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Created before Nov 2016
Last update: 2020-02-11 16:16:39

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Banco Santander head office. Photo: Author Year of the dragon via Wikimedia Commons (CC-BY-SA 3.0)

About Banco Santander

Banco Santander, founded in 1857, is a Spanish bank and the fifth largest bank in Europe in terms of assets. The bank has expanded since 2000 through a number of acquisitions and has operations across Europe, Latin and North America America and Asia. Together with its subsidiaries, it provides various retail and commercial banking products and services for both individual and business clients. In June 2017 Banco Santander acquired Banco Popular Espagñol (on record profile).

Website	http://www.santander.com
Headquarters	Santander Group City. Avda. de Cantabria s/n 28660 Boadilla del Monte, Madrid Spain
CEO/chair	Mr. José Antonio Álvarez Álvarez CEO
Supervisor	Banco de España
Annual report	Annual report 2018
Ownership	listed on Bolsa de Madrid, Borsa Italia, Brazil Stock Exchange, London Stock Exchange & NYSE Euronext Banco Santander's share holder structure can be accessed here.
Subsidiaries	Banco Popular Espanol – Spain (profile)

Related Dodgy Deals

Banco Santander has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure

Debt – corporate loan

USD 20 million

26 May 2016 - 26 May 2021

Part finance of USD 600 million revolving credit facilty

source: Sec.gov
link

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure

Debt – corporate loan

USD 375 million

August 2016

Participation in syndicated loan (revolving credit) of USD 1.5 billion to Duke Energy

source: Duke SEC 10.1
link

Debt – corporate loan

USD 142 million

January 2015

Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy

source: Duke SEC 10.1
link

Punta Catalina-Hatillo coal power plant Dominican Republic profile

energy plants - coal

Debt – project finance

USD 40 million

30 December 2015

There are no active projects for Banco Santander now.

Projects - on record profiles

Block 31, Yasuni National Park Ecuador profile

oil and gas

Uncategorised

Grasberg gold and copper mine Indonesia profile

mining - non coal

Debt – corporate loan

USD 303 million

March 2007

Participation in a $ 10 billion syndicated loan arranged by JP Morgan Chase and Merril Lynch

Debt – corporate loan

USD 45 million

March 2007

for acquisition of other mining group (Phelps Dodge)

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure

Debt – corporate loan

AUD 147 million

5 May 2013

source: link

Jaitapur nuclear power plant India profile

energy plants - nuclear

Approached, interested

MGT Teesside biomass power station United Kingdom profile

energy plants - biomass

Debt – corporate loan

11 August 2016

The bank is providing to the GBP 650 million loan of Macquarie bank.

source: link

Mountain top removal coal mining United States profile

mining - coal

Uncategorised

EUR 121 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 159 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Offshore Detention Centres Australia profile

Immigration detention

Debt – corporate loan

EUR 56.82 million

26 February 2016

Participation in corporate loan to Ferrovial

source: Report Association with abuse

Rio Madeira dams: Jirau and Santo Antonio Brazil profile

energy plants - dams

Uncategorised

In January 2010 Santander sold a 5% equity stake of the special purpose vehicle MESA (Santo AntÃ´nio). In May 2011 Santander reported it was suspending finance for the dam citing environmental and social concerns.

Uncategorised

Coordination of the pool of banks that finance the Santo Antonio dam

Uncategorised

Equator Principles signatory

Advisor

Advising on financing structure of Santo Antonio

Debt – corporate loan

Loan to MESA with specific funding of BNDES for the Santo Antonio dam

SOCAR Aegean Refinery Turkey profile

energy plants - coal | oil and gas

Debt – project finance

USD 37.5 million

January 2015

One of a consortium of 16 banks providing USD 600m uncovered commercial loans with a 15 year tenor.

source: TFR

Companies - active profiles

APRIL Indonesia profile

forestry - pulp and paper

Debt – corporate loan

USD 50 million

25 April 2014

source: Reuters China (25 April 2014)
link

Debt – corporate loan

USD 600 million

December 2011

Syndicated structured pre-export finance

source: Trade Finance Magazine (7 March 2012)

