banco santander sa-spon adr (SAN) Key Developments
Banco Santander, S.A. Announces Consolidated Cash Flow Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for the First Quarter Ended March 31, 2015
May 18 15
Banco Santander, S.A. announced consolidated cash flow results for the first quarter ended March 31, 2015. For the period, the company reported cash used in operating activities of EUR 11,604 million against cash flows from operating activities of EUR 3,046 million a year ago. Purchase of tangible assets was EUR 1,049 million against EUR 479 million a year ago. Purchase of intangible assets was EUR 165 million against EUR 287 million a year ago.
In the first three months of 2015, there were impairment losses on tangible assets (mainly investment property) amounting to EUR 29 million against first three months of 2014 was EUR 44 million which were recognised under impairment losses on other assets.
Santander Presents at Securitization and Structured Finance in Latin America 2015, May-14-2015 12:45 PM
May 11 15
Santander Presents at Securitization and Structured Finance in Latin America 2015, May-14-2015 12:45 PM. Venue: Conrad Miami, Florida, United States. Speakers: Luis Araneda, Managing Director, Head of Americas Structured Finance.
ANZ Confirms Sale Of Esanda Dealer Finance
May 4 15
Australia & New Zealand Banking Group Limited (ASX:ANZ) has confirmed it intends to offload Esanda dealer finance unit, in an auction that may garner local and offshore interest and see the lender reap proceeds in the order of AUD 1.5 billion. ANZ said sale documents were due out later in May. The sale includes point-of-sale finance, bailment facilities and other Esanda-branded finance offered to vehicle dealers, ANZ said. First round bids are expected before the end of June 2015. Deutsche Bank is advising ANZ. ANZ said it "remains committed" to providing asset finance under the ANZ brand, with the auction to exclude the ANZ commercial broker, commercial asset finance or direct to consumer asset finance businesses. TPG Capital (Australia) Pty Ltd may opt to again join with Liberty Financial Pty Ltd to make a tilt for the Esanda division, while Macquarie Group Limited (ASX:MQG), Pepper Australia Pty Ltd, Bank of Queensland Ltd. (ASX:BOQ), ORIX Corporation (TSE:8591) and KKR & Co. L.P. (NYSE:KKR) are also expected to scour the sale documents. The sale is expected to pique the interest of global auto-finance companies including US giant Ally Bank Corp., Banco Santander, S.A. (CATS:SAN), and Japanese banks such as Mizuho Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc. (TSE:8316) and Mitsubishi Corporation (TSE:8058).
Commerzbank Not Interested In Acquiring Postbank
Apr 30 15
Commerzbank AG (DB:CBK) is not interested in acquiring Deutsche Postbank AG (XTRA:DPB) from Deutsche Bank AG (DB:DBK). Deutsche Bank decided to sell Deutsche Postbank preferably through a stock market listing. The company has allegedly attracted interest from BNP Paribas SA (ENXTPA:BNP), Banco Santander, S.A. (CATS:SAN) and other Chinese lenders.
Banco Santander, S.A. Unveils New Dividend Policy for Fiscal 2015
Apr 28 15
Banco Santander, S.A. board unveiled a new dividend policy for fiscal 2015. Shareholders will get four dividends of EUR 0.05 per share, three of them payable in cash and one in stock or cash, as per individual choice.