September 21, 2014 2:12 PM ET

Banks

Company Overview of Santander Consumer Bank AS

Company Overview

Santander Consumer Bank AS provides various banking services. The company offers savings accounts, car and leisure finance, credit cards, and consumer loans. It has branches in Sweden and Denmark, as well as operates in Norway and Finland. The company is headquartered in Lysaker, Norway. Santander Consumer Bank AS is a subsidiary of Santander Consumer Finance S.A.

Strandveien 18

PO Box 177

Lysaker,  1325

Norway

650 Employees

Phone:

47 21 08 30 00

Fax:

47 21 08 33 68

Key Executives for Santander Consumer Bank AS

Chief Executive Officer and Director
Chairman and Managing Director
Chairman of Control Committee
Deputy Chairman of Control Committee
Deputy Chairman of Control Committee
Compensation as of Fiscal Year 2014.

Santander Consumer Bank AS Key Developments

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the Six Months and Second Quarter Ended June 30, 2014; Provides Earnings Guidance for 2014

Santander Consumer Bank AS announced group and parent earnings results for the six months and second quarter ended June 30, 2014. For the six months, on the group basis, the company reported total interest income and similar income of NOK 2,585,797,000 against NOK 2,175,159,000 a year ago. Total commission income and income from banking services was NOK 134,467,000 against NOK 157,167,000 a year ago. Total other operating income was NOK 18,397,000 against NOK 18,155,000 a year ago. Operating result was NOK 536,014,000 against NOK 683,110,000 a year ago. Profit after tax was NOK 381,977,000 against NOK 498,997,000 a year ago. For the six months, on the parent basis, the company reported total interest income and similar income of NOK 1,879,670,000 against NOK 1,515,422,000 a year ago. Total commission income and income from banking services was NOK 181,616,000 against NOK 194,613,000 a year ago. Total other operating income was NOK 13,513,000 against NOK 12,810,000 a year ago. Operating result was NOK 437,511,000 against NOK 536,527,000 a year ago. Profit after tax was NOK 315,584,000 against NOK 387,172,000 a year ago. For the quarter, on the group basis, the company reported total interest income and similar income of NOK 1,340,279,000 against NOK 1,105,008,000 a year ago. Total commission income and income from banking services was NOK 45,350,000 against NOK 93,727,000 a year ago. Total other operating income was NOK 8,961,000 against NOK 9,528,000 a year ago. Operating result was NOK 231,979,000 against NOK 365,559,000 a year ago. Profit after tax was NOK 163,823,000 against NOK 266,667,000 a year ago. Net cash outflow from operations was NOK 1,144,908,000 against NOK 246,882,000 a year ago. Purchase of fixed assets was NOK 112,886,000 against NOK 46,550,000 a year ago. For the quarter, on the parent basis, the company reported total interest income and similar income of NOK 1,000,017,000 against NOK 760,301,000 a year ago. Total commission income and income from banking services was NOK 64,487,000 against NOK 107,558,000 a year ago. Total other operating income was NOK 6,794,000 against NOK 6,534,000 a year ago. Operating result was NOK 185,167,000 against NOK 283,929,000 a year ago. Profit after tax was NOK 132,231,000 against NOK 203,793,000 a year ago. Net cash outflow from operations was NOK 3,263,135,000 against NOK 228,558,000 a year ago. Purchase of fixed assets was NOK 46,665,000 against NOK 61,088,000 a year ago. The group expects earnings to increase in 2014, at a slower rate than previous years. The company expects relative higher growth in unsecured lending vs. auto finance, which will to some extent increase margins.

Santander Consumer Bank AS Announces Group and Parent Earnings Results for the First Quarter Ended March 31, 2014; Provides Tax Rate Guidance for the Year Ending December 31, 2014

Santander Consumer Bank AS announced group and parent earnings results for the first quarter ended March 31, 2014. For the quarter on group basis, total interest income and similar income was NOK 1,245,518,000 against NOK 1,070,151,000 a year ago. Operating result was NOK 304,036,000 against NOK 317,551,000 a year ago. Profit after tax was NOK 218,154,000 against NOK 232,330,000 a year ago. Net cash in flow from operating activities was NOK 1,329,939,000 against net cash out flow from operating activities of NOK 1,998,795,000 a year ago. Net payments on purchase of fixed assets etc. were NOK 55,516,000 against 20,030,000 a year ago. For the quarter on parent basis, total interest income and similar income was NOK 879,653,000 against NOK 755,121,000 a year ago. Operating result was NOK 252,344,000 against NOK 252,599,000 a year ago. Profit after tax was NOK 183,353,000 against NOK 183,379,000 a year ago. Net cash in flow from operating activities was NOK 1,495,948,000 against net cash out flow from operating activities of NOK 1,023,958,000 a year ago. Net payments on purchase of fixed assets etc. were NOK 26,627,000 against 155,095,000 a year ago. For the year ending December 31, 2014, the estimated average annual tax rate used is 27%.

Santander Consumer Bank AS Reports Consolidated and Company Earnings Results for the Year Ended December 31, 2013

Santander Consumer Bank AS reported consolidated and company earnings results for the year ended December 31, 2013. For the year, on company basis, the company reported total interest income and similar income of NOK 3,364,496,000 against NOK 3,177,729,000 a year ago. Net interest and credit commission income was NOK 2,261,754,000 against NOK 2,030,835,000 a year ago. Total commission income and income from banking services was NOK 417,078,000 against NOK 304,184,000 a year ago. Total other operating income was NOK 27,232,000 against NOK 32,766,000 a year ago. Operating result was NOK 1,098,347,000 against NOK 959,125,000 a year ago. Profit after tax was NOK 808,534,000 against NOK 688,522,000 a year ago. Total comprehensive income of the year, net of income tax was NOK 707,643,000 against NOK 684,482,000 a year ago. Net cash flow used in operating activities was NOK 1,363,701,000 against net cash from operating activities of NOK 3,500,320,000 a year ago. Payments on purchase of fixed assets were NOK 6,375,581,000 against NOK 5,650,465,000 a year ago. For the year, on group basis, the company reported total interest income and similar income of NOK 191,299,000 against NOK 165,224,000 a year ago. Net interest and credit commission income was NOK 3,023,326,000 against NOK 2,647,420,000 a year ago. Total commission income and income from banking services was NOK 345,599,000 against NOK 255,731,000 a year ago. Total other operating income was NOK 39,191,000 against NOK 41,892,000 a year ago. Operating result was NOK 1,392,500,000 against NOK 1,135,673,000 a year ago. Profit after tax was NOK 1,016,043,000 against NOK 826,989,000 a year ago. Total comprehensive income of the year, net of income tax was NOK 993,495,000 against NOK 839,107,000 a year ago. Net cash flow used in operating activities was NOK 10,673,760,000 against NOK 1,510,839,000 a year ago. Payments on purchase of fixed assets were NOK 6,587,049,000 against NOK 6,227,414,000 a year ago.

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