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EUR 1 million in funds and benefits for the 20 new entrepreneurships to contribute the best solution to the problems that we, as a community, are facing in the new paradigm post covid-19.
Mr Simões will join the bank from HSBC on 1 September, subject to regulatory approval. He will have managerial responsibility and oversight of the bank’s businesses in Europe.
Innovators and problem-solvers from around the world put their creativity to the test, working to hack the covid-19 pandemic for three days in the EUvsVirus pan-European hackathon, which was hosted by the European Commission and EU member states with sponsorship from companies including Banco Santander.
The project will make it possible to generate and store scientific data on covid-19 so as to provide society with evidence of how it affects children and pregnant women.
The deal has successfully obtained all regulatory approvals from required authorities. Santander acquires a c.50.1% stake in Ebury after an investment of c.£350 million (approximately EUR 400 million) and will support its expansion plans in Latin America and Asia of the payment and currency platform for SMEs.
Banco Santander achieved an attributable profit of €331 million in the first quarter of 2020, down 82% year-on-year after incurring a net charge of €1,646 million, primarily due to overlay provisions of €1,600 million related to covid-19 based on the expected deterioration of the macroeconomic conditions arising from the health crisis.
Santander is mobilising €100 million worldwide to fund initiatives to combat the coronavirus. The funds are being used throughout Santander’s home markets to buy medical equipment and support research into the virus through collaboration with universities and other bodies. The Together Solidarity Fund, which was set up by the Group on 23 March with €25 million, has now reached €54 million thanks to donations from the Group subsidiaries, employees across all the countries in which it operates and contributions from third parties.
Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic, PagoFX will allow customers to use the service to transfer money abroad without any fees at all for the next two months.
