DOCSLIB.ORG

Banco Santander, S.A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banco Santander, S.A SHARE REGISTRATION DOCUMENT ANNEX I OF COMMISSION REGULATION (EC) No. 809/2004 OF APRIL 29, 2004 BANCO SANTANDER, S.A. October 2008 This Share Registration Document has been registered with the Official Registries of the National Securities Market Commission on October 29, 2008 REGISTRATION DOCUMENT TABLE OF CONTENTS RISK FACTORS CHAPTER 1: RESPONSIBLE PERSONS 1.1. PERSONS WHO ASSUME RESPONSIBILITY FOR THE CONTENTS OF THE REGISTRATION DOCUMENT 1.2. STATEMENT OF RESPONSIBILITY FOR THE REGISTRATION DOCUMENT CHAPTER 2: AUDITORS 2.1. AUDITORS’ NAMES AND ADDRESSES 2.2. RESIGNATION OF AUDITORS CHAPTER 3: FINANCIAL INFORMATION 3.1. SELECTED HISTORICAL INFORMATION 3.2. SELECTED INTERIM FINANCIAL INFORMATION CHAPTER 4: RISK FACTORS CHAPTER 5: INFORMATION ON THE ISSUER 5.1. HISTORY AND DEVELOPMENT OF THE ISSUER 5.1.1. Legal and trade name 5.1.2. Registration place and number 5.1.3. Date of incorporation and duration of business activity 5.1.4. Registered office, legal personality, applicable legislation, country of incorporation, address and telephone number of its registered office 5.1.5. Significant events in the Bank’s activities 5.2. INVESTMENTS 5.2.1. Principal investments of the issuer 5.2.2. Principal ongoing investments 5.2.3. Future investments regarding which firm commitments have currently been made CHAPTER 6: COMPANY DESCRIPTION 6.1. PRINCIPAL ACTIVITIES 6.1.1. Description of the Group’s principal activities 6.1.2. Significant new products and/or services 6.2. PRINCIPAL MARKETS 6.3. EXCEPTIONAL FACTORS AFFECTING THE PRINCIPAL ACTIVITY OR MARKET 6.4. DEPENDENCE ON PATENTS, LICENSES, AND RELATED AUTHORIZATIONS 6.5. SOURCE OF STATEMENTS MADE BY THE ISSUER REGARDING ITS COMPETITIVENESS Table of Contents - i CHAPTER 7: ORGANIZATIONAL STRUCTURE 7.1. DESCRIPTION OF THE GROUP AND ISSUER’S POSITION IN THE GROUP 7.2. MOST SIGNIFICANT COMPANIES OF THE GROUP CHAPTER 8: PROPERTY, PLANT AND EQUIPMENT 8.1. TANGIBLE ASSETS 8.2. ENVIRONMENTAL ISSUES CHAPTER 9: OPERATING AND FINANCIAL REVIEW AND PROSPECTS 9.1. FINANCIAL SITUATION. 9.1.1. Results of the Consolidated Group 9.2. OPERATING PROFIT 9.2.1. Information regarding significant factors 9.2.2. Significant changes in income 9.2.3. Information regarding governmental, tax, monetary and political actions CHAPTER 10: CAPITAL 10.1. ISSUER’S CAPITAL (LONG AND SHORT TERM) 10.2. ISSUER’S CASH FLOWS 10.3. ISSUER’S FINANCING STRUCTURE 10.4. RESTRICTIONS ON THE USE OF CAPITAL 10.5. FINANCING FOR PLANNED INVESTMENTS CHAPTER 11: RESEARCH AND DEVELOPMENT, PATENTS, AND LICENSES CHAPTER 12: TREND INFORMATION 12.1. SIGNIFICANT RECENT TRENDS 12.2. KNOWN TRENDS, UNCERTAINTIES, COMPLAINTS, COMMITMENTS OR EVENTS HAVING AN IMPACT ON PROSPECTS CHAPTER 13: EARNINGS FORECASTS OR ESTIMATES 13.1. STATEMENT OF THE PRINCIPAL ASSUMPTIONS ON WHICH THE FORECAST OR ESTIMATE WAS BASED 13.2. STATEMENT REGARDING AN INDEPENDENT REPORT ON THE PROFIT FORECAST 13.3. COMPARABILITY OF THE FORECAST WITH HISTORICAL FINANCIAL INFORMATION 13.4. STATEMENT REGARDING FORECASTS PUBLISHED IN THE PROSPECTUS AND THE FORECAST PROVIDED IN THIS DOCUMENT CHAPTER 14: BOARD, MANAGEMENT, AND SUPERVISORY BODIES; SENIOR EXECUTIVES 14.1. INFORMATION ABOUT THE MEMBERS OF THE BOARD OF DIRECTORS 