| Banco Santander Central Hispano, S.A. is a financial group operating principally in Spain, other European countries and Latin America, offering a wide range of financial products. Its principal operations are in Spain, Portugal, Germany, Italy and Latin America. The Company also has significant operations in New York, London and Paris, as well as investments in The Royal Bank of Scotland Group, and financial investments in Commerzbank, San Paolo-IMI and Banque Commerciale du Maroc. In Latin America, it has majority shareholdings in banks in Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Puerto Rico, Uruguay and Venezuela. The Company's business is divided into five principal areas: European retail banking; retail banking Latin America; asset management and private banking; global wholesale banking, and financial management and equity stakes. |