Q:

What type of bank is Banco Santander?

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Quick Answer

Banco Santander is a consumer, commercial and private bank that offers services to individuals and corporations alike. The bank also acts as an investment bank and handles securities exchange such as stocks and offers advice on mergers and acquisition deals between large corporate entities. Santander provides different financial services to individual customers such as checking and savings account, mortgages, wealth management, personal loans and insurance.

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Full Answer

The bank has four segments: retail banking, private banking, asset management and insurance and real estate. The real estate segment only offers real estate loans to customers in Spain. Banco Santander is present in North America, South America and Europe and serves more than 100 million people worldwide. The bank also handles over $55 billion in deposits in the United States and has over 9,000 employees worldwide, as of 2015. Banco Santander prides itself on accessibility and has over 650 branches and 2,000 ATMs in the United States.

Banco Santander believes in boosting its customer's financial confidence, improving communities, transforming the world through education and protecting the environment. The company is one of the world's most respected and valuable banks and has won numerous banking awards such as the "Best Consumer Bank in the World" given by Global Finance.

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