Grupo Santander is Europe's largest financial and credit group, originally from Spain. The size of its market capitalization exceeds 80 billion euros, and the size of assets reaches 1 trillion. Today, Santander's affiliated institutes are located in almost all countries of Europe and South America. But the central financial structure continues to be the Spanish bank Banco Santander, the largest bank in the eurozone.
The date of creation of the financial and credit group is considered to be the founding of the Banco Santander bank, which has been active since 1857. However, today's company as we know it is the result of numerous mergers and consolidations. So, over the past twenty years, Santander has spent about $70 billion on various acquisitions.
For example, in 2004 the company shelled out $15 billion for the largest UK bank Abbey, and in 2010 acquired 173 German branches of SEB bank, spending 555 million euros on this.
It is noteworthy that it is the Santander logo that you can see on the Ferrari car during the competition. The fact is that this company is the title sponsor of the Grand Prix of China, Spain, Germany and Great Britain. In addition, she also serves as a partner for the McLaren and Scuderia Ferrari teams in Formula 1.