Company Overview of Santander Consumer Finance, S.A.
Santander Consumer Finance, S.A., a consumer finance company, provides various financial products and services. It operates through the Automotive, Consumer Finance and Cards, Direct Finance, and Other Business segments. The company offers various financial products, including finance for buying new or used cars and motorbikes; durables finance; co-branded credit cards and private label cards; and insurance solutions comprising payment protection and car insurance. It also provides stock finance to car dealers to finance the acquisition of new and used cars in stock; industrial equipment leasing; deposits; personal loans; and debt consolidation services. The company offers its finance soluti...
Avda de Cantabria s/n
Boadilla del Monte
Founded in 1963
Key Executives for Santander Consumer Finance, S.A.
Chief Executive Officer and Director
General Manager of Administration, Operations and Management Control
General Managing Director and Director
General Managing Director
General Manager of Auto Network & General Products
Compensation as of Fiscal Year 2015.
Santander Consumer Finance, S.A. Key Developments
Banque PSA Finance Set Up Two Joint Ventures with Santander Consumer Finance, in Spain and Switzerland
Oct 5 15
Banque PSA Finance announced that it has set up two joint ventures with Santander Consumer Finance, in Spain and Switzerland. The two partnerships are expected to enhance the competitiveness and profit margins of Banque PSA Finance and to deliver about EUR 1.5 billion (USD 1.7 billion) in cash upstream between 2015 and 2018. The joint ventures in Spain and Switzerland are part of a framework agreement between Banque PSA Finance and Grupo Santander signed in July 2014. The deal includes eleven countries in Europe, as well as Brazil after Banque PSA Finance signed an agreement with Banco Santander Brazil on 24 July 2015. The first joint ventures were launched in February 2015 in France and the UK. The launch of the remaining ventures are expected to be finalised in 2016.
Banco Santander, S.A. and Santander Consumer Finance, S.A. Reach a Strategic Agreement with El Corte Inglés, S.A
Oct 7 13
Banco Santander, S.A. and Santander Consumer Finance, S.A. (Santander Consumer) announced that Santander Consumer has reached a strategic agreement with El Corte Inglés, S.A. (El Corte Inglés) in consumer finance and client financing which includes the acquisition to El Corte Inglés of a 51% interest in Financiera El Corte Inglés, E.F.C., S.A. (Financiera El Corte Inglés). El Corte Inglés will retain the remaining 49%. The transaction values Financiera El Corte Inglés in EUR 415 million. It is expected that El Corte Inglés will receive prior to closing a special dividend of approx. EUR 140 million. Thus, Santander Consumer will pay a price of approx. EUR 140 million for the 51% stake of Financiera El Corte Inglés. Financiera El Corte Inglés will have a seven member Board, of which Santander Consumer will appoint four members and El Corte Inglés the remaining three. Closing of the transaction is conditional upon, inter alia, the required regulatory and antitrust approvals. It is expected that closing will take place in the first quarter of 2014.
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