14.1.1. Members of the board of directors 14.1.2. Directors and other persons responsible for the management of BANCO SANTANDER, S.A. at the highest level Table of Contents - ii 14.1.3. Committees of the Board of Directors 14.1.4. Limited partners, if the company is a limited partnership with stock capital 14.1.5. Founders, if the issuer has been established for a period of fewer than five years 14.1.6. Any senior executive who is relevant in order to establish that the issuer holds the appropriate qualifications and experience for handling the issuer’s activities 14.1.7. Relevant management training and experience of the members of the board of directors and of the senior executives; nature of all familial relationships among these individuals 14.1.7.1. Training and experience 14.1.7.2. Family relationships 14.1.8. Principal activities of the current board members and senior executives outside the Bank, when these activities are significant in relation to the Bank 14.1.9. Any convictions associated with offenses involving fraud within at least the preceding five years 14.1.10. Information regarding any bankruptcy, suspension of payments, or liquidation with which the members of the Bank’s management decision-making bodies or senior management were associated within the preceding five years 14.1.11 Details of any official public accusation and/or sanctions of this person by the statutory or regulatory authorities (including the designated professional organizations), and whether this person was ever disqualified by a court because of his or her actions as a member of an issuer’s administrative, management, or supervisory bodies, or because of his or her actions involving the management of an issuer’s affairs within the preceding five years 14.2. CONFLICTS OF INTEREST AFFECTING THE BOARD, MANAGEMENT, OR SUPERVISORY BODIES 14.2.1. Conflicts of interest 14.2.2. Agreements or understandings with major shareholders, customers, suppliers, or other parties, pursuant to which any person mentioned in Chapter 14.1 was appointed as a member of the Board of Directors or of Senior Management 14.2.3. Information about any restrictions agreed upon by the persons mentioned in Chapter 14.1 regarding the disposal of their interest in the issuer’s securities during a given period CHAPTER 15: COMPENSATION AND BENEFITS 15.1. BOARD OF DIRECTORS’ COMPENSATION 15.1.1. Bylaw-mandated compensation and attendance fees 15.1.2. Salaries 15.1.3 Advances, loans granted and guarantees outstanding provided by Grupo Santander in favor of directors 15.2. POST-EMPLOYMENT BENEFITS CHAPTER 16: MANAGEMENT PRACTICES 16.1. PERIOD AND DATE OF CONCLUSION OF CURRENT TERM 16.2. INFORMATION ON THE CONTRACTS OF MEMBERS OF THE BOARD, MANAGEMENT OR SUPERVISORY BODIES WITH THE BANK OR WITH GROUP COMPANIES 16.3. AUDIT COMMITTEE AND REMUNERATION COMMITTEE Table of Contents - iii 16.3.1. Audit and Compliance Committee 16.3.2. Appointments and Remuneration Committee 16.4 CORPORATE GOVERNANCE CHAPTER 17: EMPLOYEES 17.1. NUMBER OF EMPLOYEES 17.2. STOCK AND STOCK OPTIONS 17.3. DESCRIPTION OF RESOLUTIONS FOR EMPLOYEE PARTICIPATION IN CAPITAL CHAPTER 18 MAJOR SHAREHOLDERS 18.1. SIGNIFICANT OWNERSHIP INTERESTS IN THE COMPANY’S CAPITAL 18.2. VOTING RIGHTS OF THE MAJOR SHAREHOLDERS 18.3. STATEMENT REGARDING WHETHER THE ISSUER IS