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SAN share (Madrid) 5.624 | 0.0% | 18:01

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2005-2010

Records profits for the spanish company: In 2006 el Santander made record profits of  €7,596 million, the biggest of any Spanish company, spurring heavy investment in retail banking and quality of service. “We want to be your bank” (Queremos ser tu banco) in Spain and other enterprising action in Portugal, at Abbey and in America are examples of this drive.
   
Acquisition of Banco Real in Brazil: In 2007, Santander celebrated its 150th anniversary as the twelfth largest bank in the world by stock market capitalisation, seventh by profits and the bank with the largest retail distribution network in the western world: 10,852 branches. Santander formed a consortium with the Royal Bank of Scotland and Fortis to launch a take-over bid for ABN Amro, through which the bank acquired Banco Real in Brazil, doubling its presence in the country.
   
Incorporation to the Group of Alliance & Leicester and Bradford & Bingley in the United Kingdom: In 2008, Santander continued to grow, making important acquisitions in a strategic market for the bank, the UK. Through the incorporation of Alliance & Leicester and Bradford & Bingley, Santander expanded its high street network to 1,300 branches in the country and became the third largest bank in the UK by deposits. With profits of €8,876 million, Santander became the third largest bank in the world by profits.