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SAN share (Madrid) Negativo_GB 4.232 | -1.1% | 17:27

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12/07/2018

Santander named Best Bank in Western Europe and Spain by Euromoney

  • Euromoney recognized that Santander has surpassed any other Eurozone listed bank in terms of returns and value, a testament to the strength of its business model.
  • Santander also named best bank in Chile and best bank in Uruguay.


Madrid, 12 July 2018 - Euromoney has named Santander Best Bank in Western Europe, Spain, Chile and Uruguay. In assessing the awards, Euromoney highlighted the importance of the Group’s international diversification. Editor Clive Horwood said: “[Santander] is already one of the few big banks to prove that internationally diversified retail banks can be more profitable, and more stable, than domestic-focused peers. Now it is in its rightful place, not just Spain’s biggest bank, but also the one with the biggest domestic share, too.”

The judging panel also recognized that the year was marked by advances in digital technology at Santander and that the Popular acquisition “gives a big leg-up to Santander’s global strategy for growth in SMEs.”

Santander Group CEO José Antonio Álvarez said, “Our goal is to help the people and businesses we serve to prosper, and I am proud of the work our people do every day to support that goal and earn the loyalty of our customers. Over the past 12 months we have continued to make great progress across the group in improving the products and services we offer and we thank Euromoney for recognizing our efforts with these awards.”

Regarding the Spain award, country head Rami Aboukhair said, “This award is recognition of the work and dedication of the entire Santander Spain team. The commercial and digital transformation we have undertaken aims to enhance customer experience and forge strong relationships based on trust. This is key to sustainable growth and profitability for the Bank. We are a reference for businesses in Spain and contribute to the country’s economic expansion not only because of the financing we provide, but because of our support for the internationalization of Spanish companies.”

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