Santander Share - Banco Santander

Transcription

GLOBAL MARKETS
& TRENDS
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
U.S. ECONOMY
OVERVIEW
SOURCE COMMUNICATION
SHAREHOLDER
NEWS & OFFERS
AUGUST 2010 – Monthly Report
Scrip Program. Choose how you want to receive
your dividend.
Santander will once again offer its ADR Shareholders the chance to
receive the remuneration equivalent to the upcoming November
dividend in cash or newly issued Santander ADRs.
In 2009, Santander for the first time offered its ADR holders the possibility
to decide how they preferred to receive the remuneration equivalent to the
quarterly, November dividend. Based on the popularity of the new structure the
board of directors proposed at Santander’s 2010 Annual Shareholders Meeting
to continue to offer the Scrip Program and to once again give Shareholders
the opportunity to choose how they would like to receive the remuneration
equivalent to their upcoming November dividend: cash, newly issued ADRs or
sell their rights in the market.
E-BRIEF
A M O N T H LY S H A R E H O L D E R E - N E W S R E P O R T
Santander’s flexible Scrip Program enables ADR holders to choose a payment
alternative that best fits their respective investment goals. Shortly before the
Continued on page 4.
Santander Share
SANTANDER AND OTHER LEADING BANKS*
YEAR (%)
2009
MARKET
CAPITAL ($)
-5.83
-24.82
53.64
210,638.22
0.85
-2.72
-4.06
56.87
191,633.32
9.87
10.14
-2.62
-13.73
36.13
173,859.47
36.36
40.28
-9.73
-12.74
32.16
144,173.48
AGRICULTURAL BANK OF CHINA
0.39
0.41
-4.09
-
-
130,125.45
BANK OF CHINA LTD
0.50
0.53
-4.77
-7.21
98.03
125,206.87
BANK OF AMERICA CORP
12.46
14.04
-11.25
-17.26
6.96
125,021.71
WELLS FARGO & CO
23.55
27.73
-15.07
-12.75
-8.45
123,247.15
3.71
4.10
-9.54
12.05
-50.67
107,462.82
BANCO SANTANDER
11.73
13.01
-9.79
-29.15
73.84
96,553.08
ITAU UNIBANCO BANCO
16.71
17.22
-2.98
-2.97
105.81
87,463.97
BNP PARIBAS
62.65
68.78
-8.91
-21.80
95.29
75,060.95
0.68
0.78
-12.79
45.02
-34.51
74,513.80
136.93
150.82
-9.21
-18.90
100.07
74,014.72
1.07
1.09
-1.94
30.22
-10.15
72,646.75
11.69
12.77
-8.46
-28.89
VALUE
8/31/10
7/30/10
IND & COMM BANK OF CHINA
0.60
0.64
CHINA CONSTRUCTION BANK
0.83
HSBC HOLDINGS PLC
JPMORGAN CHASE & CO
CITIGROUP INC
ROYAL BANK OF SCOTLAND GROUP
GOLDMAN SACHS
LLOYDS BANKING GROUP PLC
ADR SANTANDER
MONTH (%)
73.23
Share price in the New York Stock Exchange
Source: Bloomberg
* Share price in main market converted to U.S. dollars
U.S. SHAREHOLDERS OFFICE
1
E-BRIEF
www.santander.com /shareholders
A Shareholder Source Communication
AUGUST 2010
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Global Markets
U.S. INDEX
VALUE
CHANGE
Month (%)
8/31/10
Dow Jones Ind. Avg
CHANGE
Year (%)
CHANGE
2009 (%)
10,014.72
-4.31
-3.96
18.82
S&P 500
1,049.33
-4.74
-5.90
23.45
Nasdaq Financial
1,791.43
-9.17
-10.56
1.29
Nasdaq
2,114.03
-6.24
-6.84
43.89
CHANGE
Year (%)
CHANGE
2009 (%)
Source: Bloomberg
GLOBAL INDEX
CHANGE
Month (%)
VALUE
8/31/10
IBEX-35
10,187.00
-2.98
-14.68
29.84
CAC-40
3,490.79
-4.18
-11.32
22.32
NIKKEI
8,824.06
-7.48
-16.33
19.04
DAX-XETRA
5,925.22
-3.62
-0.54
23.85
FTSE 100
5,225.22
-0.62
-3.47
22.07
Source: Bloomberg
Trends
150
100
Base 100: August, 2009
50
08/31/09
S&P 500
10/13/09
SANTANDER
11/24/09
JP MORGAN
01/08/10
BANK OF AMERICA
02/23/10
WELLS FARGO
04/07/10
05/19/10
07/01/10
08/31/10
GOLDMAN SACHS
Source: Bloomberg
2
E-BRIEF
A Shareholder
Source Communication
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
U.S. Economy Overview
Economic Update
August brought more ammunition to those who feared
the US economy would slip back into recession. Claims for
unemployment benefits rose more than expected, housing
data painted an ongoing grim picture of the residential
market, as single-family home construction fell to the lowest
level in more than a year. The larger existing home market
fared even worse, as the end of the government tax credit
dragged sales to the slowest pace in nearly a decade.
