Santander BanCorp
Santander BanCorp (Santander) is the financial holding company for Banco Santander Puerto Rico. Santander provides commercial, mortgage and consumer banking services. The company offers a variety of financial products such deposits, cards, insurance services, treasury services, asset and wealth management products. The company also offers insurance, securities and asset management services through its subsidiaries. The company provides its services through its subsidiaries in five segments namely, Commercial Banking, Mortgage Banking, Consumer Finance, Treasury and Investments and Wealth Management. The company offers its services to individual, small and medium sized enterprises, financial institutions and corporate customers. The company is headquartered at Hato Rey, San Juan in Puerto Rico.The company reported revenues of (U.S. Dollars) USD 600.77 million during the fiscal year ended December 2008, a decrease of 10.89% from 2007. The operating profit of the company was USD 356.32 million during the fiscal year 2008, an increase of 14.32% over 2007. The net profit of the company was USD 10.53 million during the fiscal year 2008, whereas the company reported a net loss of USD 36.25 million during 2007.
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