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Santander Seguros is the bank's insurance arm, and Santander Sociedad de Bolsa, a brokerage house, its sole subsidiary. The bank also has a majority stake in Visa Argentina, Gire (a wire transfer service), Banelco ( ATM ), and Interbanking (an offshore banking unit), among others.
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.
Grupo Financiero Galicia S.A. is a financial services holding company based in Buenos Aires, [3] and its banking operations are the fifth largest in Argentina, as well as the largest among all domestically-owned private banks in the country.
Santander created Openbank in 1995, and launched its website in 1996. In 2000, after buying the Argentine portal Patagon.com for $540 million, Openbank changed its name to Patagon Internet Bank S.A., [3] a financial portal [clarification needed] that combined traditional banking with digital features such as chatrooms and internet forums.
Banking penetration remains low and banking costs high. The Argentine banking sector is currently dominated by state-owned banks, with the largest being the Banco de la Nación Argentina. In 2005, for the first time since the 2001 collapse, the banking system made a profit, according to a Central Bank report released in February 2006. The total ...
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Banco do Estado de Pernambuco (Bandepe); acquired by Banco Real, now Santander Brasil; Banco do Estado do Piauí (BEP); acquired by Banco do Brasil; Banco do Estado do Rio de Janeiro (Banerj); acquired by Banco Itaú; Banco do Estado de Santa Catarina (BESC); acquired by Banco do Brasil; Banco do Estado de São Paulo ; acquired by Santander Brasil