April 19, 2018 7:05 AM ET

Banks

Company Overview of Santander UK Group Holdings plc

Company Overview

Santander UK Group Holdings plc, together with its subsidiaries, provides a range of banking products and services in the United Kingdom and internationally. The company operates through Retail Banking, Commercial Banking, and Global Corporate Banking segments. The Retail Banking segment provides residential mortgage loans, savings and current accounts, investments, credit cards, personal loans, insurance, and vehicle finance products to individuals and small businesses through a network of branches and ATMs, as well as through telephony, digital, mobile, and intermediary channels. The Commercial Banking segment offers loans, bank accounts, and deposits; and treasury, invoice discounting, ca...

2 Triton Square

Regent's Place

London,  NW1 3AN

United Kingdom

Founded in 1944

19,432 Employees

Phone:

44 87 0607 6000

Key Executives for Santander UK Group Holdings plc

CEO & Executive Director
Age: 56
Chief Financial Officer
Age: 50
Chief Operating Officer
Age: 55
Chief Executive Officer of Santander Private Banking International
Executive Director
Age: 50
Compensation as of Fiscal Year 2017.

Santander UK Group Holdings plc Key Developments

Santander UK Group Holdings plc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Revises Return on Tangible Equity Guidance for the Full Year of 2018; Announces Impairment Losses on Loans and Advances for the Fourth Quarter Ended December 31, 2017

Santander UK Group Holdings plc announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the fourth quarter, the company's net interest income was £925 million against £926 million a year ago. Profit before tax was £246 million against £359 million a year ago. Total operating income was £1,175 million against £1,204 million a year ago. Profit after tax was £163 million against £221 million a year ago. For the year, the company's net interest income was £3,803 million against £3,582 million a year ago. Profit before tax was £1,814 million against £1,914 million a year ago. Adjusted profit before tax was £1,952 million against £2,031 million a year ago. Total operating income was £4,912 million against £4,795 million a year ago. Profit after tax was £1,254 million against £1,317 million a year ago. Adjusted net interest income was £3,764 million against £3,582 million a year ago. Net interest income was up 6%, driven by retail liability margin improvement, partially offset by pressure on new lending margins. Profit before tax was down 5%, primarily impacted by a large credit impairment charge and higher operating expenses. Return on ordinary shareholders’ equity as on December 31, 2017 was 8.9% against 9.6% as at December 31, 2016. Return on Tangible Equity as on December 31, 2017 was 10.2% against 10.9% as at December 31, 2016. For the year 2018, the company revised its guidance upward of Return on Tangible Equity target to 9%-10% from 8%-10%. The company announced impairment losses on loans and advances for the fourth quarter ended December 31, 2017. For the quarter, the company reported impairment losses on loans and advances of £98 million.

Santander UK Group Holdings plc to Report Q4, 2017 Results on Jan 31, 2018

Santander UK Group Holdings plc announced that they will report Q4, 2017 results on Jan 31, 2018

Santander UK Group Seeks Acquisitions

Santander UK Group Holdings plc is seeking acquisitions. Nathan Mark Bostock, Chief Executive Officer and Executive Director of Santander UK Group said, "So -- on M&A, I'm afraid that the same answer as I've given in each call, which is that our strategy is an organic one. We believe we're making good progress against it. Does that mean that we would never consider an acquisition? No, it doesn't. And I think as our chairman has said at the group level, if there were something that actually work against all of the stakeholder requirements, then we would consider it. But it is not our strategy."

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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