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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Banco Santander, S.A.    SAN   ES0113900J37

BANCO SANTANDER, S.A.

(SAN)
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Banco Santander : Santander Agrees to Sell TotalBank to BCI for $528 Million

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12/01/2017 | 05:18am EST
   By Nathan Allen 
 

Spain's Banco Santander SA (>> Banco Santander) said on Friday that its wholly-owned subsidiary Banco Popular Espanol SA has agreed to sell TotalBank to Chile's Banco de Credito e Inversiones (>> Banco de Credito e Inversiones SA) for $528 million.

TotalBank is a Florida-based retail and commercial bank with a total of 18 branches and about $3.1 billion in assets that has been fully owned by Banco Popular since 2007.

"While TotalBank is an excellent franchise, it is not a natural fit with our existing U.S. business," said Santander's executive chairman, Ana Botin.

Santander said the sale will contribute five basis points to its core equity tier-one capital ratio and 60 basis points to Banco Popular's CET1 ratio.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article : Banco Santander, Banco de Credito e Inversiones SA
Stocks mentioned in the article
ChangeLast1st jan.
BANCO DE CREDITO E INVERSIONES SA End-of-day quote.
BANCO SANTANDER, S.A. 0.54% 3.917 End-of-day quote.5.01%
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Financials (EUR)
Sales 2020 50 058 M
EBIT 2020 27 045 M
Net income 2020 7 823 M
Debt 2020 -
Yield 2020 5,90%
P/E ratio 2020 8,15x
P/E ratio 2021 8,01x
Capi. / Sales2020 1,30x
Capi. / Sales2021 1,26x
Capitalization 65 061 M
Chart BANCO SANTANDER, S.A.
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Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 4,35  €
Last Close Price 3,92  €
Spread / Highest target 38,4%
Spread / Average Target 10,9%
Spread / Lowest Target -32,7%
EPS Revisions
Managers
NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Deputy Chairman
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Kudwig Marzluf Chief Operating & Technical Officer
José Antonio Garcia Cantera Chief Financial Officer
Guillermo de la Dehesa Romero Director
Sector and Competitors