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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Banco Santander    SAN   ES0113900J37

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Banco Santander : Santander launches integration of Popular with benefits for customers and a redesign of branch signage

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10/04/2017 | 02:10pm CET
  • Popular's four million customers will have access to a network of 7,500 ATMs for free cash withdrawals.
  • Retail and independent professionals will be able to do money transfers in euros for free among both banks.

Madrid, October 4, 2017. Santander is taking another important step in the integration process of Banco Popular. From today, Popular's branch signage will include the Banco Santander flame, an initial phase of the rebranding that will take place following operational integration, expected to happen in 2019.

In the next two weeks, Popular's more than 1,200 branches in Spain and Pastor's offices in Galicia will start to modify the signage on their facades to include a Grupo Santander endorsement and the Santander corporate color in their logos. The goal is to enhance the sense of integration and welcome Popular's four million customers to Grupo Santander, following approval of the acquisition by competition authorities on August 8. Subsequently, the Santander logo will be included in other materials, such as business cards, website, branch displays, etcetera.

This initial phase of the rebranding will also involve specific benefits for Popular customers, as they will have access to free cash withdrawals at over 7,500 ATMs in Spain: Santander's 5,000 tellers and Popular's 2,500. Moreover, retail customers and independent professionals of both Popular and Santander will be able to make ordinary money transfers in euros between both banks without cost.

Rami Aboukhair, Santander Spain and Popular's CEO, said: 'We welcome Banco Popular's customers to Grupo Santander. They can start to benefit from the advantages of the integration. We are committed to carrying out an exemplary integration resulting in a bank that will offer the best of both models. We are already part of the same team, which combines soundness, trust, strength, proximity and strives for excellence in customer service'.

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Banco Santander SA published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 12:09:05 UTC.

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Financials (€)
Sales 2017 47 885 M
EBIT 2017 25 230 M
Net income 2017 6 944 M
Debt 2017 -
Yield 2017 3,72%
P/E ratio 2017 12,31
P/E ratio 2018 10,81
Capi. / Sales 2017 1,85x
Capi. / Sales 2018 1,77x
Capitalization 88 442 M
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Banco Santander Technical Analysis Chart | SAN | ES0113900J37 | 4-Traders
Technical analysis trends BANCO SANTANDER
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 6,01 €
Spread / Average Target 9,6%
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NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Executive Director
Ana Patricia Botín-Sanz de Sautuola O'Shea Group Executive Chairman
Andreu Plaza López Executive Vice President-Technology & Operations
José Antonio Garcia Cantera Group Chief Financial Officer & Executive VP
Guillermo de la Dehesa Romero Vice Chairman
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