Arauco Chile profile

forestry - pulp and paper

Bond issue – underwriter

USD 125 million

30 April 2019 - 30 April 2049

Bond issue

source: Cbonds.com
link

Bond issue – underwriter

USD 250 million

2018

Underwriting between 2018 and 2019

source: Thomson Reuters Eikon

Debt – corporate loan

USD 45 million

2018

source: Thomson Reuters Eikon

Debt – corporate loan

USD 195 million

2011 - 2017

Loans and underwritings to Arauco between 2011 and 2017

source: Thomson Reuters Eikon, “Corporate events-deals”, viewed in January 2017; Bloomberg, “Loans”, viewed in January 2017; Bloomberg, “Share and Bond issuance underwritings”, viewed in January 2017.

Debt – corporate loan

USD 150 million

2011 - 2017

Loans and underwritings to Arauco between 2011 and 2017 for the Montes del Plata mill.

Klabin Brazil profile

forestry - pulp and paper

Debt – corporate loan

USD 620 million

31 October 2019

Co-financed USD 620 million loan, meant for Klabin's Puma II project.

source: IDB Invest press release
link

Bond issue – underwriter

USD 56 million

27 March 2019 - 27 March 2049

source: Cbonds.com
link

Bond issue – underwriter

USD 100 million

13 September 2017 - 13 September 2027

Bookrunner for USD 500 million Green Bond issuance

source: Latinfinance.com
link

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal

Debt – corporate loan

EUR 950 million

17 September 2018 - 16 December 2022

Co financed EUR 950 million loan agreement

source: PGE Press release
link

Debt – corporate loan

USD 182 million

2014 - 2017

source: BankTrack Coal Developers Report 2017
link

Debt – corporate loan

EUR 22.6 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal

Bond issue – underwriter

EUR 750 million

January 2020

Co-financed EUR 750 million in bonds

source: Cbonds.com
link

Debt – corporate loan

USD 245 million

2014 - 2017

source: BankTrack Coal Developers Report 2017
link

Share issue – underwriter

USD 102 million

2014 - 2017

Combined share and bond issuance underwriting

source: BankTrack Coal Developers Report 2017
link

Uncategorised

EUR 90.2 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 69.3 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Suzano Brazil profile

forestry - pulp and paper

Bond issue – underwriter

USD 83 million

2016 - 2026

The total value of this international Green Bond issuance was USD 500 mln.

source: link

UPM-Kymmene Finland profile

forestry - pulp and paper

Debt – corporate loan

EUR 750 million

March 2020 - March 2025

Co-financed EUR 750 million credit facility

source: UPM-Kymmene
link

Vale Brazil profile

mining - coal | mining - non coal

Bond issue – underwriter

USD 185.19 million

7 February 2017 - 10 August 2026

Via Vale Overseas Ltd.

source: Profundo research Jan 2019

Bond issue – underwriter

USD 250 million

7 June 2016 - 10 June 2021

Via Vale Overseas Ltd.

source: Profundo research Jan 2019

Debt – corporate loan

USD 3 billion

May 2015 - May 2020

Co-financed USD 3 billion credit facility

source: Vale press release
link

There are no active companies for Banco Santander now.

Companies - on record profiles

Alpha Natural Resources United States profile

mining - coal

Uncategorised

EUR 8.7 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 47.3 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Anglo American United Kingdom profile

mining - coal | mining - non coal

Uncategorised

EUR 34 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 57.2 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal

Uncategorised

EUR 67.5 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 23.1 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry

Equity – share owner/manager

EUR 1.2 million

source: Reuters3000 financial database

Debt – corporate loan

EUR 104.9 million

source: Euroweek - Issue: 986; Euroweek - Issue: 990;Euroweek - Issue: 1029;Thomson ONE database.

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas

Debt – corporate loan

EUR 43.1 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Uncategorised

EUR 67.4 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

Principal Manager. Amount not known.

source: Annual Report 2008, BHP Billiton, September 2008.

