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Summary: Santander Consumer Finance, S.A. Apr 07
Standard & Poors, April 2007
The ratings on Santander Consumer Finance, S.A. (SCF) reflect the bank's full ownership by and integration within Banco Santander Central Hispano, S.A. (Santander; AA/Stable/A-1+), with which it shares brand name and image. SCF's core status within Santander is further supported by its important 16% contribution to the attributable profit of Santander's Continental European banking division, which, in turn, represented 51% of the group's 2006 total attributable profit. SCF's strategy to build a Pan-European consumer finance franchise is instrumental for Santander's European ambitions. Building on its well-established presence in Germany, Spain, and Italy (where SCF commands market shares of 16%, 26%, and 7%, respectively, in auto financing), the bank has grown to become one of Europe's largest consumer finance providers. SCF...
Companies mentioned in this report are: Santander Consumer Finance, S.A.
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Santander Consumer Finance, S.A.