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SAN share (Madrid) Negativo_GB 3.5715 | -3.49% | 18:00

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1930-1950

Emilio Botín Sanz de Sautuola y López drives major expansion: In 1934 Emilio Botín Sanz de Sautuola y López was appointed managing director of the bank, and in 1950 he took on the chairmanship and began a large-scale expansion throughout Spain which was to continue in the 60s with the acquisition of a large number of local banks.

Arrival in Madrid in 1942: In 1942, it bought a small bank, the Banco de Ávila, which allowed it to gain a foothold in Madrid, which was by then the financial capital of the country.

Purchase of Banco Mercantil: In 1946 Banco Santander bought out its old rival in Santander, Banco Mercantil.

First offices in The Americas and London: In 1947, it opened its first regional office in the Americas, in Havana (Cuba), which was followed by others in Argentina, Mexico and Venezuela, as well as an office in London. In 1956 the bank’s Latin American Department was set up.

After a century os existence, Santander was Spain´s seventh largest financial institution: By 1957, when it celebrated its one hundredth anniversary, Banco de Santander had become the seventh-ranked financial institution in Spain.