Santander Establishes Two New International Enterprises for Retail and Customer Units

Santander Bank has announced that it will be consolidating its retail, industrial, and customer activities worldwide. The consolidation will involve the creation of two new international companies: Retail and Industrial, and Digital Customer Bank. This move is intended to align Santander’s operations with its present international model and strategic ambitions. The bank aims to add 40 million new buyers by 2025 and enhance its return on tangible equity to 15-17%. With these alterations, Santander appears to advance its position in the market place and realize lengthy-term development.