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Banco Santander was founded in 1857 as Banco de Santander. [8] In 1999, it merged with Banco Central Hispano, or BCH, which had in turn been formed through the 1991 merger of Banco Central and Banco Hispanoamericano.
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]
In 1976 it acquired First National Bank of Puerto Rico, and in 1982 Banco Español-Chile. In 1986, Emilio's oldest son, Emilio Botin-Sanz de Sautuola y García de los Ríos, succeeded him. In the late 1980s he acquired CC-Bank in Germany and a stake was in Banco de Comercio e Industria in Portugal. In 1989, the "Supercuenta Santander" was launched.
Banco Santander; BBVA; Caixabank; Banco Sabadell; There were formerly a "big six" (los seis grandes) composed of three banks that are now part of BBVA (Banco de Bilbao, Banco de Vizcaya, and state-owned Banco Argentaria) and three now combined as Santander (Banco Central, Banco Hispanoamericano, and Banco de Santander).
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Banco Santander (México) S.A. was founded on November 16, 1932, under the name Banco Mexicano. In 1955 Sociedad Mexicana de Crédito Industrial (Banco Somex) purchased a controlling interests of the bank. In 1958 Banco Mexicano merged with Banco Español. In 1979 the bank changed its name to Banco Mexicano Somex. In 1982 banks were nationalized.
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It is a subsidiary of the Santander Group. Its main competitors are Banco de Chile , Itaú Corpbanca and BCI . It provides commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance commercial transactions, trade, foreign currency forward contracts and credit lines, and ...