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SAN share (Madrid) Negativo_GB 5.651 | -1.53% | 16:54

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1856-1930

Major growth at the beginning of the 20th century: Between 1900 and 1919 Banco Santander doubled the size of its balance sheet, enlarged its capital to ten million pesetas, boosted income, recorded a profit of close to half a million pesetas in 1917, and its profitability exceeded that of the average for Spanish finance houses. During this period three major Spanish banks were founded which would eventually merge into the Santander: Banco Hispanoamericano (1900), Español de Crédito (1902) and Central (1919).

Emilio Botín y López, first full-time chairman: In February 1920, Emilio Botín y López was appointed as the Banco de Santander’s first full-time chairman.

Headquarters on paseo Pereda and the first branch network:  The period between 1919 and 1939 was crucial for Santander. In 1923 it moved its head office to the Paseo de Pereda building, founded Banco de Torrelavega and began to build a modest branch network within the province (the first one in El Astillero in 1923) and outside it (Espinosa de los Monteros, Lanestosa and Osorno, in 1924).