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February 07, 2016 8:25 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

1,500 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 Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Santander Consumer Bank AS reported earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported that profit after tax was NOK 426.0 million, compared to NOK 334.09 million for the same quarter ended September 30, 2014. Net interest and credit commission income for the third quarter ended September 30, 2015 was NOK 1.54 billion, compared to NOK 893.25 million for the same quarter ended September 30, 2014. Profit after tax for the nine months ended September 30, 2015 was NOK 1.0 billion, compared to NOK 716.07 million for the same period ended September 30, 2014. Net interest and credit commission income for the nine months ended September 30, 2015 was NOK 3.46 billion, compared to NOK 2.58 billion for the same period ended September 30, 2014.

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.

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