UNDER CONTROL 18.4. EXISTENCE OF CONTROL AGREEMENTS CHAPTER 19: RELATED-PARTY TRANSACTIONS CHAPTER 20: FINANCIAL INFORMATION RELATED TO THE ISSUER’S ASSETS AND LIABILITIES, FINANCIAL POSITION AND LOSSES AND PROFITS 20.1. HISTORICAL FINANCIAL INFORMATION 20.1.1. Basis of presentation and Accounting Principles 20.1.2. Accounting policies used and explanatory notes 20.2. PRO-FORMA FINANCIAL INFORMATION 20.3. FINANCIAL STATEMENTS 20.3.1. Consolidated Balance Sheet 20.3.2. Consolidated income statements 20.3.3. Consolidated statement of changes in shareholders’ equity 20.3.4. Cash flow statements 20.4. AUDIT OF HISTORICAL ANNUAL FINANCIAL INFORMATION 20.4.1. Audit opinion on the financial information 20.4.2. Other audited information 20.4.3. Unaudited financial data 20.5. AGE OF THE MOST RECENT FINANCIAL INFORMATION 20.6. INTERIM INFORMATION AND OTHER FINANCIAL INFORMATION 20.6.1. Financial Statements as of September 30, 2008 20.6.1.1. Results as of September 30, 2008 20.6.1.2. Main items in Grupo Santander’s balance sheet 20.6.1.3. Efficiency ratio 20.6.1.4. Non-performing loans Table of Contents - iv 20.6.1.5. Computable Capital - Shareholders’ Equity 20.6.1.6. Shares and dividends 20.7. DIVIDEND POLICY 20.7.1. Dividends per share 20.8. LEGAL PROCEEDINGS AND ARBITRATION 20.9. SIGNIFICANT CHANGES IN THE BUSINESS OR FINANCIAL POSITION OF THE ISSUER CHAPTER 21: ADDITIONAL INFORMATION 21.1. SHARE CAPITAL 21.1.1. Issued capital 21.1.1.1. Par value 21.1.1.2. Classes and series of shares 21.1.2. Shares not representing capital 21.1.3. Number, book value and par amount of shares held by the issuer or its affiliates 21.1.4. Convertible and/or exchangeable debentures 21.1.5. Rights and obligations with respect to authorized and un-issued capital or regarding decisions about capital increases 21.1.6. Information regarding the share capital of any Group member subject to an option 21.1.7. Share capital history 21.2. BYLAWS AND NOTARIAL INSTRUMENT OF INCORPORATION 21.2.1. Purposes and aims of the Bank 21.2.2. Description of bylaw provisions relating to the members of the management decision-making body 21.2.3. Description of the rights, preferences and restrictions relating to each class of shares 21.2.4. Description of the procedure for changes to the rights of shareholders 21.2.5. Description of the procedure to call general shareholders’ meetings 21.2.6. Description of bylaw provisions regarding control of the Bank 21.2.7. Description of bylaw provisions regarding the ownership threshold 21.2.8. Requirements established for changes in capital CHAPTER 22: SIGNIFICANT CONTRACTS CHAPTER 23: THIRD-PARTY INFORMATION, EXPERTS’ STATEMENTS, AND STATEMENTS OF INTEREST 23.1. DATA RELATING TO THE INDEPENDENT EXPERT’S REPORT 23.2. THIRD-PARTY INFORMATION CHAPTER 24: DOCUMENTS SUBMITTED CHAPTER 25: SHAREHOLDING INFORMATION Table of Contents - v RISK FACTORS Risks relating to the Group’s operations Since the Group’s loan portfolio is concentrated in Continental Europe, the United Kingdom and Latin America, any adverse changes affecting Continental Europe, the United Kingdom, or certain Latin American economies could adversely affect the Group’s financial condition. The Group’s loan portfolio is mainly concentrated in Continental Europe (in particular, Spain), the United Kingdom, and Latin America.
