9M'22 Highlights

403

branches

8,452

employees

4.4 mn

total customers

2.8 mn

digital customers

€ 234 mn

underlying attributable profit

37.0 %

RoTE *

403

branches

8,452

employees

4.4 mn

total customers

2.8 mn

digital customers

€ 234 mn

underlying attributable profit

37.0 %

RoTE *

(*) Adjusted RoTE: adjusted based on deployed Group’s Capital calculated as contribution of RWAS at 12%. Using tangible equity, RoTE is 21.8% 

About us

Santander is the main privately-owned bank of the Argentinian financial system in terms of loan and deposit volumes. It has traditional branches, social integration branches, digital branches and Work Cafés. It has a wide presence in the country, enabling it to serve more than 4 million customers.

Santander is also one of the leading banks in payment methods, foreign trade, transactional services and cash management, and one of the main players in the stock, public securities and exchange markets.

It is developing an extensive responsible banking programme that focuses on higher education, with 86 collaboration agreements in place with public and private Argentinian universities.

Our history

As of 1947, Santander Group began to open its first representative offices in the Americas, including Argentina. In 1960 it acquired Banco del Hogar Argentino, the first subsidiary in Latin America. Although it was not until 1997 when Santander signed the purchase of Banco Río de la Plata, thus becoming one of the main financial entities in the country. In recent years, it has been consolidating its position and relevance in the country, with the acquisition of Citi's retail portfolio in 2017, the optimisation of the commercial network and the digital transformation.

Strategic priorities

  • Increase our customer base and loyalty, and ensuring the best customer service through our multi-channel strategy

  • Further develop new businesses

  • Continue our process of efficiency and simplification through digital transformation

  • Boost profitable growth, optimizing the use of capital and preserving the quality of the portfolio

  • Be agile and collaborative, with challenging goals and clear priorities

 

Alejandro Butti

CEO of Banco Santander in Argentina

No results found

Non-IFRS and alternative performance measures 

In addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, the information above contains certain financial measures that may constitute alternative performance measures (“APMs”) as defined in the Guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415en) and other non-IFRS measures (“Non-IFRS Measures”). Such APMs and non-IFRS measures have been calculated using the financial information from Santander Group but are not defined or detailed in the applicable financial reporting framework and have neither been audited nor reviewed by our auditors. While we believe that these APMs and non-IFRS measures are useful in evaluating our business, this information should be considered as supplemental in nature and is not meant as a substitute of IFRS measures. In addition, other companies, including companies in our industry, may calculate or use such measures differently, which reduces their usefulness as comparative measures.  For further details of the APMs and Non-IFRS Measures used by Banco Santander, S.A. (Banco Santander), as the parent company of Santander Group, including its definition or a reconciliation between any applicable management indicators and the financial data presented in the consolidated financial statements prepared under IFRS, please see the Banco Santander´s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission, as well as the section “Alternative performance measures” of the annex to Banco Santander´s most recent quarterly Financial Report. These documents are available on Banco Santander’s website (www.santander.com). 

The businesses included in each of the Santander Group primary segments and the accounting principles under which their results are presented in such documents may differ from the businesses included and accounting principles applied in the financial information separately prepared and disclosed by its subsidiaries (some of which are publicly listed) which in name or geographical description may seem to correspond to the business areas covered in such Santander Group documentation. Accordingly, the results of operations and trends shown for the Santander Group´s business areas may differ materially from those of such subsidiaries.