BOSTON and MADRID, Oct. 7,
2019 /PRNewswire/ -- Santander Group today announced that
Ana Botín, Executive Chairman of Banco Santander, is joining the
Boards of Directors of Santander Holdings USA, Inc. (SHUSA) and Santander Bank, N.A. (SBNA), effective
Oct. 21, 2019. The appointments are
subject to regulatory approval.
In the last several years Santander has worked diligently to
strengthen its US businesses. Notable milestones include closing
two Written Agreements with the Federal Reserve, earning a
Community Reinvestment Act (CRA) rating upgrade from the OCC, among
others. The US team has also improved business profitability,
growing customers across all the US businesses and more than
doubling its contribution to Group's earnings. Throughout 2018, and
for the first half of 2019, the US' year-over-year earnings growth
has been the highest of all Santander Group countries.
Between 2016-2018, Santander US' attributable profit to the
Santander Group increased more than 60%, from $401mm to $651mm. On
an underlying basis, attributable profit was up 42% in 2018, and
30% in the first half of 2019.
Ana Botín said, "Our team in the US is making outstanding
progress in transforming the business and improving customer
service, and in the last two years they have achieved a number of
important milestones. The US has been the fastest growing of all
our markets in recent quarters, growing underlying profit by 42% in
2018, and 30% in the first half of 2019. We have more to do and see
significant opportunities for further growth, and I'm looking
forward to working even more closely with our Boards and management
team in this country."
SHUSA and SBNA Boards Chairman, Tim
Ryan, said, "We welcome Ana to our Boards and know she will
add tremendous value and perspective to our work. While we work
with Ana regularly today, having her more deeply involved in the
Boards' deliberations will support our continued goal of helping
people and businesses prosper in the US."
Scott Powell, Santander US CEO,
said, "We are pleased to have Ana join our Boards and look forward
to collaborating with her as we move forward with our objective of
continuing to grow profitability, operating at large financial
institution standards, and better serving our customers and
communities."
Santander Holdings USA is part
of the Santander Group, which serves over 140 million customers
across Europe, North America and South America. Over the past five years the
Group has increased customer revenues by more than 20%, growing
attributable profit by 87%, while also increasing cash dividends
per share by 174% over the same period.
Banco Santander (SAN SM, STD US, BNC LN) is a leading
retail and commercial bank, founded in 1857 and headquartered in
Spain. It has a meaningful
presence in 10 core markets in Europe and the Americas, and is the largest
bank in the euro zone by market capitalization. At the end of
June 2019, Banco Santander had
EUR 1.03 trillion in customer funds
(deposits and mutual funds), 142 million customers, 13,000 branches
and 200,000 employees. Banco Santander made underlying profit of
EUR 4,045 million in the first half
of 2019, an increase of 2% in constant euros compared to the same
period last year.
Santander Holdings USA,
Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN)
(Santander), one of the most respected banking groups in the world
with more than 142 million customers in the U.K., Europe, Latin
America and the U.S. As the intermediate holding company for
Santander's U.S. businesses, SHUSA includes five financial
companies with more than 17,500 employees, 5.2 million customers
and assets of over $144.8 billion.
These include Santander Bank, N.A.,
one of the country's largest retail and commercial banks by
deposits; Santander Consumer USA
Holdings Inc. (NYSE: SC), an auto finance and consumer lending
company; Banco Santander International of Miami; Banco Santander Puerto Rico and
Santander Securities LLC; and Santander Investment Securities Inc.
For more information about Santander
Bank, visit www.santanderbank.com.
Media Contact
Laurie Kight
214-801-6455
mediarelations@santander.us
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ana-botin-appointed-to-santander-holdings-usa-and-santander-bank-boards-of-directors-300933124.html
SOURCE Santander Holdings USA,
Inc.