Santander Portugal

Key details

• Parent: assets

Overview

Santander Portugal is Portuguese commercial banking subsidiary of Banco Santander Spain + BME: SAN; LON: BNC; NYSE: SAN + Banco Santander Spain ~99.9%+ controlling + one of Portugal's largest commercial banks by assets [1, pt-cro].

History

2000 — Banco Santander Spain enters Portuguese market acquiring Banco Totta + Açores + Banco Pinto & Sotto Mayor.

2004 — Santander Totta SGPS consolidation as Portuguese commercial banking subsidiary of Banco Santander Spain.

Mar 27 2016 — Santander Totta acquires Banif Banco Internacional do Funchal post-Banif resolution distinctive Portuguese banking consolidation.

2014 — Santander Portugal mobile banking app launch.

Ownership & operator

Operating entity: Santander Totta SGPS (Portuguese commercial banking subsidiary of Banco Santander Spain).

Major shareholders: Banco Santander Spain (BME: SAN; LON: BNC; NYSE: SAN) ~99.9%+ controlling.

Regulators: Banco de Portugal + ECB.

Technical integration

Santander Portugal mobile app (iOS + Android) + santander.pt online + Santander Portugal branch network across Portugal + Santander Visa + Mastercard cards; SEPA + SEPA Instant + EPC-QR + MB Way (Portuguese national mobile payment scheme + P2P) + Wero (post-EPI launch).

Implementations & partners

Parent group: [[banco-santander]] (Banco Santander; BME: SAN; LON: BNC; NYSE: SAN; one of Eurozone's largest commercial banks by market cap; ~140M+ Santander customers globally).

Major Portuguese banking + payments competitors: [[millennium-bcp]] (Banco Comercial Português BCP Millennium BCP; ENXTLS: BCP; Portugal's largest private commercial bank by assets) + [[cgd-portugal]] (Caixa Geral de Depósitos CGD; Portuguese state-owned commercial bank; Portugal's largest commercial bank by assets + branches) + [[novobanco-pt]] (Novo Banco; Portuguese commercial bank; Lone Star Funds US private equity ~75%+ controlling) + [[banco-bpi]] (Banco BPI; CaixaBank Spanish parent ~94%+ controlling; Portuguese commercial bank) + [[montepio-pt]] (Banco Montepio; Portuguese savings bank) + [[mb-way]] (MB Way Portuguese national mobile payment scheme + P2P).

Regulators: Banco de Portugal + ECB.

Status

Active, Portuguese commercial banking subsidiary of Banco Santander Spain + BME:SAN, LON:BNC, NYSE:SAN + Banco Santander Spain ~99.9%+ controlling + one of Portugal's largest commercial banks by assets [1, 2].

Sources

• 1 Santander PT — official
• 2 Santander Totta — Wikipedia
• pt-cro In-corpus: reports/countries/PT-portugal.md

Source

Biography extracted from santander-portugal.md. See matrix.md for standards-support matrix if present.