While the Santander grows through their international businesses, nor neglected their land and has decided to strengthen commercial banking in Spain to win market share, at an opportune time since the Spanish financial system lies with two new areas, going through a restructuring process (mainly the savings banks, many of which are at serious risk of survival). The purpose of the entity is carrying 10% to 15% market share in this segment and a commercial network address from which depend all the territorial, except Madrid, Catalonia, Andalusia and Valencia, and an address of business strategy and business development will be created with the new structure. The strategy of expansion is here attract customers of savings banks, which are facing uncertainty. In addition, as part of its aggressive strategy, Santander has just launched a deposit with an interest of up to 4%: a situation of reduction of the income pie fit two answers. A good defense, with cost reduction and close offices, and/or an attack strategy, gain market share, was what explained Alfredo Saenz, Chief Executive Officer of the group. Read more here: Cyrus Massoumi. This well-distributed growth of Santander is an element that gives strength to the entity as limits their vulnerability to situations of tension in markets in particular.
The very good results that the entity has garnered in 2009 are not a coincidence. Probably, after overcome the turbulence in the Spanish financial system and with the continuity of the growth of the global economy, investors will increase their valuation for the shares of Santander since the entity is well-positioned to continue gaining market and expanding their profits. Horacio Pozzo you can invest in the United States bag from any country in the world and earn additional income. Are you tired of not knowing where to invest your money? In which sector, in which company, in what market, at what time? Tired of paying high commissions to managers of portfolios or portfolio managers who have you done losing money consistently in the last two years?
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