Banco Santander Uruguay

Santander Uruguay
TypeSubsidiary
Banco Santander S.A
IndustryFinancial services
Founded1979 (1979)
HeadquartersMontevideo, Uruguay
Number of locations
88 (2025)[1]
Key peopleGustavo Trelles (CEO)[2]
ProductsBanking, Insurance
Total assetsUYU 309.2 billion (2023)
(USD 7.73 billion)[3]
ParentBanco Santander
Websitesantander.com.uy

Banco Santander Uruguay is a commercial bank and financial services company in Uruguay and a subsidiary of the Spanish Banco Santander.[4] Established in 1979, it is one of the largest private banks in the country.[5]

History

Banco Santander Uruguay entered the Uruguayan financial market in 1979.[6] In 1982, the institution formerly known as Bancos del Litoral Asociados, which operated a network of nineteen branches across the country, was acquired by Banco Santander and subsequently began operating under its current name.[7][8]

In 2008, the group further expanded its presence through the acquisition of the Uruguayan subsidiary of the Dutch bank ABN AMRO, consolidating its position as one of the largest private banks in the country.[9][10] In 2012, it acquired the Uruguayan financial company and credit administrator Creditel.[11]

In 2025, it established its Santander Private Banking division.[12]

See also

References

  1. ↑ "Gustavo Trelles: "La gente piensa que los bancos ganan en las crisis, pero si hay crisis los bancos no cobran"" (in Spanish).
  2. ↑ "Gustavo Trelles: "La gente piensa que los bancos ganan en las crisis, pero si hay crisis los bancos no cobran"" (in Spanish).
  3. ↑ "INFORME SOBRE CAPITAL, GESTIÓN DE RIESGOS Y OTROS REQUISITOS PRUDENCIALES (PILAR III- DISCIPLINA DE MERCADO)" (PDF) (in Spanish).
  4. ↑ "Santander: cuatro décadas de historia y apoyo al país". EL PAIS (in Spanish). 2022-10-30. Retrieved 2026-06-13.
  5. ↑ Durán, María Noel. "Fue feriante, hizo carrera en grupo Santander y ahora lidera al banco privado más grande del Uruguay en su 40º aniversario". El Observador (in Spanish). Archived from the original on 2025-07-25. Retrieved 2026-06-13.
  6. ↑ "GSCH - Uruguay - Banco Santander - Información". www.santander-infocash.com. Archived from the original on 2008-04-05. Retrieved 2026-06-13.
  7. ↑ historico.espectador.com (2012-10-04). "Jorge Jourdan (Santander): "Lo mejor que pasó en estos 30 años en el banco es que hemos sido diferentes, ni mejores ni peores, diferentes"". HISTORICO.ESPECTADOR.COM (in Spanish). Retrieved 2026-06-13.
  8. ↑ "Banco Santander - Directorio de servicio para el inversor". XXI (in Spanish). Archived from the original on 2022-07-11. Retrieved 2026-06-13.
  9. ↑ "Santander anunció oficialmente fusión en Uruguay con el holandés ABN Amro". EL PAIS. 2008-01-15. Retrieved 2026-06-13.
  10. ↑ "Santander y ABN". Montevideo Portal (in Spanish). Retrieved 2026-06-13.
  11. ↑ Dobal, Marcela (2011-06-02). "Santander compra a Creditel y le proveerá fondeo para dar créditos". EL PAIS. Retrieved 2026-06-13.
  12. ↑ "Santander Private Banking llega a Carrasco con una propuesta renovada". Montevideo Portal (in Spanish). Retrieved 2026-06-13.
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