(Santander or the Bank) is a bank holding company. Santander operates
in Spain, the United Kingdom, Portugal, other European countries, Latin
America and the United States, offering a range of financial products.
Santander is organized in three principal segments: Continental Europe,
United Kingdom and Latin America. Continental Europe covers all retail
banking business, wholesale banking and asset management and insurance
conducted in Europe, with the exception of the United Kingdom. It also
includes the units, such as the Santander Branch Network, Banco Espanol
de Credito, S.A., Santander Consumer Finance and Portugal. United
includes retail and wholesale banking, asset management and insurance
by the various units and branches of the Bank in the United Kingdom.
America segment includes activities conducted via its subsidiary banks
and other subsidiaries in Latin America.