Archives for santander

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″

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 ...

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

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 ...

Continue reading Spanish Banks Get Stress Tests Results

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

November 1st, 2010

Santander, the Spanish banking giant that owns Abbey and Alliance & Leicester, shocked the market yesterday by warning that annual profit would fall short of its forecasts. The bank blamed new rules imposed by the Bank of Spain requiring earlier recording of bad debts, as well as the worsening economy in ...

Continue reading Spain's Santander Bank Warns of Profits Shortfall

September 15th, 2010

Santander, the highly acquisitive Spanish bank, has continued its aggressive march into emerging markets after winning the auction for a controlling stake in one of Poland’s largest banks. Santander fought off stiff competition from European rivals to purchase the 70 per cent stake of Bank Zachodni WBK that Allied Irish Banks ...

Continue reading Spain's Santander Wins Controlling Stake in Polish Bank

August 17th, 2010

Deep gorges cutting through mountains, secret villages in high alpine valleys, serene lakes, bubbling rivers and historic market towns await those who take the loop around the Picos de Europa, surely one of the great drives of Europe. This national park rears skywards just behind the coast to the west of ...

Continue reading Northern Spain’s Picos de Europa – A Spectacular Drive

July 21st, 2010

Spain’s banks are deliberately stifling the property recovery they are desperate to see by screwing agency commission rates down to 1.5% to 3%; and by forcing developers to the wall. Agents and developers are getting increasingly frustrated with the inept way in which the Spanish banks are trying to offload their ...

Continue reading Spanish Banks Not Helping Property Recovery

July 20th, 2010

Torrevieja is the Spanish resort that exploded in size as Brits snapped up apartments and villas as frenetically as the developers knocked them out. But the town dubbed the Costa del Yorkshire is now better known to the Spanish banks as the home of the "British plumber mortgage", and knee-deep ...

Continue reading Despite Property Glut, There Are Few Real Bargains

July 19th, 2010

Spanish banks and cajas, frozen out of the international wholesale finance markets on which they once depended, increased their borrowing from the European Central Bank by nearly half to €126.3bn ($161.2bn) in June from €85.62bn in May, according to figures released by the Bank of Spain. Spanish borrowing from the ECB ...

Continue reading Spanish Data Shows 48% Rise in Loans from ECB

July 9th, 2010

International investors flocked to buy Spanish bonds on Tuesday amid rising hopes that Madrid had averted a financial crisis and would not have to use emergency bail-out loans. The Spanish raised €6bn ($7.6bn) in 10-year bonds, with orders rising to €14bn in the space of just a few hours, as many ...

Continue reading Spanish Bonds Attract Global Investors

July 5th, 2010

A crucial indication of whether European banks can be taken off "life support" from central banks will come this morning as the European Central Bank (ECB) offers refinancing for a €442bn loan that has kept the system afloat for the past year. Analysts reckon that if the ECB admits that banks ...

Continue reading European Banks Await News on Refinancing Package

June 17th, 2010

Spain's Sabadell and smaller rival Guipuzcoano joined the dash for sector consolidation on Friday with confirmation of talks that could lead to the country's first listed banks' merger. News of the talks follow Thursday's announcement that Caja Madrid was conducting a savings bank "virtual" merger with six small regional lenders to ...

Continue reading Bank Restructuring Crucial in Reviving Spanish Economy

May 28th, 2010

Spain reigns supreme as the most popular holiday destination for the British. Most of us who have been there think we know the country. But, in truth, we probably know only its Mediterranean holiday coast - the costas with their concrete hotel strips, clubs, bars and cafes that ...

Continue reading Discover Spectacular Green Spain