Load more

Recommended publications
  • 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]
  • Documentos De Trabajo Issn 2174-4912 The
    DOCUMENTOS DE TRABAJO ISSN 2174-4912 THE ROOTS OF SPANISH BANKING INTERNATIONALISATION: BBVA AND SANTANDER Joaquím Cuevas, Pablo Martín-Aceña y María Ángeles Pons DT-AEHE Nº1809 www.aehe.net November 2018 This paper is protected by a Creative Commons licence: Attribution- NonCommercial- NonDerivativeWork. The details of the licence can be consulted here: http://creativecommons.org/licenses/by‐nc‐nd/3.0/deed.en DOCUMENTOS DE TRABAJO ISSN 2174-4912 . LOS ORÍGENES DE LA INTERNACIONALIZACIÓN DE LA BANCA ESPAÑOLA: BBVA Y SANTANDER Joaquím Cuevas‡, Pablo Martín-Aceña§ y María Ángeles Pons** DT- 1809, November 2018 JEL: F23, G21, M16, N20 RESUMEN Desde la década de los noventa, los bancos BBVA y Santander han experimentado una profunda transformación y han pasado de ser dos de los grandes bancos españoles a ser dos de los grandes bancos mundiales. Aunque el proceso de internacionalización de ambas entidades se intensificó en los años noventa, algunos de los bancos que con posterioridad formaron el BBVA y el Banco Santander tuvieron una historia previa de internacionalización. Este trabajo tiene dos objetivos. En primer lugar, explorar por qué los bancos españoles se internacionalizaron y por qué se expandieron fundamentalmente en América Latina. En segundo lugar, examinar cómo los bancos españoles se internacionalizaron y cuáles fueron las diferentes estrategias adoptadas. Para ello, el trabajo analiza los orígenes de la expansión internacional y explica los cambios que motivaron la fuerte expansión a partir de los años noventa. Palabras clave: España, historia financiera, bancos, globalización, entrada al mercado. ABSTRACT Since the 1990s, BBVA and Banco Santander have undergone a huge transformation; they have gone from being two of the largest Spanish banks to two of the world’s biggest.
    [Show full text]
  • SANTANDER COMMERCIAL PAPER, S.A. UNIPERSONAL €15,000,000,000 EURO-COMMERCIAL PAPER PROGRAMME Guaranteed by BANCO SANTANDER, S.A
    Information Memorandum dated 20 April 2015 SANTANDER COMMERCIAL PAPER, S.A. UNIPERSONAL €15,000,000,000 EURO-COMMERCIAL PAPER PROGRAMME guaranteed by BANCO SANTANDER, S.A. Application has been made to the Irish Stock Exchange Limited (the "Irish Stock Exchange") for Euro- commercial paper notes (the "Notes") issued during the twelve months after the date of this document under the €15,000,000,000 Euro-commercial paper programme (the "Programme") of Santander Commercial Paper, S.A. Unipersonal guaranteed by Banco Santander, S.A. described in this document to be admitted to the official list of the Irish Stock Exchange (the "Official List") and trading on its regulated market. There are certain risks related to any issue of Notes under the Programme, which investors should ensure they fully understand (see "Risk Factors" on pages 1 - 24 of this Information Memorandum). Potential purchasers should note the statements on pages 98 - 103 regarding the tax treatment in Spain of income obtained in respect of the Notes and the disclosure requirements imposed by Law 10/2014, of 26 June on regulation, supervision and solvency of credit entities ("Law 10/2014") on the Issuer and the Guarantor relating to the Notes. In particular, payments on the Notes may be subject to Spanish withholding tax if certain information is not received by the Issuer and the Guarantor in a timely manner. Arranger Morgan Stanley Dealers Barclays BofA Merrill Lynch Citigroup Commerzbank Crédit Agricole CIB Credit Suisse Goldman Sachs International ING Morgan Stanley Rabobank Santander Global Banking & Markets Société Générale The Royal Bank of Scotland UBS Investment Bank IMPORTANT NOTICE This Information Memorandum (together with any supplementary information memorandum and any documents incorporated by reference, the "Information Memorandum") contains summary information provided by Santander Commercial Paper, S.A.
