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Pérez Companc sold his remaining 18.5% share in February 2001 to Merrill Lynch, [8] which later sold their stake to Santander. Santander Argentina is a majority-owned subsidiary of the Santander Group through its holding company, ABLASA, with 79% of its equity, and 99.3% of its outstanding shares. [1]
Banco Santander S.A. trading as Santander Group (UK: / ˌ s æ n t ən ˈ d ɛər,-t æ n-/ SAN-tən-DAIR, -tan-, US: / ˌ s ɑː n t ɑː n ˈ d ɛər / SAHN-tahn-DAIR, [2] [3] Spanish: [ˈbaŋko santanˈdeɾ]), is a Spanish multinational financial services company based in Santander, with operative offices in Madrid.
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Banco Santander had previously seen a loss of over $1 billion on its investment in Sovereign, when the latter's share price tumbled after being downgraded by Moody's in September 2008. [16] On 30 January 2009, Banco Santander completed its acquisition of Sovereign Bank, for about $2.51 per share.
Citibank Argentina was established in 1914 as the Buenos Aires branch of the National City Bank of New York, and the first of any United States bank in Argentina. The bank remained a secondary name in Argentine banking; but earned renown for the quality of its services: its Paylink payment processing network made it the first bank in Argentina to earn an ISO 9000 (1997), and in 2002 ...
Aareal Bank, Wiesbaden, Germany; Aargauische Kantonalbank, Aarau, Switzerland; Abacus Federal Savings Bank, New York, United States; AB Bank, Dhaka, Bangladesh; AB ...
In 1997, Horta-Osório moved to Brazil, where he initiated Santander’s retail activities in the country, [7] purchasing two retail banks and merging them into Banco Santander Brasil, [8] of which he became CEO (1997–1999) and chairman (1997–2000). From December 1997, he also became the chairman of Banco Santander Portugal.