Banco Santander Central Hispano

From Wikipedia, the free encyclopedia

Banco Santander Central Hispano (BSCH)
Type Public
Founded 1857
Headquarters Santander, Spain
Key people Emilio Botín, President
Industry Banking
Products Financial services
Employees 129.196 (2005)
Website www.gruposantander.com

Banco Santander Central Hispano (BSCH), (IBEX-35:SAN) is the largest bank in Spain and is part of the Santander Group which has large scale operations in the continents of Europe and South America.

As part of the Santander Group, Banco Santander Central Hispano bases its strategy on its own business model, based upon a five pillar system. These are:

  • Customer-focused management
  • Efficiency
  • Credit risk quality
  • Capital discipline
  • "Multilocal" management with a global vision

Within Spain BSCH operates under a range of brand names including:

BSCH was created in 1999 following the merger of Banco Santander (founded in 1857) and Banco Central Hispano (BCH), founded in 1991 following the merger of Banco Central (est. 1919) and Banco Hispanoamericano (est. 1900).

In June 2006, the Banco Santander Central Hispano purchased almost 20% of Sovereign Bank in June for $2.4 billion. As Banco Santander owns 25% of Sovereign, it has the right to buy the bank for $40 per share for one year beginning in the middle of 2008.[1]

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IBEX-35 Companies of Spain

Abertis | Acciona | Acerinox | Actividades de Construcción y Servicios | Aguas de Barcelona | Altadis | Antena 3 | Banco Popular Español | Banco Sabadell | Banesto | Bankinter | BBVA | BSCH | Cintra | Enagás | Endesa | Fadesa | FCC | Ferrovial | Gamesa | Gas Natural | Iberdrola | Iberia Airlines | Inditex | Indra | Mapfre | Metrovacesa | NH Hoteles | Red Eléctrica | Repsol YPF | Sacyr Vallehermoso | Sogecable | Telecinco | Telefónica | Unión Fenosa |
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