Company Overview of Santander UK plc
Santander UK plc, together with its subsidiaries, provides personal financial products and services, and corporate banking services in the United Kingdom and internationally. The company’s Retail Banking segment offers residential mortgage loans, personal loans, savings and current accounts, and credit cards, as well as a range of insurance policies. This segment serves personal banking customers and small businesses through a network of branches and ATMs, as well as through telephony, e-commerce, and intermediary channels. Its Corporate Banking segment provides various banking products and services, including loans, bank accounts, deposits, treasury services, invoice discounting, cash trans...
2 Triton Square
London, NW1 3AN
Founded in 1988
Key Executives for Santander UK plc
Chief Financial Officer and Executive Director
Chief Executive Officer of Santander Private Banking International
Head of UK Banking and Executive Director
Compensation as of Fiscal Year 2013.
Santander UK plc Key Developments
Santander UK plc Appoints Nathan Bostock as Chief Risk Officer and Deputy CEO and as Executive Director
Dec 11 13
Santander UK plc announced that Nathan Bostock will be appointed as Chief Risk Officer and Deputy CEO to Ana Botín and will join the Board of the company as an Executive Director. Nathan spent eight years at the company and its predecessor company Abbey National plc in a variety of roles including as Board Director, CFO, Head of Products and Marketing, and Head of Financial Markets. He has most recently served as Group Finance Director (and previously as Head of Restructuring & Risk) at RBS Group.
Santander UK plc Appoints Manuel Soto as Non-Executive Director
Nov 1 13
Santander UK plc announced the appointment of Manuel Soto as a Non-Executive Director of the Board with immediate effect.
Santander UK plc Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Fiscal Year 2013
Oct 24 13
Santander UK plc reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the nine months, the company reported total operating income of £2,958 million compared to £3,761 million a year ago period. Profit before tax from continuing operations was £891 million compared to £1,040 million a year ago period. Profit after tax for the period was £705 million compared to £827 million a year ago period. Net interest income was £2,151 million compared to £2,105 million a year ago period. Net interest income was 2% higher, largely due to an improved mortgage stock interest margin and increased lending in Corporate Banking.
For the quarter, the company reported total operating income of £997 million compared to £1,642 million a year ago period. Profit before tax from continuing operations was £342 million compared to £350 million a year ago period. Profit after tax for the period was £277 million compared to £277 million a year ago period. Net interest income was £760 million compared to £640 million a year ago period. This increase in net interest income resulted from improving asset stock margins and lower customer deposit and wholesale funding costs.
For the year, the company's operating income is expected to be broadly stable for the rest of 2013. A modest rise in Banking NIM in fourth quarter of 2013 is possible, as the customer interest margin continues to strengthen. In particular, a reduction in the overall cost of retail savings deposits is expected, following the maturity of a number of higher cost products in third quarter of 2013 and fourth quarter of 2013.
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