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05/10/2016

More than 135,000 people take part in Banco Santander's financial education programmes

  • 324 volunteers from the Bank collaborated with workshops in Spain to improve the financial skills of over 4,200 people
  • Financial education – at the heart of the Bank's corporate volunteering

Madrid, 5 October 2016.- A total of 136,267 people took part in financial education programmes held by Banco Santander in 9 countries in 2015: Germany, Argentina, Brazil, Chile, Spain, Mexico, Poland, Portugal and United Kingdom. In general, they involve websites and conferences and sessions for different audiences, which intend to convey the importance of saving to children, to prepare young people embarking on an independent life and to assist families when making basic decisions. Financial education is at the heart of the Bank's corporate volunteering.

In line with this, Banco Santander joined in with the 'Financial Education Day' this week. This initiative took place on Monday, promoted for the second consecutive year by the Bank of Spain and CNMV as part of the Financial Education Plan. The objective is to promote the importance of financial planning, saving and access to information as the basis for financial decision-making.

More than 30 entities collaborated with the event, including Finance for Mortals, an initiative promoted by the University of Cantabria Foundation for Study and Research into the Financial Sector (UCEIF) through the international centre Santander Financial Institute (SanFi) and sponsored by Santander.

Finance for Mortals again takes part in National Financial Education Day
Finance for Mortals took part in 2 initiatives: The University Challenge, a game of questions and answers on economy and finance aimed at university students, which has the participation of 25 Spanish universities, who will award the first 3 students to classify a gift voucher for a trip and the winning student's university a cheque for €5000 to be spent on its internal plans. These prizes will be awarded at the end of the challenge in April 2017.

The MOOC (massive online open course) entitled “Banca Digital y Nuevas Tecnologías en las Finanzas” (digital banking and new technologies in finance) will also launch in Miríada X, the platform that aims to promote quality and collaborative social learning for free, promoted by Telefónica Educación Digital and Universia, the largest network of Spanish- and Portuguese-speaking universities, sponsored by Banco Santander. The course intends to heighten awareness regarding new technological trends in the financial sector and also new ways to interact with the user in the 21st century.

Lastly, throughout the entire week, Finance for Mortals and its extensive network of volunteers will hold in-person sessions in collaboration with NGOs and schools in various Spanish cities, such as Madrid, Palencia, Vigo, Palma de Mallorca and Santander… Finance for Mortals works on improving culture through online (website and applications such as Wiki Finance) and in-person activities on a daily basis: it has already held more than 400 sessions with over 8,000 attendees in 2016.

In 2016, 324 volunteers from Banco Santander in Spain, at workshops with 4,200 participants
Santander supports these and other initiatives by Finance for Mortals and, also in Spain, collaborates with other organisations such as Junior Achievement and the Spanish Banking Association (AEB) on projects such as “Tus finanzas, tu futuro” (your finance, your future) for improving the financial culture of secondary school students, amongst others.

Financial education is one of the main priorities for Banco Santander's corporate volunteers and, in Spain, a total of 324 volunteers helped to improve the financial knowledge of more than 4,200 people in the first half of 2016.

Banco Santander, as part of its mission to help people, businesses and society in general prosper, is firmly committed to the communities where it operates. In 2015, it invested €207 million into the community, of which €160 million went into higher education (1,200 agreements with academic institutions) and €47 million into community support programmes, helping 1.2 million people. The Bank was recently included on the latest DJSI index, on which it has been included for all editions since 2000. It is also on the FTSE4Good index. Both indexes recognise its socially responsible investing. Find out more here.

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