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SAN share (Madrid) Positivo_GB 4.23 | 0.19% | 18:01

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1990-2000

Acquisition of Banesto: In 1994, the acquisition of Banco Español de Crédito (Banesto) was a major event in the history of Santander, making it the leading player in the Spanish market.
   
Second wave of growth in The Americas: In 1995, a second stage of busy growth took place in Latin America began, which allowed it to develop its business in Argentina, Brazil, Colombia, Mexico, Peru and Venezuela. At the same time, there was a renewed boost to the businesses already acquired in Chile, Puerto Rico and Uruguay.
   
Santander and BCH, the first major bank merger under the euro: In January 1999, Banco Santander and BCH were the protagonists in the first major banking merger in Europe under the euro. This marked the beginnings of the largest financial institution in Spain and the leader in Latin America. Subsequently the bank bought financial group Totta y Açores and Crédito Predial Português in Portugal.