What was santander old name

In , our Latin America Department was created. In , we established Banco Santander de Negocios in Spain to carry out investment banking and wholesale market activities. At the end of the s, we strengthened our presence in Europe by acquiring CC-Bank, which had more than three decades of experience in the German vehicle financing market, from Bank of America.

The next year, we embarked on a second period of intense expansion in Latin America, enabling us to develop our business in Argentina, Brazil, Colombia, Mexico, Peru and Venezuela and at the same give new impetus to existing ventures in Chile, Puerto Rico and Uruguay. In January , along with BCH, we took part in the first large bank merger in Europe since the adoption of the euro.

In April we moved our central services from Madrid to our new corporate headquarters at Santander Group City, which now has a workforce of more than 6, In we reached an agreement to take a In as we celebrated our th anniversary, we were the twelfth largest bank in the world by market capitalisation and the seventh by profit and we boasted the largest retail network in the Western world: 10, branches.

In we continued to grow through important acquisitions in the strategic United Kingdom market. In we entered the retail and commercial banking business in the United States with the acquisition of Sovereign. In , after Mr. The purpose of the increase was to strengthen capital and take advantage of opportunities for organic growth, increasing lending and market share in our key markets while comfortably meeting each of the new international regulatory requirements.

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Some brands from the separate banks will be retained. Santander, which was founded in , has 90 million customers and more than 14, branches around the world. This article is more than 12 years old. Photograph: Reuters.