Santander Chairman Botin Targets Profitable Growth in U.S.

The transcript discusses Santander's strategy in the US market, focusing on overcoming legacy issues and leveraging global relationships. It highlights the potential for growth through remittances and consumer value, debating whether to expand or sell the US bank. The importance of brand awareness and organic growth is emphasized, along with innovative plans like blockchain-based payments. The overall goal is to improve profitability and maintain investor satisfaction.

What is the primary reason the bank is now ready to grow in the US market?

• They have acquired a new bank.

• They have resolved legacy issues.

• They have reduced their assets.

• They have increased their employee count.

What strategic choice does the bank face regarding its US operations?

• Expand into Asia or Europe.

• Invest in the brand or sell the US bank.

• Increase employee count or reduce assets.

• Focus on digital banking or traditional banking.

What is the bank's target return on tangible equity over the next couple of years?

• 15%

• 12%

• 10%

• 8%

What is one of the new services the bank plans to launch in the US?

• A blockchain-based payment system.

• A new credit card.

• A mortgage refinancing program.

• A savings account with high interest.

How does the bank plan to improve its brand awareness?

• By launching a new advertising campaign.

• By putting its name on a stadium.

• By sponsoring a sports team.

• By branding jetways around the world.