million for AIB’s stake in BZWBK AIB A.M. and therefore AIB will realise total proceeds from the sales of these assets of €3,088 million. The acquisition will be carried out through a public tender offer for 100% of the capital of BZ WBK addressed to all shareholders, in which AIB will tender all of its shares. Completion of the Proposed Disposal is subject to obtaining certain regulatory approvals and obtaining AIB shareholder approval. The sale of AIB’s shares in BZWBK is not conditional on acceptance of the tender offer by other BZWBK shareholders. The Proposed Disposal is part of AIB’s capital raising initiatives as announced on 30 March 2010, and will generate c. €2.5bn of equivalent equity tier 1 capital towards meeting AIB’s Prudential Capital Assessment Review requirement set by the Irish Financial Regulator.
    [Show full text]
  • Banco Santander EMTN 20192,6 MB
    BASE PROSPECTUS BANCO SANTANDER, S.A. (incorporated with limited liability in Spain) €25,000,000,000 PROGRAMME FOR THE ISSUANCE OF DEBT INSTRUMENTS This document (the “Base Prospectus”) constitutes a base prospectus for the purposes of Article 5.4 of Directive 2003/71/EC, as amended or superseded (which includes the amendments made by Directive 2010/73/EU)(the “Prospectus Directive”) relating to instruments (the “Instruments”) issued under the programme described herein (the “Programme”) by Banco Santander, S.A. (“Santander”, “Banco Santander”, the “Issuer” or the “Bank”). This Base Prospectus has been approved by the Central Bank of Ireland, as competent authority under the Prospectus Directive. This Base Prospectus has been approved on 12 March 2019, as a base prospectus issued in compliance with the Prospectus Directive for the purpose of giving information with regard to the issue of Instruments under the Programme during the period of twelve months after the date of its approval. The Central Bank of Ireland assumes no responsibility as to the economistic and financial soundness of the transactions and the quality or solvency of the Issuer. The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and European Union (“EU”) law pursuant to the Prospectus Directive. Such approval relates only to the Instruments which are to be admitted to trading on a regulated market for the purposes of Directive 2014/65/EU, as amended (“MiFID II”) and/or which are to be offered to the public in any member state (“Member State”) of the European Economic Area (“EEA”).
    [Show full text]
  • Curr Bank Swift/BIC AUD Australia and New Zealand Banking Group Limited, Docklands ANZB AU 3M AUD Commonwealth Bank of Austral
    SSI Information Curr Bank Swift/BIC AUD Australia and New Zealand Banking Group Limited, Docklands ANZB AU 3M AUD Commonwealth Bank of Australia, Sydney CTBA AU 2S CAD Bank of Montreal, Montréal BOFM CA M2 CAD The Bank of Nova Scotia, Toronto NOSC CA TT CAD The Toronto-Dominion Bank, Toronto TDOM CA TT CHF Credit Suisse AG, Zürich CRES CH ZZ 80A CHF Isbank AG, Zürich ISBK DE FX ZUR CHF UBS AG, Zürich UBSW CH ZH 80A CHF Zürcher Kantonalbank, Zürich ZKBK CH ZZ 80A DKK Danske Bank A/S, Copenhagen DABA DK KK DKK Nordea Bank Danmark A/S, Copenhagen NDEA DK KK EUR BANCA MONTE DEI PASCHI DI SIENA, Siena PASC IT MM EUR Banco Bilbao Vizcaya Argentaria SA, Bilbao BBVA ES MM EUR Banco Comercial Português SA, Porto BCOM PT PL EUR BANCO POPULAR ESPANOL, Madrid POPU ES MM EUR BANCO SANTANDER CENTRAL HISPANO S.A., Boadilla del Monte BSCH ES MM EUR Bank of Ireland, Dublin BOFI IE 2D EUR BNP Paribas SA, Paris BNPA FR PP EUR Citigroup Global Markets Deutschland AG, Frankfurt am Main CITI DE FF EUR Commerzbank AG, Frankfurt am Main COBA DE FF EUR Crédit Agricole SA, Montrouge AGRI FR PP EUR Deutsche Bank AG, Frankfurt am Main DEUT DE FF EUR Erste Group Bank AG, Vienna GIBA AT WG EUR ING Belgium SA/NV, Brussels BBRU BE BB 010 EUR Intesa Sanpaolo SpA BCIT IT MM EUR Isbank AG, Amsterdam ISBK NL 2A EUR Isbank AG, Frankfurt am Main ISBK DE FX EUR Isbank AG, Paris ISBK FR PP EUR KBC Bank NV, Brussels KRED BE BB EUR Landesbank Baden-Württemberg, Stuttgart SOLA DE ST EUR Natixis, Paris NATX FR PP EUR Raiffeisen Bank International AG, Vienna RZBA AT WW EUR Société
    [Show full text]
  • Información Complementaria Warrants Emitidos Por Banco Santander
    Madrid, 20 de Marzo de 2020 Ref: VENCIMIENTO DE WARRANTS EMITIDOS POR BANCO SANTANDER, S.A. Según lo establecido en las condiciones finales registradas para la emisión de Warrants. Muy Sr. Mío: Por la presente, y de acuerdo con lo estipulado en el Folleto Base de emisión de Warrants de Banco Santander, S.A., registrado en la C.N.M.V., les informamos de los precios de liquidación y de los importes de liquidación correspondientes a los Warrants emitidos por esta entidad con vencimiento 20 de Marzo de 2020. El precio de liquidación contra el que se establece el importe de liquidación por diferencias es, para cada uno de los subyacentes, el que aparece en la tabla adjunta. Código Precio Importe Precio Tipo de Bolsa Código ISIN Subyacente Tipo Strike Ratio Liquidación Liquidación Referencia Cambio H4492 ES0613909060 ACCIONA CALL 105.00 0.1000 105.0000 0.0000 CIERRE 1.0000 H4493 ES0613909078 ACCIONA CALL 110.00 0.1000 105.0000 0.0000 CIERRE 1.0000 H4494 ES0613909086 ACCIONA PUT 100.00 0.1000 105.0000 0.0000 CIERRE 1.0000 H4501 ES0613909151 ACERINOX CALL 9.50 0.5000 5.9240 0.0000 CIERRE 1.0000 H4502 ES0613909169 ACERINOX CALL 10.50 0.5000 5.9240 0.0000 CIERRE 1.0000 H4503 ES0613909177 ACERINOX PUT 8.25 0.5000 5.9240 1.1630 CIERRE 1.0000 H6194 ES0613909B35 ACS CALL 35.00 0.2000 13.3750 0.0000 CIERRE 1.0000 H6195 ES0613909B43 ACS CALL 37.00 0.2000 13.3750 0.0000 CIERRE 1.0000 H6196 ES0613909B50 ACS PUT 34.00 0.2000 13.3750 4.1250 CIERRE 1.0000 H4524 ES0613909383 BBVA CALL 5.25 0.5000 2.8860 0.0000 CIERRE 1.0000 H4525 ES0613909391 BBVA CALL 5.50
    [Show full text]