Top 59%
Banco Satander is showing excellent results compared what we see with different commercial/investment banks worldwide.
It has won the best bank of the world title according to Euromoney and - plans future aggressive growth with its outstanding grand-father boss - Mr Botin.
STD's recent plan to takeover Alliance&Leicester (A&L) shows the real strength of STD, mostly due to its unique access to cheap funding.
Moreover, Santander has a very large network of credit retail bank network in emerging market such BRIC, Latin America, but also in Asia, North America and Europe.
I think that STD will be a good opportunity to short-mid-term investors, because the future results of the takeover aren't so obvious because the future integration process which is evidently a some sort of risk.
Finally, I'm quite optimistic because STD already got a good experience in acquiring a British lender - Abbey.
Top 1%
blacktuna
Jul 18 at 1:32 ET
Looks like a solid company - Europian banking is more mellow and less risky by culture.
Top 1%
guliamo
Jul 19 at 6:00 ET
I suppose banking will remain unpopular for a while longer.. people hate risk and are staying away. STD's stats look excellent! I agree with tanh - this seems like a good company to buy, will definitely look into it. Thanks tanh.
Top 59%
tanh1o
Jul 19 at 3:54 ET
You're welcome guys. I'm new to the community, but will
definetely try to contribute more.
Cheers.