Abbey International Jersey parent reports strong growth during Q3

LONDON, ENGLAND, November 10, 2010 (Press-News.org) Santander UK, the parent of Abbey International in Jersey, has reported strong growth figures for Quarter 3 trading, with a 5% growth in revenues, whilst costs have been held flat. At the same time, results released by Santander Group show net interest income growing by 12% and net operating income, defined as the difference between revenue and costs, grew by 4% to EUR17,938. Across the Group, loans grew by 7% and deposits by 28%.

Underpinning the strength of the Group is a focus in geographical diversification, giving the Group a more balanced exposure to worked markets. This pattern has been maintained during Quarter 3, with Continental Europe contributing 37% of profit, of which 17% is represented by Spain, Latin America delivered 42% of Group profit, with Brazil representing 25% of this, whilst the UK contributed 18% and the USA 3%.

With a business model based on offshore multiple currency deposits and banking services, Abbey International's performance figures are included within UK data, where deposits grew by 13% in Sterling terms. Deposits originating in Continental Europe grew by 42%, in Latin America, deposits grew by22%, with Brazil recording a 25% growth in deposits, expressed in Euros.

At the end of September 2010, Banco Santander was still the 10th largest bank in the world and largest in the Euro zone, as measured by stock market value. Santander had 3.1 million shareholders and the Group employed 176,471 staff serving more than 90 million clients through 13,907 branches, making Santander the international financial group with the most shareholders and largest branch network.

For further information on banking with Abbey International in Jersey call + 44 (0)1534 828 828 or log onto http://www.abbeyinternational.com

For further information on banking with Abbey International in Jersey call + 44 (0)1534 828 828 or log onto http://www.abbeyinternational.com

Notes to Editors:

Abbey International is located in Jersey, a secure, well-established and politically stable financial centre, which is renowned internationally for its high standards of regulation. Jersey's unique constitution and relationship with the British Crown dates back hundreds of years. This provides for a unique legal and neutral tax system that can provide significant wealth planning opportunities for the international investor.

Abbey international has a minimum balance entry requirement of GBP50,000 (or currency equivalent) across our portfolio of products. The minimum balance amount can be spread across a range of accounts, subject to the minimum opening deposit for each account being met.

All deposits carry the full and unconditional guarantee of Santander UK plc, itself a wholly owned subsidiary of the Santander Group.

Santander has more than 150 years' experience in banking and more branches worldwide than any other international bank.


About Banco Santander

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with presence in 10 main markets. At the end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit. Founded in 1857, Santander had EUR 1,271 billion in managed funds at the end of 2008. Following the acquisition of Sovereign Bancorp. of the U.S. in January 2009, Santander had 90 million customers, around 14,000 branches - more than any other international bank - and over 170,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In the first half of 2009, Santander registered EUR4,519 million in net attributable profit.

In the UK, Santander operates two retail businesses - Santander, which was formed out of the Abbey and Bradford & Bingley retail network, and Alliance & Leicester. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 25 million customers.

Alliance & Leicester will become known as Santander by the end of 2010.




Media Contacts:
Guy Stephenson/Jennifer Duffy
Nacelle Ltd
020 8333 9125
gstephenson@nacelle.co.uk


Jane Matthews, Abbey International, Head of Client Experience
01534 828137
Jane.matthews@abbeyinternational.com