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August 31, 2015 12:44 AM 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:

47 21 08 30 00

Fax:

47 21 08 33 62

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 AS Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Santander Consumer Bank AS reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total interest income and similar income was NOK 1,058.8 million against NOK 1,000.0 million last year. Operating result was NOK 283.6 million against NOK 185.2 million last year. Profit after tax was NOK 205.6 million against NOK 132.2 million last year. Allocation of profit after tax - transferred to other earned equity was NOK 205.6 million against NOK 132.2 million last year. Net cash flow used in operations was NOK 8,908.5 million against NOK 4,747.6 million last year. Net purchase/sale of fixed assets (including operating leasing assets) was NOK 4.7 million against NOK 20.0 million last year. For the six months, total interest income and similar income was NOK 2,079.3 million against NOK 1,879.7 million last year. Operating result was NOK 539.4 million against NOK 437.5 million last year. Profit after tax was NOK 393.6 million against NOK 315.6 million last year. Allocation of profit after tax - transferred to other earned equity was NOK 393.6 million against NOK 315.6 million last year. Net cash flow used in operations was NOK 11,123.5 million against NOK 3,263.1 million last year. Net purchase/sale of fixed assets (including operating leasing assets) was NOK 21.9 million against NOK 46.7 million last year.

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.

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