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15 Facts About Santander UK

1.

Santander UK plc is a British bank, wholly owned by the Spanish Santander Group.

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2.

Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.

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3.

Santander UK is one of the leading personal financial services companies in the United Kingdom, and one of the largest providers of mortgages and savings in the United Kingdom.

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4.

In June 2012, Moody rated Santander UK as being in a more financially healthy position than its parent company, Banco Santander.

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5.

On 9 March 2010, Santander UK sold the investment and asset management business James Hay to IFG Group for £35 million.

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6.

Santander UK has frequently been rated the worst bank for customer service in the United Kingdom, although by July 2011 had sought to improve, notably by returning call centre operations to the United Kingdom from India.

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7.

In December 2012, Santander UK reached an agreement to sell its store card business, which includes branded cards issued for retailers including Topshop, House of Fraser and Debenhams, to SAV Credit.

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8.

The sale was completed on 13 May 2013, though Santander UK continued to service accounts on behalf of SAV Credit until 1 April 2014.

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9.

In November 2014, the chief executive of the Santander UK Group said that an IPO would not be forthcoming until market conditions improved.

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10.

Santander UK operate online banking services, including mobile apps, and operate an internet only banking division branded Cahoot.

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11.

Santander UK is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.

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12.

In November 2009, Santander UK launched the first current account in the United Kingdom without fees for its current and future mortgage customers.

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13.

Santander UK has sponsored the McLaren Formula One team since 2007,.

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14.

Santander UK said its sponsorship of McLaren had raised its brand awareness in the United Kingdom from 20 to 82 percent.

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15.

In February 2015, Santander UK was announced as the new sponsor of Transport for London's bicycle hire scheme, branded as Santander UK Cycles.

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