The history of Santander in the UK
Since its entry into the UK market in November 2004, Santander has transformed the three businesses it acquired. The integration of separate management structures, systems and brands improved profitability and allowed Santander to broaden its range of value-for-money products which contributed to strong organic growth.
Key dates for Santander in the UK include:
- In November 2004, the courts approved Santander acquisition of Abbey National plc and Abbey became part of the Santander Group.
- In September 2008, Santander acquired Bradford & Bingley's retail branches and savings business.
- In October 2008, Santander acquired Alliance & Leicester. In January 2010, Abbey and the branch network of Bradford & Bingley rebranded as Santander.
- In November 2010, Alliance & Leicester was rebranded as Santander.
Founded in Northern Spain in 1857, Santander is a commercial and retail bank with a presence in 10 core markets in Europe and North and South America. It is the largest bank in the euro zone by market capitalization.
More information on Santander Group can be found on the website.