H1'22 Financial Results and PagoNxt Highlights
Liquidity and Funding
The Group's business model combines local knowledge with global best practices
through legally, financially and operationally autonomous subsidiaries...
Legal autonomy structure
Dec-21
Banco
Santander
Totta SGPS,
SA
Santander
Santander
UK Group
Holdings
Bank
Polska
Santander S.A.1
Santander
Consumer
Finance²
Santander
Holdings
USA
Banco
Santander
Brasil
Grupo
Financiero
Mexico
Banco
Santander
Chile
Banco
Santander
Argentina
▸ Legal autonomy: There are no legal commitments that entail financial support.
▸ Financial autonomy: Financial interconnections are limited and at market prices.
▸ Operational autonomy: Shared services are limited and carried out through autonomous factories. Access to FMIs through other Group
entities is very limited.
(1) Santander Perú, Santander Uruguay and Santander Colombia do not appear on the graph due to their size. Waiting for the SRB to authorize these 3 companies to have their own
resolution group.
Santander
(2) Spain Resolution Group headed by Banco Santander, S.A. Includes, among others, SCF.
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