Countering the bad news was the Federal Reserve’s release
of its latest survey of senior bank lending officers. For the
first time since late 2006, the Fed reported that banks were
easing lending standards for small businesses. In addition to
the encouraging bank lending survey, industrial companies
continue to ramp up activity. Over the past three months,
output at factories, mines and utilities has increased by a
hefty 8.4% annual rate. Shipping by truck, rail and boat
continues to grow, reflecting healthy global demand.
We think it is too soon to throw in the towel on the stumbling
recovery and are not in the camp that fears a “double-dip”
recession. Additional bright spots include rising commodity
prices, global trade numbers, temporary employment, auto
sales, and an accommodative Federal Reserve, all of which
lead us to believe that despite the gloomy economic forecasts
out there, the US economy should grow between 3% to 4%
over the next 4 quarters.
By: Stephen Andrews,
Senior Vice President, Sovereign Treasury Group
Financial Indicators
Interest Rates %
August 20
Week Ago
Month Ago
Year Ago
3-month Treasury bill
0.15
0.15
0.15
0.16
6-month Treasury bill
0.18
0.18
0.19
0.25
3-month LIBOR
0.33
0.37
0.49
0.39
2-year Treasury note
0.49
0.53
0.58
1.09
1.44
1.45
1.72
2.56
2.61
2.68
2.99
3.57
30-year Treasury bond
3.65
3.86
4.01
4.37
Commodities
July 23
Gold ($ per troy ounce)
Oil ($ per barrel) - Crude Futures (Nymex)
Week Ago
Month Ago
1,229.10
1,216.70
1,186.50
73.46
75.37
79.97
Year Ago
955.50
73.86
Economic Indicator (Latest Month/Quarter)
Housing Starts (June) - 000s of units
July 23
546.00
Month Ago
2 Months Ago
6 Months Ago
537.00
588.00
598.00
Source: Sovereign Treasury Group
3
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A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Group News
Continued from page 1
Scrip Program. Choose how you want to receive your dividend.
usual November dividend payment date, Santander will issue
one right for every share of Santander outstanding. The
value of each right will be the equivalent to the amount of
the November dividend. ADR holders will be able to instruct,
as applicable, their broker or J.P. Morgan, as depositary of
Santander’s ADR program, to convert the rights according to
three options:
to receive a cash dividend. (Spanish tax
withheld at a rate of 19%.)
<Continue
<Receive new ADRs. (No Spanish tax withheld.)
<Sell rights in the market. (No Spanish tax withheld.)
Questions about the Scrip Program? Please contact our
information agent D.F. King & Co. Inc., at 1.800.735.3107.
You may also find the brochure online at santander.com/
shareholders. On the site you will also find a useful Q&A
document and other relevant information.
An Outstanding and Consistent Performance Throughout the Crisis
The digital publication Invertia.es recently published an article
which provided a complete review of the trajectory and
results of Banco Santander in the last three years, as well as
a comparison with its direct competitors on the market. The
following are the main aspects highlighted in the article:
According to recent figures published by Bloomberg,
Santander’s returns, in terms of its stock market performance
and dividends, stand at -0.11% over the last three years,
which represent “almost positive total returns (-0.11%)”. The
key to this result is, according to the article, that Santander
is “a conservative bank that does not invest in sophisticated
products, which has enabled it to notch up constant profits
and expand its presence in key markets”.
With the exception of the last quarter in 2008, Santander
has accumulated 12 consecutive quarters with net profits
in excess of EUR 2 billion. “Recurrence in the generation of
earnings makes it one of the winners of this crisis, and one of
the few banks that has maintained a payout of 50%”.
Over these last few years, Santander has also made acquisitions
in key markets such as Brazil (Banco Real); the UK (Alliance &
Leicester, Bradford & Bingley, and the Royal Bank of Scotland’s
high street network); and the USA (Sovereign).
4
E-BRIEF
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Santander | Sovereign News
Moody’s Raises Sovereign Bank Rating Outlook to Stable
Moody’s Investors Service has raised its rating on Sovereign
Bank to stable, citing the bank’s return to profitability,
improved capital ratios and signs of stabilization in its asset
quality.
deterioration in its commercial real estate, home-equity,
indirect auto and Alternative A home mortgage loan
portfolios. The rating agency also raised its outlook on
Sovereign Real Estate Investment Trust to stable.
