Banco Santander and the Acquisition of Abn Amro and Abbey National

Introduction and facts 1.Banco Santander Banco Santander was founded in Santander and is the largest shore of Spain. Grupo Santander, which is the umbrella above the diametric activities and bancs in different countries, has almost 130.000 employees and 69 million customers. It is the twelfth largest financial group of the world by market value. 2.Abbey National Abbey is the ordinal largest bank of the social united Kingdom, with a leading position in the United Kingdom mortgage market, a well-built distribution network, an effected brand and a wide portfolio of clients. In 2004, the bank was acquired by Banco Santander for EUR 15,6 billion and became a wholly-owned subsidiary of Grupo Santander. The two main course divisions are Personal Financial Services and the Portfolio Business Unit. The Personal Financial Services consists of three comp iodinnts: the UK Retail Banking which provides residential mortgages, savings products, personal banking services, travellers cheques, foreign currency and general insurance. The sweeping banking which is in charge of the liquidity and capital management activities of the bank and also incorporates Abbeys financial products and short term markets businesses.

The utmost element of this division is Business to Business which develops the business relationships of Abbey with intermediaries and generates provided opportunities with small and medium sized enterprises and in workplace marketing. The imprimatur division, the Portfolio Business Unit, deals with businesses that are not consistent with Abbeys Personal Financial Services strategy. The intention of the organization is to slew these businesses while making sure that returns for shareholders are maximized and risk is bring down in a timely manner. 3.ABN Amro ABN AMRO was, in the period of 1991 to 2007, one of the largest banks in Europe and had operations in more than 60 countries around the world. ABN AMRO was the result of a merger in 1990-91, of two... If you motivation to get a full essay, order it on our website: Orderessay

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