A Merril Lynch report states that the exposure to Greece is around €200 million. However there is considerable exposure to Portugal:
The net assets of Santander’s Portuguese subsidiary, Totta, totalled €2.7bn which compares with Santander’s group equity of €74bn. Totta’s total balance sheet is around €46bn. BBVA’s Portugual operations by contrast do seem to us de minimis. CredAg and La Caixa also have minority stakes in Portuguese banks
(BES and BPI respectively).
Source: Merril Lynch
Really good blog post, I count on updates by you.
And where is the facebook like link ?
Santander on Latam market potential:
http://www.santander.com/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1265283597608&cachecontrol=immediate&ssbinary=true&maxage=3600
Santander 2010 annual review
http://www.santanderconsumer.de/media/pdf/gesch_ftsberichte/Annual_Review_2010.pdf
Santander set to challenge UK’s big banks
http://www.liverpooldailypost.co.uk/liverpool-news/regional-news/2011/04/28/santander-set-to-challenge-uk-s-big-banks-92534-28598799/
Santander Consumer Finance credit opinion from Moody´s
http://www.santanderconsumerfinance.com/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1205456127109&cachecontrol=immediate&ssbinary=true&maxage=3600
Santander Brazil
http://www.google.com/url?sa=t&source=web&cd=20&ved=0CHsQFjAJOAo&url=http%3A%2F%2Fceoconference.btgpactual.com%2Fdownloads%2Fbtg_conf2011_BANCOSSANTANDER.pptx&rct=j&q=santander%20franchise%20integration&tbs=qdr%3Ay&ei=-phoToCIA4jtOcChgN0L&usg=AFQjCNExfQkJW78WodlAkRWCITJAtKe-pg&sig2=XG2li5n11AZma2HPxnlbcg&cad=rja
You Can Bank on It – a White Paper by GMO´s Richard P. Mattione on Euro banks´ capital need:
http://www.scribd.com/fullscreen/75516666
anyone knows what’s the NAV for SAN?