Santander BanCorp · Hato Rey, PR United States ·(NYSE: SBP)
Company Description
Phone: 787-777-4100
Fax: 787-766-1437
Toll Free: 800-915-3030
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This link will open in a new window Sea and sand are hallmarks of Puerto Rico's geography, and Santander BanCorp is a hallmark of the island's economy. The holding company owns Banco Santander Puerto Rico, one of the largest banks in the commonwealth, providing commercial, consumer, and mortgage banking services through some 70 branches and more than 150 ATMs on the island, and on the Web. Business loans (about 60% of the bank's loan portfolio) and construction loans (some 20%) dominate the bank's lending activities. Subsidiaries provide securities brokerage, asset management, insurance, consumer lending, and international banking services. It is a subsidiary of Spain's Grupo Santander . To read the full description, subscribe now.
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Key Santander BanCorp Financials
| Company Type | Public - NYSE: SBP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $504.2 |
| 2008 Employees | 1,768 |
Santander BanCorp Executives
25 executives listed for Santander BanCorp's Hato Rey, PR location.
| Title | Name & Bio | Contact |
| Chairman, Santander BanCorp and Banco Santander | Gonzalo de Las Heras | Network |
| President, CEO, and Director, Santander BanCorp and Banco Santander Puerto Rico | Juan Moreno Blanco | Network |
| President, CEO, and Director, Santander BanCorp and Banco Santander Puerto Rico | Nancy Hopp | Network |
Competition
Competitive Landscape for Santander BanCorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Santander BanCorp Competitors
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