    [Show full text]
  • Contribute to the Progress of People and Businesses
    Annual Report 2017 FINANCIAL / SUSTAINABILITY #contribute to the progress of people and businesses Annual Report 2017 FINANCIAL / SUSTAINABILITY Annual Report 2017 1 2 3 04 Santander Chile today 26 Corporate governance 58 Risk management 06 Awards 2017 36 Business environment 66 Compliance 10 Letter from the 42 Strategic plan and value 72 Financial results Chairman of the Board creation 14 Letter from the CEO and 44 Business model Country Head 47 Business areas 20 Board of Directors 50 Technology and innovation 24 Administration 52 Sustainability at Santander Chile This annual report is also available online at www.santander.cl 4 5 6 92 Our team 134 Banco Santander 140 Glossary 102 Client at the center around the world 142 General information 114 Value creation for 136 Value creation at 148 About this annual report Santander Group shareholders 149 GRI indicators 138 Santander Group’s 120 Sustainable 156 Financial statements vision management of the supply chain 122 Our commitment to society 131 Environmental management Santander Chile Today 11% 19.2% 11,068 core capital ratio ROE employees 58,198 3.5 926 million US$ million in ATMs assets clients Banco Santander has Environmental sustainability 4 maintained a leading 2015 2016 2017 position adjusting its Paper consumption (tons.) 2,191 2,124 1,662 strategy to a changing Energy consumption (KwH) 33,404,726 30,865,037 29,604,845 and demanding Water consumption (m3) 210,439 154,068 107,074 environment. Total CO2 emissions 18.477 19.044 18.557 The commercial Land travel (mills. kms.) 3.3 2.5 2.5 transformation started Air travel (mills.
    [Show full text]
  • Santander Bankat-A-Glance
    Santander Bank at-a-glance A full-service provider of competitive, client-focused financial products and services. Commercial Banking Asset Based Lending & Restructuring Finance Government Banking International Banking Middle Market Banking Mid-Corporate & Verticals Banking Treasury Management Solutions A leading U.S. bank helping people Consumer and Business Banking and businesses prosper. Auto, Personal & Business Loans Certificates of Deposit Santander Bank, N.A. is one of the country’s largest retail and commercial banks with $89.5 billion in assets. With a commercial presence across the country Checking, Savings & Money Market Accounts and retail branches in eight states across the economically vibrant northeast corridor, Credit Card Boston-based Santander Bank is strong, well-capitalized, and one of the six Lines of Credit businesses comprising Santander US, the Santander Group’s operating business Individual Retirement Accounts in the United States. Insurance* Investments* Merchant & Payroll Services > 575 branches > 2,000 ATMs Mortgages & Home Equity Lines Includes 1,000 in CVS Pharmacy® locations. Online & Mobile Banking Treasury Management Solutions 9,100 employees > 2.1 million customers Corporate and Investment Banking Acquisition Finance Santander aims to be the bank of choice in each of the markets we serve by providing Corporate Loans & Lines competitive products, services, and advice that help people and businesses prosper Debt & Equity Capital Markets through meaningful progress toward their financial goals. From simple
    [Show full text]
  • Santander Credit Card Application Time
    Santander Credit Card Application Time Patsy often silence territorially when curvaceous Jeremy ambuscade almighty and allegorise her Carnap. Wasp-waisted and ravishing Nico gives: which Joshua is appeasing enough? If reusable or dialogic Derk usually rev his bin furbishes semblably or etymologising preparatively and burglariously, how syllogistic is Shaughn? The amount of income you have can decide whether or not you are approved, and if you are, it can decide what your credit limit will be. File size is too large. Can I access Priceless Cities? Santander Zero credit card. What do I need to do? And with the steps listed here, you can be on your way to a better credit score in less time than you think. Your credit limit will be determined by the amount of cash you put in a deposit account to guarantee the credit line. Many lenders have origination fees, which are a percentage of the loan charged at the time of disbursement and deducted from the overall loan proceeds. Use a qualifying Santander card while you travel and you will be charged at the Visa or Mastercard exchange rate on your transactions with nothing extra to pay. Second Stimulus Check Calculator: How Much Will You Receive? Using your secured credit card will build a credit history with the three major credit bureaus. Checkmyfile gives you the most comprehensive Credit Report data by far to enable you to see what Santander sees. How would I link this credit card to my sparkasse account so that it automatically debits the outstanding amount at the end of the month so I dont pay any interest? You do not pay any extra and the deal you get is not affected.
