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India

Banco Santander SA (SAN.MC)

SAN.MC on Madrid SE C.A.T.S.

5.63EUR
8 Dec 2017
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€5.63
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35,649,195
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€6.25
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€4.75

Latest Key Developments (Source: Significant Developments)

Santander To Sell US Totalbank To BCI For 444 Mln Euros
Friday, 1 Dec 2017 

Dec 1 (Reuters) - BANCO SANTANDER SA ::BANCO POPULAR, UNIT OF SANTANDER, REACHES DEAL TO SELL ENTIRE STAKE IT HOLDS IN ITS UNIT TOTALBANK FOR ABOUT 444 MILLION EUROS ($528 MILLION).BANCO POPULAR SAYS IT IS EXPECTED TO HAVE POSITIVE IMPACT OF 5 BASIS POINTS IN GRUPO SANTANDER'S CET1 (FULLY-LOADED) CAPITAL RATIO.BANCO POPULAR EXPECTS THE OPERATION TO BE CLOSED DURING SECOND SEMESTER OF 2018.SAYS BUYER OF TOTALBANK IS BCI, OPERATION SUBJECT TO REGULATORY APPROVALS.  Full Article

Santander approves adjustments to group goodwill, changes board
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - BANCO SANTANDER SA ::SAID ON TUESDAY THE BOARD APPROVED ADJUSTMENTS TO THE GOODWILL OF THE GROUP AND CHANGES TO THE BOARD'S COMPOSITION.AGREES TO ALLOCATE 600 MILLION EUROS AS A GOODWILL IMPAIRMENT .MAINTAINS ITS GOAL TO INCREASE DIVIDEND PER SHARE IN 2017 AND 2018 AND EARNINGS PER SHARE IN 2017 AND 2018, THE LATTER BY DOUBLE DIGITS.TO APPOINT RAMIRO MATO AS INDEPENDENT DIRECTOR AND MEMBER OF EXECUTIVE COMMITTEE.MATIAS RODRIGUEZ INCIARTE AND ISABEL TOCINO TO LEAVE THE BOARD OF DIRECTORS OF BANCO SANTANDER TO TAKE ON NEW ROLES.  Full Article

Banco Santander starts talks with unions about Popular HQ integration‍​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - BANCO SANTANDER SA ::STARTS NEGOTIATIONS WITH UNIONS ABOUT BANCO POPULAR HEADQUARTER INTEGRATION‍​.NEGOTIATIONS TO DEFINE PLAN TO INTEGRATE HQ AND SUPPORT STAFF OF SANTANDER ESPANA, POPULAR AND GROUP'S CORPORATE CENTER.  Full Article

Santander says Catalan situation bad for business across Spain
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Spain's Santander Jose Antonio Alvarez; :Says that the current political situation in Catalonia is not good for business throughout all of Spain.Says sees significant uncertainty in Mexico due to talk of Nafta (North American Free Trade Agreement) renegotiation.Says expects more competition in mortgage business in Britain.Says expects "some profits" from property deal with Blackstone.Reiterates financial targets for Banco Popular.Says does not expect any further restructuring costs for Banco Popular this year.  Full Article

Banco Santander Q3 net profit down 14 pct at 1.46 bln euros
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - BANCO SANTANDER SA ::Q3 NET PROFIT 1.46 BILLION EUROS.RETURN ON TANGIBLE EQUITY (ROTE) 11.31 PERCENT IN Q3.9-MONTH NET PROFIT 5.08 BILLION EUROS.FULLY-LOADED CORE TIER 1 CAPITAL RATIO 10.80 PERCENT AT END-SEPT.Q3 NET INTEREST INCOME 8.68 BILLION EUROS.9-MONTH NET INTEREST INCOME 25.69 BILLION EUROS.NPLS 4.24 PERCENT AT END-SEPT.SAYS REITERATES TARGET TO DELIVER DOUBLE DIGIT EARNINGS PER SHARE (EPS) GROWTH BY 2018.SAYS IS ADVANCING TOWARD MEETING TARGETS FOR 2017‍​.SAYS CONFIDENT TO MEET ALL COMMERCIAL AND FINANCIAL TARGETS BY 2018.  Full Article

Banco Santander announces scrip dividend of 0.04 euro/right
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - BANCO SANTANDER SA ::SAID ON MONDAY IT RESOLVED TO EXECUTE SHARE CAPITAL INCREASE FOR SCRIP DIVIDEND SCHEME, WHICH SHALL BE APPLIED TO THE SECOND 2017 INTERIM DIVIDEND IN OCT./ NOV..UNDER THE SCHEME THE NUMBER OF BONUS SHARE RIGHTS NEEDED TO RECEIVE A NEW SHARE IS 142.THE GROSS PRICE AT WHICH THE BANK COMMITS TO PURCHASE RIGHTS IS 0.04 EURO PER RIGHT.THE PAYMENT DATE FOR THE SHAREHOLDERS WHO REQUESTED DIVIDEND IN CASH IS NOV. 3.  Full Article

Temenos: digital bank of Santander Group selects Temenos Core Banking​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - TEMENOS GROUP AG :‍OPENBANK, DIGITAL BANK OF SANTANDER GROUP, SELECTS TEMENOS CORE BANKING​.  Full Article

Santander UK ups profitability target to 9-10 pct by 2018
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Spain's Santander ::Says increases Santander UK return on equity (ROTE) target to 9-10 percent by 2018 versus previous target of 8-10 percent set out in its 2016 strategy plan .Says sees 2018 operational costs of 2.0 billion pounds ($2.6 billion) in Santander UK, unchanged from 2016, but down 100 million pounds from 2015..Says expects to end 2018 with a non-performing loan ratio of under 2 percent from 1.2 percent in the first half of 2017.  Full Article

RPT- Santander raises profitability target in Mexico to 20 pct by 2018
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Banco Santander Sa says::Raises return on equity (ROTE) target in Mexico to around 20 percent by 2018 from a target of above 16 percent set out in a previous strategy plan announced in 2015.  Full Article

Santander to focus on integration of U.S. units and cost savings to improve efficiency
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Spain's Santander says::Will focus on integration of U.S. operations and cost savings to improve efficiency.Expects to end 2018 with an adjusted return on equity (ROTE) target of around 4 percent from 3.6 percent in the first half of 2017 and expects to end 2018 with a cost to income ratio of around 45 percent, same level as in the first half of this year .  Full Article

Banco Santander to reduce number of job cuts in Popular integration, union says

MADRID, Dec 5 Banco Santander has reached an agreement with unions to reduce the number of staff affected by planned job cuts relating to the integration of Banco Popular by around 900, a union said on Tuesday.