Banco Santander achieved an underlying profit of €3,658 million in the first nine months of 2020, down 33%, due to an increase in loan-loss provisions attributable to the covid-19 pandemic. Although the pandemic has had a significant impact on customer activity, the bank noted improvement in the third quarter.
Banco Santander’s group executive chairman, Ana Botín, announced plans today to create a global native digital consumer bank with the combination of Openbank and Santander Consumer Finance. This is one of Santander’s the three initiatives to become the best open financial services platform.
Banco Santander has been selected for the second consecutive year as one of the World’s 25 Best WorkplacesTM in 2020. The bank has been selected from over 10,000 organizations across 92 countries which ensure exceptional employee experiences, creating high-trust relationships, and workplaces that are fair and equal for all.
The bank customises its offer for individuals and companies with free essential services for loyal customers and offers the possibility to subscribe to special plans for a fixed monthly fee.
This agreement will allow the bank to provide services at the 4,675 Correos offices from the first quarter of 2021. Santander’s basic financial services will reach an additional 1,500 municipalities through Correos. Bank customers will be able to withdraw and deposit cash at Correos offices, and postal workers will be able to deliver money to any address in Spain.
London, 23 September 2020 | Mouro Capital, the $400 million successor fund of fintech-specialist Santander InnoVentures, has led a $26 million financing round including debt and equity in Uncapped, a company changing the way growing online brands fund marketing and inventory.