    [Show full text]
  • Helping Our Communities Prosper
    Helping Our Communities Prosper Santander US 2019 Corporate Social Responsibility Report At Santander, Corporate Social Responsibility means helping our communities, colleagues, and customers prosper through inclusive and sustainable growth. Santander prospers when our communities prosper. We work every day on making our communities stronger through charitable giving, community engagement, and business products and services. Contents Santander US 2019 Community Impact 3 Message from the CEO and CSR Director 4-5 Santander in the US and Abroad 6-7 A Commitment to Build a More Responsible Bank 8-9 Charitable Contributions 10-15 Community Partnerships 16-19 Inclusive Products and Services 20-21 Helping Small Business and Entrepreneurs Prosper 22 Advancing Homeownership 23 Contact 24 2 Corporate Social Responsibility Report 2019 Santander US 2019 Community Impact 184,395 48,129 580+ $15.8M $328M People Helped Volunteer Hours Partner Organizations Charitable Giving Invested in Supported Affordable Housing $1.2B 1,863 $407M 511 Mortgage Lending Affordable Small Business Santander Universities in LMI Tracts Mortgages Lending in LMI Tracts College Scholarships Helping Communities Prosper 2019 Community Impact 3 Corporate Social Responsibility Report 2019 Message from the CEO Stepping Up For Our Communities During Times of Need Santander closed 2019 hopeful and excited for the year ahead, with plans to continue to make meaningful impact in the communities we serve through our commitment to volunteerism, charitable giving and our businesses. As the COVID-19 pandemic emerged this past spring, we remained committed to our customers and colleagues, while focused on helping address the unique challenges and new areas of need that the pandemic brought to our communities.
    [Show full text]
  • Digital Banking Agreement
    Digital Banking Agreement Formerly known as the “ONLINE BANKING AGREEMENT” August 2021 Digital Banking Agreement Table of Contents I GENERAL DESCRIPTION OF AGREEMENT A. WHAT THIS AGREEMENT COVERS . 4 B. ACCEPTING THE AGREEMENT . 4 C. DEFINITIONS . 4 D. RELATION TO OTHER AGREEMENTS . 5 E. LIMITATION OF SERVICE . 5 F. SERVICE FEES . 5 II DIGITAL BANKING SERVICES A. GETTING STARTED . 6 B. USING DIGITAL BANKING . 6 C. USING YOUR PASSWORD . 8 D. ACCOUNT ACCESS FOR LINKED ACCOUNTS . 8 E. SECURITY, LIMITATIONS, AND DOLLAR AMOUNTS FOR TRANSFERS . 9 F. SANTANDER ALERTS . 11 G. RECORD OF TRANSACTIONS . 12 H. STOP PAYMENT FEATURE . 12 I. GETTING STARTED WITH BILLPAY . 13 J. USING BILLPAY . 13 K. SCHEDULING A BILLPAY PAYMENT . 13 L. BILLPAY PAYMENT CALENDAR . 14 M. ELECTRONIC BILLS (E-BILLS) THROUGH BILLPAY . 14 N. BILLPAY PAYMENT METHODS . 15 O. ONLINE AND MOBILE BANKING GUARANTEE (For Consumer Accounts Only) . 16 P. ONLINE AND MOBILE BANKING LIMITATIONS . 16 Q. CANCELING PAYMENTS MADE THROUGH BILLPAY . 17 R. SANTANDER INVESTMENT SERVICES ACCOUNTS AND BALANCES IN DIGITAL BANKING . 17 III OTHER TERMS AND CONDITIONS A. SERVICE HOURS AND AVAILABILITY . 17 B. CANCELING YOUR ONLINE AND MOBILE BANKING SERVICES . 18 C. CLOSING PAYMENT ACCOUNTS . 18 D. BILLPAY ACCOUNT ACCURACY . 18 E. CHANGES TO AGREEMENT . 18 F. COMMUNICATIONS . 18 G. COMMUNICATING WITH YOU . 19 H. TRANSFERS FROM MONEY MARKET OR SAVINGS ACCOUNTS . 19 I. CONTACT BY SANTANDER OR AFFILIATED PARTIES . 19 J. DISCLOSURE OF ACCOUNT INFORMATION . 19 K. ACCOUNT STATEMENTS . 19 L. PRIVACY POLICY . 20 M. INDEMNITY . 20 N. GOVERNING LAW . 20 O. ADDING OR CHANGING ACCOUNT TO PAY SANTANDER CREDIT CARD .
