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July 29, 2015 8:37 PM ET

Banks

Company Overview of Santander Consumer Bank AS

Company Overview

Santander Consumer Bank AS provides various banking services in Norway, Sweden, and Denmark. Its products include savings accounts, car and leisure loans, consumer loans, and credit cards, as well as leasing and consignment services. The company is headquartered in Lysaker, Norway. Santander Consumer Bank AS operates as a subsidiary of Santander Consumer Finance, S.A.

Strandveien 18

Postboks 177

Lysaker,  1325

Norway

650 Employees

Phone:

21083000

Fax:

21083352

Key Executives for Santander Consumer Bank AS

Chief Executive Officer and Director
Chairman and Managing Director
Chairman of Control Committee
Deputy Chairman of Control Committee
Compensation as of Fiscal Year 2015.

Santander Consumer Bank AS Key Developments

Santander Consumer Bank to Close its Operations in Norwegian Municipality of Brumunddal

Santander Consumer Bank will close down its operations in the Norwegian municipality of Brumunddal. Banco Santander SA unit Santander Consumer Bank AS will close down its operations in the Norwegian municipality of Brumunddal. The closure would affect about 70 employees. Santander Consumer Bank is concentrating its Norwegian business in Lysaker and Stavanger.

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the First Quarter Ended March 31, 2015

Santander Consumer Bank AS announced group and parent earnings results for the first quarter ended March 31, 2015. For the quarter on group basis, total interest income and similar income was NOK 1,347,340,000 against NOK 1,245,518,000 a year ago. Operating result was NOK 364,803,000 against NOK 304,036,000 a year ago. Profit after tax was NOK 278,772,000 against NOK 218,154,000 a year ago. Net cash generated from operating activities was NOK 1,188,516,000 against NOK 1,280,709,000 a year ago. Net purchase of fixed assets (incl op. leasing assets) was NOK 7,009,000 against NOK 55,516,000 a year ago. For the quarter on parent basis, total interest income and similar income was NOK 1,020,453,000 against NOK 879,653,000 a year ago. Operating result was NOK 255,770,000 against NOK 252,344,000 a year ago. Profit after tax was NOK 187,948,000 against NOK 183,353,000 a year ago. Net cash used in operating activities was NOK 2,214,968,000 against net cash generated from NOK 1,484,431,000 a year ago. Net purchase of fixed assets (incl op. leasing assets) was NOK 17,260,000 against NOK 26,627,000 a year ago.

Santander Consumer Bank AS Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

Santander Consumer Bank AS reported consolidated and parent earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company's total interest income and similar income was NOK 5,208.770 million compared to NOK 4,577.904 million a year ago. Net interest and credit commission income was NOK 3,493.237 million compared to NOK 3,023.326 million a year ago. Operating result was NOK 1,320.807 million compared to NOK 1,392.500 million a year ago. Profit after tax was NOK 956.408 million compared to NOK 1,016.043 million a year ago. Net cash flow used in operations was NOK 7,332.051 million compared to NOK 9,750.730 million a year ago. Purchase of fixed assets was NOK 99.129 million compared to NOK 189.714 million a year ago. The return on net earning assets (ROA) of 1,23% is down compared to last year, mainly due to increased loan write downs. For the year, on parent basis, the company's total interest income and similar income was NOK 3,797.826 million compared to NOK 3,364.496 million a year ago. Net interest and credit commission income was NOK 2,565.948 million compared to NOK 2,261.754 million a year ago. Operating result was NOK 1,330.114 million compared to NOK 1,098.347 million a year ago. Profit after tax was NOK 1,032.483 million compared to NOK 808.534 million a year ago. Net cash flow from operations was NOK 4,654.645 million compared to NOK 4,359.423 million a year ago. Purchase of fixed assets was NOK 90.151 million compared to NOK 183.654 million a year ago.

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