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December 16, 2021

Santander to invest $6bn in technology to bolster Latin American business

Spanish lender Banco Santander has said that it will invest nearly $6bn between 2022 and 2024 to expand and improve its business in Latin America.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
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The bank’s investment will focus on digital transformation and technology infrastructure.

Santander’s investment in the Latin American region is part of its strategy to expand in developing economies, which offer faster growth opportunities than its core markets in Europe.

Notably, the bank’s diversification outside its home market especially in Latin America has helped it deal with unfavourable conditions for banks in Europe after the financial crisis.

The lender stated that 40% of its profits come from Brazil, Mexico, Chile, Argentina, and Uruguay. In Brazil, its return on tangible equity (RoTE) has increased to 22% today from 14% in 2015.

Additionally, the region is home to 80 million of its 152 million customers and half of its 193,000 employees.

Santander executive chairman Ana Botín said: “Latin America is part of our history, of our present and, will be an important part of our future. It has the resources, social capital and experience necessary to prosper and we are committed to supporting the communities, customers and businesses we serve in the region, as we have done for the past three decades.”

Earlier the lender had stated that it invests approximately $5.6bn in digital and technology every year as a group.

Recently, the lender increased its shareholding in its Mexican unit to 96.2% for $385m to strengthen its Latin American operations.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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