Summary: Santander Consumer Finance, S.A. Sep 06

Standard & Poors, September 2006

Abstract
Santander Consumer Finance, S.A. (SCF) is the European consumer finance subsidiary of Spain's largest bank, Banco Santander Central Hispano, S.A. (Santander; AA-/Positive/A-1+). SCF's core status within its parent group Santander is underpinned by the bank's full ownership by and integration within Santander, with which it shares a brand name and image. It is further supported by the importance of its contribution to Santander's European retail banking division. SCF contributes about 16.5% of the attributable profit of the Santander group's continental European banking division, which, in turn, represented 51% of the group's first-half 2006 total attributable profit. SCF's strategy to build a Pan-European consumer finance franchise is instrumental for the Santander group's European ambitions. Building on its well-established presence in Germany,...

Companies mentioned in this report are: Santander Consumer Finance, S.A.
Action: Review

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Santander Consumer Finance, S.A.

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