SU

Company Market Research Report: Santander UK plc



Company Overview



Name, Mission of the Company


Name: Santander UK plc
Mission: Helping our customers at the moments that matter most

Founding Details


Founded: No information is available
Founders: No information is available

Key People


  • Executive Directors:

  • No information is available

  • Non-Executive Directors:

  • No information is available


Headquarters


Location: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom

Number of Employees


Employees: No information is available

Revenue of the Company


Revenue: No information is available

Company Specialization


Known For: Santander UK is a large retail and commercial bank based in the UK, a wholly-owned subsidiary of the major global bank Banco Santander.

Products



Product Portfolio


  • Current Accounts

  • Santander Edge Current Account

  • Description: Offers cashback on household bills.

  • Key Features: £3 monthly fee, requires £500 monthly deposit and 2 active Direct Debits, monthly cashback cap.


  • Santander Edge Student Current Account

  • Description: Tailored for students, with additional perks.

  • Key Features: 4-year Railcard, interest-free overdraft, chance to win up to £27,750 with conditions.


  • Credit Cards

  • Santander Edge Credit Card

  • Description: Offers cashback on everyday spend for current account holders.

  • Key Features: Monthly fee, 29.8% APR representative, credit subject to status.


  • Savings Accounts

  • Santander Edge Saver

  • Description: Savings account associated with Santander Edge Current Account.

  • Key Features: 6.00% AER/5.84% gross interest on balances up to £4,000 for the first 12 months, £3 monthly fee for the associated current account.


Recent Developments



Recent Developments in the Company


  • Q2-24 Highlights:

  • Customer Base: 14 million active customers

  • Financial Data:

  • Mortgage stock: £170.8bn (Dec-23: £175.2bn)

  • Cost-to-income ratio: 55% (Q1-24: 57%)

  • Banking NIM: 2.09% (Q1-24: 2.07%)

  • Digital customers: 7 million

  • Digital mortgage retention: 77%

  • Profit before tax: £413m (Q1-24: £391m)

  • CET1 capital ratio: 15.2% (Dec-23: 15.2%)

  • Stage 3 ratio: 1.57% (Dec-23: 1.49%)

  • Branches: 444 branches

  • Sustainability:

  • Published 'Buying into the Green Homes Revolution'

  • Carbon Neutral in own operations


New Products Launched


No information is available

New Features Added to Existing Products


No information is available

New Partnerships


No information is available

Conclusion


The information provided focuses on the key aspects of Santander UK plc, including an overview, product offerings, and recent developments. This comprehensive report serves as a valuable resource for understanding the current market position and strategic initiatives of Santander UK plc.