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Santander Establishes Two New International Enterprises for Retail and Customer Units
Santander Bank has announced that it will be consolidating its retail, industrial, and customer activities worldwide. The consolidation will involve the creation of two new international corporations: Retail and Industrial, and Digital Customer Bank. This move is intended to align Santander’s operations with its present international model and strategic ambitions. The bank aims to add 40 million new shoppers by 2025 and improve its return on tangible equity to 15-17%. With these adjustments, Santander appears to advance its position in the marketplace and obtain extended-term development.
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