April 27, 2018 1:47 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. It provides car and leisure finance; credit cards, consumer loans, and savings products; and financial and operating leasing, as well as 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

1,320 Employees

Phone:

47 21 08 30 00

Key Executives for Santander Consumer Bank AS

CEO & Director
Chairman of the Board & MD
Managing Director of Norway
Managing Director of Denmark
Managing Director of Sweden
Compensation as of Fiscal Year 2017.

Santander Consumer Bank AS Key Developments

Santander Consumer Bank AS Issues Senior Unsecured Notes of NOK 350 million

Santander Consumer Bank AS has issued new senior unsecured 3-year floating rate notes of NOK 350 million, priced at Nibor 3M + 50 bps, maturing February 26, 2021.

Santander Consumer Bank as Issues New Senior Unsecured 5-Year Fixed Rate Notes of EUR 500 Million

Santander Consumer Bank AS announced issuance of new senior unsecured 5-year fixed rate notes of EUR 500 million, priced at MS+38bps, maturing 1 March 2023. The notes are issued under the Santander Consumer Bank AS EMTN programme, with a stand-alone Moody's/Fitch rating of A3/A-.

Santander Consumer Bank AS Reports Group and Bank Earnings Results for the Year Ended December 31, 2017

Santander Consumer Bank AS reported group and bank earnings results for the year ended December 31, 2017. For the year, the group reported total interest income of NOK 7,850 million compared to NOK 7,507 million a year ago. Net interest income was NOK 6,607 million compared to NOK 6,276 million a year ago. Net operating income was NOK 4,171 million compared to NOK 4,298 million a year ago. Profit before tax was NOK 3,995 million compared to NOK 3,250 million a year ago. Profit after tax was NOK 3,055 million compared to NOK 2,442 million a year ago. Allocation of profit after tax transferred to other earned equity was NOK 2,885 million compared to NOK 2,268 million a year ago. Net cash outflow from operations was NOK 8,554 million compared to NOK 1,232 million a year ago. Purchase of fixed and intangible assets was NOK 177 million compared to NOK 160 million a year ago. Book value for fixed assets as at December 31, 2017 was NOK 222 million compared to NOK 203 million a year ago. For the year, the bank reported total interest income of NOK 6,781 million compared to NOK 6,418 million a year ago. Net interest income was NOK 5,630 million compared to NOK 5,357 million a year ago. Net operating income was NOK 3,733 million compared to NOK 4,175 million a year ago. Profit before tax was NOK 3,634 million compared to NOK 3,254 million a year ago. Profit after tax was NOK 2,814 million compared to NOK 2,562 million a year ago. Allocation of profit after tax transferred to other earned equity was NOK 2,644 million compared to NOK 2,388 million a year ago. Net cash outflow from operations was NOK 1,479 million compared to NOK 202 million a year ago. Purchase of fixed and intangible assets was NOK 159 million compared to NOK 142 million a year ago.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
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