January 25, 2015 6:02 AM ET

Banks

Company Overview of Santander Consumer Bank AS

Company Overview

Santander Consumer Bank AS provides various banking services in Norway. The company operates through Norway, Sweden, Denmark, and Finland segments. It offers car and leisure finance, consumer loans, credit cards, and savings account, as well as leasing and consignment services. The company is headquartered in Lysaker, Norway. Santander Consumer Bank AS is a subsidiary of Santander Consumer Finance S.A.

Strandveien 18

PO Box 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
Deputy Chairman of Control Committee
Compensation as of Fiscal Year 2014.

Santander Consumer Bank AS Key Developments

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Santander Consumer Bank AS announced group and parent earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, on the group basis, the company reported total interest income and similar income of NOK 3,844,208,000 against NOK 3,359,668,000 a year ago. Total commission income and income from banking services was NOK 287,245,000 against NOK 253,939,000 a year ago. Total other operating income was NOK 27,703,000 against NOK 29,854,000 a year ago. Profit before tax was NOK 965,148,000 against NOK 1,048,705,000 a year ago. Profit after tax was NOK 716,066,000 compared to NOK 768,328,000 a year ago. For the nine months, on the parent basis, the company reported total interest income and similar income of NOK 2,810,335,000 against NOK 2,353,959,000 a year ago. Total commission income and income from banking services was NOK 351,765,000 against NOK 308,634,000 a year ago. Total other operating income was NOK 384,503,000 against NOK 20,483,000 a year ago. Profit before tax was NOK 1,083,749,000 compared to NOK 827,664,000 a year ago. Profit after tax was NOK 884,718,000 compared to NOK 599,235,000 a year ago. For the quarter, on the group basis, the company reported total interest income and similar income of NOK 1,307,263,000 against NOK 1,184,509,000 a year ago. Total commission income and income from banking services was NOK 103,926,000 against NOK 96,772,000 a year ago. Total other operating income was NOK 9,307,000 against NOK 11,699,000 a year ago. Profit before tax was NOK 429,134,000 compared to NOK 365,586,000 a year ago. Profit after tax was NOK 334,089,000 compared to NOK 269,321,000 a year ago. Net cash outflow from operations was NOK 4,072,816,000 against NOK 447,082,000 a year ago. Purchase of fixed assets was NOK 171,857,000 against NOK 65,871,000 a year ago. For the quarter, on the parent basis, the company reported total interest income and similar income of NOK 979,448,000 against NOK 838,537,000 a year ago. Total commission income and income from banking services was NOK 121,367,000 against NOK 114,021,000 a year ago. Total other operating income was NOK 370,991,000 against NOK 7,673,000 a year ago. Profit after tax was NOK 569,134,000 against NOK 212,063,000 a year ago. Profit before tax was NOK 646,238,000 compared to NOK 291,137,000 a year ago. Net cash flow from operations was NOK 3,521,162,000 compared to net cash inflows of NOK 370,701,000 a year ago. Purchase of fixed assets was NOK 62,668,000 compared to NOK 61,504,000 a year ago. For the full year of 2014, the group expects an overall increase in new business volume for all products, with some variations between the countries, and a relative higher growth in unsecured lending vs. auto finance. This will to some extent increase net interest income.

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the Six Months and Second Quarter Ended June 30, 2014; Provides Earnings Guidance for 2014

Santander Consumer Bank AS announced group and parent earnings results for the six months and second quarter ended June 30, 2014. For the six months, on the group basis, the company reported total interest income and similar income of NOK 2,585,797,000 against NOK 2,175,159,000 a year ago. Total commission income and income from banking services was NOK 134,467,000 against NOK 157,167,000 a year ago. Total other operating income was NOK 18,397,000 against NOK 18,155,000 a year ago. Operating result was NOK 536,014,000 against NOK 683,110,000 a year ago. Profit after tax was NOK 381,977,000 against NOK 498,997,000 a year ago. For the six months, on the parent basis, the company reported total interest income and similar income of NOK 1,879,670,000 against NOK 1,515,422,000 a year ago. Total commission income and income from banking services was NOK 181,616,000 against NOK 194,613,000 a year ago. Total other operating income was NOK 13,513,000 against NOK 12,810,000 a year ago. Operating result was NOK 437,511,000 against NOK 536,527,000 a year ago. Profit after tax was NOK 315,584,000 against NOK 387,172,000 a year ago. For the quarter, on the group basis, the company reported total interest income and similar income of NOK 1,340,279,000 against NOK 1,105,008,000 a year ago. Total commission income and income from banking services was NOK 45,350,000 against NOK 93,727,000 a year ago. Total other operating income was NOK 8,961,000 against NOK 9,528,000 a year ago. Operating result was NOK 231,979,000 against NOK 365,559,000 a year ago. Profit after tax was NOK 163,823,000 against NOK 266,667,000 a year ago. Net cash outflow from operations was NOK 1,144,908,000 against NOK 246,882,000 a year ago. Purchase of fixed assets was NOK 112,886,000 against NOK 46,550,000 a year ago. For the quarter, on the parent basis, the company reported total interest income and similar income of NOK 1,000,017,000 against NOK 760,301,000 a year ago. Total commission income and income from banking services was NOK 64,487,000 against NOK 107,558,000 a year ago. Total other operating income was NOK 6,794,000 against NOK 6,534,000 a year ago. Operating result was NOK 185,167,000 against NOK 283,929,000 a year ago. Profit after tax was NOK 132,231,000 against NOK 203,793,000 a year ago. Net cash outflow from operations was NOK 3,263,135,000 against NOK 228,558,000 a year ago. Purchase of fixed assets was NOK 46,665,000 against NOK 61,088,000 a year ago. The group expects earnings to increase in 2014, at a slower rate than previous years. The company expects relative higher growth in unsecured lending vs. auto finance, which will to some extent increase margins.

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the First Quarter Ended March 31, 2014; Provides Tax Rate Guidance for the Year Ending December 31, 2014

Santander Consumer Bank AS announced group and parent earnings results for the first quarter ended March 31, 2014. For the quarter on group basis, total interest income and similar income was NOK 1,245,518,000 against NOK 1,070,151,000 a year ago. Operating result was NOK 304,036,000 against NOK 317,551,000 a year ago. Profit after tax was NOK 218,154,000 against NOK 232,330,000 a year ago. Net cash in flow from operating activities was NOK 1,329,939,000 against net cash out flow from operating activities of NOK 1,998,795,000 a year ago. Net payments on purchase of fixed assets etc. were NOK 55,516,000 against 20,030,000 a year ago. For the quarter on parent basis, total interest income and similar income was NOK 879,653,000 against NOK 755,121,000 a year ago. Operating result was NOK 252,344,000 against NOK 252,599,000 a year ago. Profit after tax was NOK 183,353,000 against NOK 183,379,000 a year ago. Net cash in flow from operating activities was NOK 1,495,948,000 against net cash out flow from operating activities of NOK 1,023,958,000 a year ago. Net payments on purchase of fixed assets etc. were NOK 26,627,000 against 155,095,000 a year ago. For the year ending December 31, 2014, the estimated average annual tax rate used is 27%.

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