About the Group

Business Areas

Santander has consolidated as one of its main strengths a powerful presence in the countries where it operates. We are also an integrated bank which manages its businesses globally and has common corporate policies to exploit synergies and competitive advantages internationally.

In accordance with the International Financial Reporting Standards (IRFS), the Group's business areas are structured into two levels: principal (or geographic) and secondary (or by type of business).

Principal level

The principal or geographic level is divided into three large areas:

Continental Europe. This covers all retail banking businesses, asset management and insurance and wholesale banking in Europe except for Abbey. The main units are:

- Santander Network in Spain
- Banesto
- Santander Consumer Finance
- Santander Totta
- Banif
United Kingdom: Including Abbey and largely retail banking.
Latin America. All the Group's activities conducted via its affiliated banks and subsidiaries, mainly:

- Brazil
- Mexico
- Chile
- Argentina
- Puerto Rico
- Venezuela
- Colombia

Secondary level

The secondary level, or by type of business, covers three areas and their total activity is equal to that of the three geographic areas:

Retail Banking
Asset Management and Insurance
Global Wholesale Banking

The Group continues to maintain the area of Financial Management and Equity Stakes.

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