Eletrobras Brazil profile

Debt – corporate loan

EUR 10.5 million

source: Press release CAF, 18 February 2002;

ENGIE France profile

energy plants - coal | energy plants - dams

Uncategorised

EUR 41.7 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 22.4 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Glencore Switzerland profile

mining - coal

Uncategorised

EUR 84.7 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 381.6 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure

Debt – corporate loan

USD 61 million

2014 - 2017

source: BankTrack Coal Developers Report
link

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry

Uncategorised

EUR 23 million

2005 - 2013

shares/bonds underwriter or manager

source: Banks and Coal Spreadsheet, Profundo, 2014

Debt – corporate loan

EUR 33 million

2005 - 2013

source: Banks and Coal Spreadsheet, Profundo, 2014

Dodgy Deals map

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Assessments

Human rights

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Banco Santander

ESP

1.0010

Spain

Leader

Front runner

Follower

Laggard

Banco Santander's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Follower, with a total score of 3.5 out of 14.

Policy: 2.5/3
Due dilligence: 0.5/5
Reporting: 0.5/3
Remedy: 0/3

For more details, see the BankTrack Human Rights Benchmark 2019.

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About Banco Santander

Related Dodgy Deals

Projects - active profiles

Annova LNG Terminal United States profile

Atlantic Coast Pipeline United States profile

Punta Catalina-Hatillo coal power plant Dominican Republic profile

Projects - on record profiles

Block 31, Yasuni National Park Ecuador profile

Grasberg gold and copper mine Indonesia profile

Great Barrier Reef Coal & Gas Exports Australia profile

Jaitapur nuclear power plant India profile

MGT Teesside biomass power station United Kingdom profile

Mountain top removal coal mining United States profile

Offshore Detention Centres Australia profile

Rio Madeira dams: Jirau and Santo Antonio Brazil profile

SOCAR Aegean Refinery Turkey profile

Companies - active profiles

APRIL Indonesia profile

Arauco Chile profile

Klabin Brazil profile

Polska Grupa Energetyczna (PGE) Poland profile

RWE Germany profile

Suzano Brazil profile

UPM-Kymmene Finland profile

Vale Brazil profile

Companies - on record profiles

Alpha Natural Resources United States profile

Anglo American United Kingdom profile

Arch Coal United States profile

Areva France profile

BHP Billiton Australia profile

Eletrobras Brazil profile

ENGIE France profile

Glencore Switzerland profile

Marubeni Japan profile

Rio Tinto Australia profile

Dodgy Deals map

Show:

Select sectors:

Assessments

News

Campaigners urge Santander to set ambitious timetable for fossil fuel exit ahead of AGM

Global Finance Sector Failing to Apply Conservation Criteria to Pulp and Paper Funding

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

Twenty percent of Dominican Republic territory at risk from fossil fuel auction, banks warned to steer clear

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Aramco IPO: These are the banks and advisers on world's biggest sale

We are letting banks off the hook for financing environmental destruction - that must change

Santander criticised for investments in Polish coal expansion

Santander criticised for investments in Polish coal expansion

How long will Santander continue to profit from Polish coal expansion?

Money to burn

Revealed: major banks and investors including Barclays, JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock are pouring money into global forest destruction

Santander e condenado por metas abusivas e adoecimento mental de bancarios

Global NGOs: Dirty Dozen Companies Driving Deforestation Must Act Now to Stop the Burning of the World's Forests

Responsible banks can't ignore climate change

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

Leak exposes millions of dollars in new payments in Odebrecht cash-for-contracts scandal

Brazilian's public prosecutors office is suing banks for providing credit to companies that are on the slave labour black list

Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems

Fool’s Gold – €16bn for Europe’s biggest climate polluters

Santander’s deep support for fossil fuel industry challenged at bank’s AGM

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Every two weeks a bank, insurer or lender announces new coal restrictions

Six Billion Reasons to Go After the Banks

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Santander move on coal finance welcome but ‘far from enough’ to address its climate impacts, say groups

Principles must bring commitments

Cum-ex tax scandal cost European treasuries €55 billion

Major new coal support loan for Poland's PGE, international bank consortium slammed

Masses march against corruption In Dominican Republic

Banco Santander: The deed of the merger by absorption of Banco Popular Español by Banco Santander has been registered with the Commercial Registry

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

European NGOs challenge Banco Santander climate policy at Annual Meeting

Odebrecht case, Green March and public ministry

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

Operation Car Wash and a coal plant in the Dominican Republic – anti-corruption protestors are not giving up