    [Show full text]
  • DENIED an Assessment of Racial and Economic Disparities in Santander Bank’S Mortgage Lending
    DENIED An Assessment of Racial and Economic Disparities in Santander Bank’s Mortgage Lending February 2017 EXECUTIVE SUMMARY In the United States, banks are barred from discriminatory practices like ‘redlining,’ in which they refuse loans to residents of low-income and communities of color,i and from discrimination when lending to any protected class. However, as evidenced by recent Housing and Urban Development and Justice Department settlements with Associated Bank and Hudson City Savings Bank, big banks continue to redline communities and use discriminatory lending practices, despite the statutes and regulations that were enacted to reduce or eliminate those practices.ii Santander Bank – one of the world’s largest banksiii – has invested billions of dollars in the past eight years in building a massive U.S. fleet. In the Northeast, including Pennsylvania, Massachusetts and Connecticut, Santander has opened over 670 stores and serves an estimated 2 million U.S. customers.iv As part of this expansion, its U.S. mortgage lending operations have brought in over $560 million in the last five years, and Santander’s fee income increased to $1.2 billion last year.v Yet, analysis of the bank’s Home Mortgage Lending Act data reported each year to federal regulators reveals a disturbing pattern of racial and economic discrimination in Santander’s home mortgage lending. In 2014, the City of Providence accused the bank of redlining and Santander was recently referred for investigation to the Justice Department for alleged auto loan markups to borrowers of color.vi This assessment finds that Santander’s discriminatory practices are far more pervasive than previously understood.
    [Show full text]
  • Banco Santander, SA Resolution Plan for US Operations Public Section
    Banco Santander, S.A. Resolution Plan for U.S. Operations Public Section December 16, 2015 [THIS PAGE INTENTIONALLY LEFT BLANK] Table of Contents Table of Contents: Public Section Definition of Terms 2 Executive Summary 3 1.1 Material Entities 7 1.2 Core Business Lines 9 1.3 Summary Financial Information 13 1.4 Derivative and Hedging Activities 20 1.5 Memberships in Material Payment, Clearing, and Settlement Systems 21 1.6 Descriptions of Foreign Operations 22 1.7 Material Supervisory Authorities 23 1.8 Principal Officers 24 1.9 Resolution Planning Corporate Governance 26 1.10 Description of Material Management Information Systems 28 1.11 High-Level Description of Resolution Strategy 29 Resolution Plan 1 Public Section Public Section Definition of Terms The following are definitions for common terms used throughout the document. Term Definition "Santander Group" Includes all Santander operations globally. Banco Santander, S.A. - a Madrid-based Spanish Bank; it is the parent company to "Santander" SHUSA and the Factories, as well as other U.S. legal entities; it is the "Covered Company" responsible for submitting the Resolution Plan. "Santander U.S." Santander Group’s U.S. Operations; includes all Santander operations in the U.S. Santander Holdings USA, Inc. - a bank holding company subsidiary of Santander; it is the "SHUSA" parent company of SBNA and has a majority ownership interest in SCUSA. "SBNA" Santander Bank, N.A. - the U.S.-based IDI that is a subsidiary of SHUSA. Santander Consumer USA Holdings Inc., together with Santander Consumer USA Inc. "SCUSA" and its subsidiaries. SCUSA is publicly traded and 60.5% owned by SHUSA.
