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SAN share (Madrid) 3.821 | 0.0% | 18:01

Banco Santander was today recognised as the most sustainable bank in the world following the publication of the Dow Jones Sustainability Index (DJSI) for 2019. The index, which is the international benchmark for corporate sustainability, placed Santander as the leading bank globally for the first time, and leading bank in Europe for the second year running following an assessment of the bank’s economic, environmental and social impact.

Banco Santander today announced that it has issued the first end-to-end blockchain bond. The bank issued the bond directly onto the blockchain and the bond will also continue to exist only on the blockchain: a first step towards a potential secondary market for mainstream security tokens in the future.Banco Santander is itself the issuer of the $20 million bond, while one of the Group’s units purchased the bond at market price. The bond carries a quarterly coupon of 1,98%. Santander Securities Services is acting as tokenization agent and custodian of the cryptographic keys. Santander Corporate and Investment Banking (CIB), the bank’s global division that supports corporate and institutional clients, acted as dealer for the issuance, continuing the work which started in Santander’s blockchain lab in 2016.

Fortune magazine has included Santander Brazil in its 2019 list of companies that are changing the world (2019 Change the World ranking), which involves 52 companies in 18 countries. These companies have had a positive impact on the community with initiatives that form part of its strategic basis. Santander has been running its Prospera microcredit programme in Brazil since 2002. Last year, it used digital technology to drastically accelerate the approvals process, reducing it from 10 days to 10 seconds. This allowed Prospera, which provides small low-interest loans to businesspeople (a quarter of whom live below the poverty threshold), to increase the number of business owners it supports by more than 50% in 2018 and to be on the right track to increasing it another 90% this year.