Articles tagged as: santander

November 5th, 2013

The Santander bank believes that it is the right time to return to property development. The largest financial group in Spain has decided to launch about 140 real estate developments through which they will build about 5,000 homes, a third of which have already been sold off plan. This was ...

Continue reading Santander to Launch Largest Housing Development Since Property ‘Crash’

November 5th, 2012

According to a report carried out by the property appraiser, Tinsa, and consultants, IPD, 75% of investors believe that real estate sector financing "will not be normalised before 2015". The report also notes that the measures taken by the Government, such as the creation of the 'bad bank', "will have a ...

Continue reading Real Estate Sector Financing “Will Not be Normalised before 2015″

April 18th, 2012

Vueling transported 2.57 million passengers in the first three months of the year, which is an increase of 24.1% over the same period in 2011, with a load factor of 76.4% of total capacity, representing an increase of 7.3 percentage points, the National Securities Market Commission (CNMV) said in a ...

Continue reading Vueling Carried 24% More Passengers in Q1

February 8th, 2012

The Chairman of Ryanair, Michael O'Leary, announced yesterday, the addition of six new routes from the El Prat airport in Barcelona starting in April this year. These routes, which were previously operated by Spanair, will connect Barcelona with Alicante, Bilbao, Stockholm, Hamburg, Minorca and Munich. The Irish company is also ...

Continue reading Ryanair Announces Six New Routes from Barcelona

November 7th, 2011

The four big Spanish banks - Santander, BBVA, Popular and Caixabank - made a joint profit of 9,695 million euros in the first nine months of 2011, translating to a decrease of 14% over the same period last year, and reflecting the difficult crisis environment in which they are operating, ...

Continue reading Big Banks Earn 14% Less to September

August 25th, 2011

Europe boasts 30 banks among the safest in the world in 2011, and features in the top ten, despite the sovereign debt crisis. Santander, BBVA and Banesto are among the 50 safest banks worldwide, according to the ranking by Global Finance magazine, which in their 2011 edition is headed by the ...

Continue reading Santander, BBVA and Banesto Rank Among the 50 Safest Banks

August 1st, 2011

The CEO of Banco Santander, Alfredo Saenz, has announced that from August, they are to offer private and self-employed clients "with income problems," a period of three years deferment on mortgage loans for primary residences. "We will offer those individuals or self-employed clients who are unemployed or have suffered loss of ...

Continue reading Santander to Defer Mortgage Payments for Hard-Up Clients

July 18th, 2011

According to results released on Friday by the European Banking Authority (EBA), five of the eight European banks to fail the stress tests are Spanish. The Spanish banks who failed to reach the minimum capital levels required were the four small unlisted savings banks Grupo Caja3, CatalunyaCaixa, CAM and Unnim ...

Continue reading Spanish Banks Get Stress Tests Results

June 24th, 2011

European countries coordinated their efforts on Wednesday to ask the big banks and insurance companies, who are holders of Greek debt, to become involved in the second bailout of the country. As main creditors, France and Germany led the concerted action on the eve of the Heads of State and Government ...

Continue reading Salgado Calls for Spanish Banks’ Help in Greek Rescue

June 15th, 2011

According to a survey released last week by Goldman Sachs, the Spanish financial sector look set to have the worst results in the European banks’ stress tests. These results are due to be published next month. After interviewing 113 specialists they concluded that this is the opinion of the majority of ...

Continue reading Goldman Sachs Predicts Spanish Banks Will Fare Worst on Stress Tests

May 16th, 2011

Employees and managers of the cheese factory “Quesería Menorquina” have bought their company, Nueva Rumasa, for the sum of 346 euros. They have assumed responsibility for the cheese production debts, estimated at 33 million euros in 2009, two years before the suspension of payments. Each of the 181 workers are to ...

Continue reading Employees Buy Menorcan Cheese Company for 346 Euros

August 30th, 2010

Jose Mourinho made a poor start to his spell as Real Madrid coach yesterday, with a dull 0-0 draw away to well drilled Mallorca. Earlier on Sunday, Barcelona had kicked off their campaign to retain the Liga title with an emphatic 3-0 win away to Racing Santander, with handsome goals from ...

Continue reading Contrasting Start to League for Barcelona and Madrid

August 5th, 2010

Spain's largest bank, Santander, sealed the purchase of over 300 UK branches from Royal Bank of Scotland yesterday for €2 billion, as the Spanish bank bulked up in one of its core markets. Banco Santander was founded in 1857 by a group of Basque businessmen to finance trade with

Continue reading Route to Dominance of Spain’s Largest Bank: Santander

July 9th, 2010

A total of ten Spanish companies have been included in Fortune magazine’s annual list of the top 500 global companies, compared with twelve companies which appeared in the rankings for 2009, the list is headed once again by the retail chain Wal-Mart. In the 2010 list, Santander is once

Continue reading 10 Spanish Companies Make World Top 500 List

June 23rd, 2010

According to a research report by Ipsos, the chairman of Banco Santander, Emilio Botin, remains the most influential businessman in Spain, with the chairman of Inditex, Amancio Ortega, in second place and third for the head of Telefónica, César Alierta . This is the third time that Botin has been

Continue reading Banco Santander Boss: Spain’s Most Influential Businessman