Banco BANIF

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BANIF Banca Privada was a Spanish bank and a subsidiary of the Santander Group. The bank became part of Santander's private banking global division in 2007. In 2013 it was merged with Banco Santander in Spain.

History[edit]

Established in 1962, BANIF was Spain’s largest private bank with €31,070,000,000 assets under management (as of 31 December 2009) and 56 branches located throughout the country.[citation needed]

BANIF recorded a pre-tax profit for 2009 of €38,000,000.

The Santander Group announced in December 2012 that it would merge Banco BANIF and Banesto into the existing Banco Santander business in Spain.[1]

References[edit]

  1. ^ "Santander absorbs Banesto and Banif and shuts branches". BBC News Online. 17 December 2012. Retrieved 17 December 2012. 

External links[edit]