More NewsDebt Ratings Assigned to Banco Santander Central Hispano

Debt Ratings Assigned to Banco Santander Central Hispano

Effective April 19, Banco Central Hispanoamericano, S.A. and Banco Santander S.A, are merging and forming a new bank called Banco Santander Central Hispano (BSCH). All previous obligations issued by the two banks will be fully guaranteed by the newly formed entity. Although Banco Central Hispanoamericano, S.A. and Banco Santander S.A no longer exist as legal banking entities, the new Banco Santander Central Hispano is keeping the three trade marks that were used by the merged banks, namely Banco Santander (BS), Banco Central Hispanoamericano (BCH) and Banesto. The three product brands will continue to be marketed separately, although with centralized activities and strong coordination. The merger clearly strengthens the retail banking business in Spain, increasing domestic market share and allowing further economies of scale

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha