Santander, which has grown significantly in the UK in recent years through the acquisition of Abbey National in 2004, and Bradford & Bingley, and Alliance & Leicester last year, now issues one in two of every new mortgages in the UK.
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Expansion is driving force as Santander sees 13% rise in earnings
Banco Santander, the Spanish financial giant that last year gobbled up a raft of banks amid the global economic downturn, yesterday reported a 13% rise in fourth-quarter net profit to 2.2 billion euros – driven largely by its opportunistic expansion in the UK and South America.