Moody’s said it believes Sovereign Bank’s capital is
enough to cover possible credit costs resulting from more
Corporate Banking Maps Out Plan for Second Half
Recently, leaders from Sovereign’s Corporate Banking Team
joined together to map out future goals and strategies
during a two-day forum held in Philadelphia. The meeting
highlighted the team’s progress during the first half of
the year with a strategic view of the market and growth
opportunities.
Ed Morata, head of Corporate Banking and Larry Delp, MidAtlantic Market Executive kicked off the meeting, with a call
to action that energized team members about future growth
prospects and the strategic direction of the organization.
In addition, during the session, market and regional office
executives and product partners led roundtable discussions,
with a focus on market forecasts, product overviews and
tactics to optimize client relationships and opportunities.
“A very open and constructive dialogue took place among
participants, highlighting crucial components of cross-selling,
account planning, and product and process enhancements –
all centering on building and growing client relationships,”
said Ed Morata.
Sovereign Makes Getting Term Life Insurance Super EZ
In the event of a tragedy, life insurance can help protect
loved ones from adding financial hardship to the feeling
of grief they are already experiencing. To help Sovereign
customers secure their family’s financial future, Sovereign
Protection Services has partnered with Vantis Life to offer
Super EZ Life Insurance.
Available in 10, 15 and 20-year terms, Super EZ Life Insurance
can be customized to fit any lifestyle. Policies are available
for coverage from $25,000 to $150,000 depending on the
length of the term. Super EZ Life Insurance is perfectly suited
to cover financial obligations such as mortgages or personal
loans in the case of death.
By answering only six simple questions, customers can quickly
and easily apply for coverage. No medical exam required and
customers receive an electronic response within 10 minutes.
All policies are guaranteed renewable to age 85 and can
5
E-BRIEF
be converted to permanent life insurance coverage without
evidence of insurability.
Rita Costanzo, Personal Banking Representative at the
Staten Island Mall Branch in Staten Island, New York, was
the first Sovereign team member to sell the new Super EZ
Life Insurance coverage. According to Costanzo, Super EZ
is an easy product to sell because of what it can do for the
customer.
“I have a long time customer who had asked about term life
insurance in the past,” Costanzo said. “Right away, I knew
that it fit her needs exactly, so I called her and after a quick
and easy process, we had a quote with all of the different
options available to her.”
The product is sold at Sovereign Branches through Licensed
Bank Employees. Customers can also apply online at
sovereignbank.com or by calling 1-866-QUOTE-4-U.
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Shareholder News & Offers
ID Protector
Identity theft is on the rise. According
to a 2010 survey by Javelin Strategy
and Research, nearly 11 million
Americans became victims of identity
theft in 2009—a 12% increase from
the previous year—accounting for
$54 billion in losses. These numbers are truly alarming.
Santander is therefore introducing a new offer to our ADR
shareholders, the Sovereign IdentityProtector.
Once enrolled in Sovereign IdentityProtector, you’ll have
the comprehensive tools and support you’ll need to avoid
becoming another statistic. Through detection, prevention,
interception and resolution the program offers several ways
to stay on top of the game. The product comes to the U.S.
Shareholders at a discounted rate and signing up for it is
easy, just call 1.800.605.9883.
Don’t let anyone destroy your good name. For more
information on Sovereign IdentityProtector and to
learn more about the product features, please visit
santander.com/shareholders and click on the products tab
on the left.
Discounted Rates at Hilton Hotels in Boston and Philadelphia
for Santander’s U.S. shareholders
The U.S. Shareholders Office is pleased to offer a new service which will allow our Shareholders to enjoy hotel
accommodations at discounted rates.
The Hilton Boston Hotel (Financial District) and Embassy Suites Hotel in downtown Philadelphia offer an exceptional service
to our shareholders: at any given time, all Santander ADR shareholders will receive exclusive rates anywhere
between 60%-65% off at the Hilton Boston Hotel (Financial District) and 29%-50% discount at Embassy Suites
Hotel in downtown Philadelphia.
Shareholders will also receive free high-speed wireless internet access and complimentary continental breakfast
during their stay.
Shareholders are encouraged to call the hotels in advance and identify themselves as Santander shareholders when booking
a room. Your Santander shareholder status will suffice to take advantage of these discounts.
2010 Hilton Boston (Financial District) Rates for
Santander shareholders
Rates subject to 14.45% occupancy tax.
April 1 – September 6.............................$185
September 7 – November 18..................$205
November 19 – December 31.................$115
Reservation Contact: Maggie Moran
Phone: 617.348.1247
Email: maggie.moran@hilton.com
Hotel Address: Hilton Boston Financial District 89
Broad Street, Boston MA 02110
2010 Philadelphia Embassy Suites Hotel Rates for
Santander shareholders
Rates subject to 15.20% occupancy tax.