    [Show full text]
  • “Inclusive Communities” Plan
    Press Release SANTANDER ANNOUNCES “INCLUSIVE COMMUNITIES” PLAN – A NEW $11 BILLION, FIVE-YEAR COMMUNITY COMMITMENT Plan Increases Bank’s CRA Activity by 50 Percent & Triples Charitable Giving Over Next Five Years BOSTON – October 30, 2017 – Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, Santander Bank’s new $11 billion, five-year commitment to lending, community development and charitable giving. The plan outlines Santander’s commitment to communities across its eight-state northeastern U.S. footprint for 2017 through 2021, during which time Santander plans to increase its CRA activity by 50 percent and triple its investment in charitable grants. Over the next five years, Santander has set of goal of: $9.1 billion in lending to underserved communities including, o $4.2 billion in residential mortgage loans for low- to-moderate income families o $1.9 billion in small business lending o $3 billion in community development lending $1.9 billion in community development investments $55 million in charitable contributions 10 new retail branches in low- to moderate income and communities of color 60,000 community development volunteer hours in underserved communities “This plan is the foundation of Santander’s approach to supporting the communities where we live and work,” said Powell, CEO of Santander US, the Bank’s U.S. holding company. “We recognize that Santander’s success is directly linked to the prosperity of our communities’ families, businesses and neighborhoods. By increasing lending, investments and financial education opportunities, we hope to boost the long-term economic success of low- and moderate-income individuals and neighborhoods.” Powell announced “Inclusive Communities” at a meeting this morning in downtown Boston where he was joined by public officials and National Community Reinvestment Coalition (NCRC) President and CEO John Taylor.
    [Show full text]
  • USCP Programme 2017
    LISTING PROSPECTUS DATED FEBRUARY 23, 2017 U.S.$15,000,000,000 U.S. COMMERCIAL PAPER PROGRAM issued by BANCO SANTANDER, S.A. or issued by SANTANDER COMMERCIAL PAPER, S.A. UNIPERSONAL and guaranteed by BANCO SANTANDER, S.A. THIS LISTING PROSPECTUS IS NOT AN OFFERING DOCUMENT. IT HAS BEEN PREPARED FOR LISTING PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE NOTES. Application has been made to the Irish Stock Exchange plc (the “Irish Stock Exchange”) for U.S. commercial paper notes (the Notes, as further defined below) issued during the twelve months after the date of this document under the U.S.$15,000,000,000 U.S. commercial paper program (the “Program”) of Banco Santander, S.A. (“Santander”, “Banco Santander”, the “Bank”, the “Parent” or, where applicable, the “Guarantor”) and Santander Commercial Paper, S.A. Unipersonal (“Santander CP”) described in this document to be admitted to the official list of the Irish Stock Exchange (the “Official List”) and to trading on its regulated market. There are certain risks related to any issue of Notes under the Program, which investors should ensure they fully understand (see “Risk Factors” on pages [8] – [57] of this Listing Prospectus). Potential purchasers should note the statements in “Taxation” starting on page [192] of this Listing Prospectus regarding the tax treatment in Spain of income obtained in respect of the Notes and the disclosure requirements imposed by Law 10/2014, of June 26, on organization, supervision and solvency of credit institutions (“Law 10/2014”), on Banco Santander and Santander CP relating to the Notes.
    [Show full text]