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SAN share (Madrid) Positivo_GB 4.29 | 2.23% | 17:35

Setting up of Banco Santander de negocios: In 1985, Banco Santander de Negocios was set up in Spain to develop investment banking and wholesale market activities.
   
Succession to the chairmanship: In 1986, current chairman Emilio Botín Sanz de Sautuola y García de los Ríos, then Vice-chairman and CEO, was chosen to fill the vacancy opened up by his father’s retirement after 36 years at the helm of the bank. His first two years as chairman were spent laying the foundations to meet the challenge represented by the bank’s modernisation and expansion.
   
Acquisitions in Germany and Portugal. Alliance with RBS: In the late 80s, Santander bolstered its presence in Europe by acquiring CC-Bank in Germany, a bank with over three decades of experience in the vehicle finance market, from Bank of America. A stake was also acquired in Banco de Comercio e Industria in Portugal, and a strategic alliance was formed with the Royal Bank of Scotland in 1988.
   
Supercuenta Santander shakes up the banking system, opening the sector up to competition: In 1989, the “Supercuenta Santander” was launched, one of the most innovative financial products in the history of Spanish banking, which did away with the “status quo” and opened up the Spanish financial system to competition.

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