Standard Rooms (year round).$149
Reservation Contact: Andy Teutsch
Phone: 215.561.8824
Email: ateutsch@embassysuitesphila.com
Hotel Address: Embassy Suites Philadelphia Center City,
1776 Benjamin Franklin Parkway, Philadelphia, PA 19103
Note: Above room rates are quoted at a double
occupancy per room, per night.
Santander is not liable for any rate changes and does
not guarantee room availability.
6
E-BRIEF
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Shareholder News
Celebrate the Holidays with the Santander U.S. Shareholders Office
This Holiday Season, the U.S. Shareholders office is once
again offering Santander ADR holders, their children and
grandchildren, the opportunity to participate in the 2010
ArtShare Holiday Card Competition.
original, free-hand drawing depicting a festive Holiday
scene that directly or indirectly encompasses at least one
of the corporate values of Santander: Dynamism, Spirit,
Ethics, Strength, Innovation and Leadership.
Shareholders are encouraged to participate in this special
Holiday contest. Holiday card designs should be an
Great prizes will be awarded to the top designs in four
age groups:
16” Kids Bicycle with
youth safety accessory kit
Nintendo Wii Console
Sony Portable Touch
Edition Reader
Apple iPad 16 GB
Ages 5 and under
Ages 6-12
Ages 13-17
Ages 18 and over
The competition will run from August 23 to October 6.
Winners will be announced in October and will be
published in the “Shareholders” section of the corporate
website. The top 50 finalists will go on to be automatically
entered in a Santander World Competition, going up
against designs from Shareholders around the globe.
To enter: Designs must be drawn free-hand on paper,
and should be no larger than 8 ½ x 11. Artist details MUST
be submitted on a separate sheet of paper including
artist’s NAME, ADDRESS, TELEPHONE NUMBER, AGE &
PARENTAL CONSENT (minors). Entries must be received
in office no later than October 6, 2010.
7
E-BRIEF
All original artwork should be mailed to:
Santander U.S. Shareholders Office
Holiday Card Competition
MA1-SST-04-15
75 State Street
Boston, MA 02109
For a complete list of rules and regulations, please visit
our website at santander.com/shareholders. Questions
or comments can be emailed to artshare@santander.us.
The U.S. Shareholders Office looks forward to receiving
beautiful and festive artwork from our ADR shareholders!
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
Text Alerts — A Complimentary Service to Santander ADR Shareholders
The U.S. Shareholders Office is pleased to announce the opportunity to now
receive text message alerts regarding dividends, results and other Santander news
related to being an ADR Shareholder — completely free of charge.
How it works: It is easy to receive the latest alerts from the U.S. Shareholders
Office. Simply text SAN to 70650 to be enrolled in this new service. Standard
text messaging rates apply to all inbound text messages. All alerts received from
Santander are free to end user. To opt-out of future text alerts at any time, text
STOP to 70650.
Shareholders with foreign cell phone numbers may opt-in to receive FREE text messages by e-mailing us at
shareholders@santander.us. Opt-out requests are handled via e-mail as well.
Early Bird Shareholders – Join us for breakfast in the Boston Area!
The U.S. Shareholders Office will be taking Shareholders out for breakfast on the third Thursday of every month. Shareholders
who live in, or around, Boston and who are interested in joining us for a nice breakfast may contact us at 617.757.5770. We
would love to hear from you.
Upcoming breakfasts at the Newton Marriot Hotel (2345 Commonwealth Avenue, Newton, MA) will be held on the following
days: September 16, October 21, November 18 and December 16 from 8:00 a.m. to 9:30 a.m.
Contact Information
For more information, please contact our Shareholders Office
Phone:
Web:
E-mail:
santander.com/shareholders
shareholders@santander.us
(Boston)
617.757.5770
(New York)
212.297.1385
If you are directly registered at J.P. Morgan, our sole depositary entity in the U.S., any question on your account, price quote, trading, net dividends paid and any other
administrative question, should be addressed to the Call Center for Santander ADR holders at J.P. Morgan at 1-888-810-7456 or at jpmorgan.adr@wellsfargo.com.
If shares are not directly registered at J.P. Morgan, you should contact the entity (bank or broker) where your holding was deposited.
8
E-BRIEF
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009
GLOBAL MARKETS
& TRENDS
9
E-BRIEF
U.S. ECONOMY
OVERVIEW
GROUP NEWS &
SANTANDER |
SOVEREIGN NEWS
SHAREHOLDER
NEWS & OFFERS
A Shareholder
AUGUST
A Shareholder
| APRIL 2010
2009

Santander Share - Banco Santander

Transcription

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