Analyzing Analyzes Santander Consumer Finance - 1545 Words

Abstract This article analyzes Santander Consumer Finance (SCF) written by Gunner Trumbull, Elena Corsi and Andrew Barron, Harvard Business School (2010). A Spanish company has to make a decision to expand into the European Consumer finance market, and also to make an important organizational strategy decisions in the middle of the world economic slump that followed the U.S. credit crisis from 2007. Since 2002, the consumer finance branch of Grupo Santander a Spanish bank, Santander Consumer Finance (SCF), had grown into one of the largest European consumer finance companies capturing the recent growth in Europe of the consumer finance market. Against a background of growing concerns about the sustainability of household debt†¦show more content†¦HISTORY OF SANTANDER CONSUMER FINANCE Santander Consumer Finance (SCF) had entered the consumer finance business in the 1970’s creating Bansafina (1972) and Hispamer (1978) to begin their roots. They went on to expand internationally in 1987 when they acquired CC Bank in Germany. CC Bank had been in operation since the 1950’s specializing in car financing and had 51 branches under them. Over the years SCF would continue to enter different markets, while growing their business. Under the leadership of Mr. Inciarte, the company focused on growth going from a small business to major markets in Europe. By June 2008, SCF was operating in twenty countries accounting for 5% of the Groups workforce, which generated about 8% bank profits. As the company continued to grow new personnel was brought in to give the company a fresh outlook. SCF would continue to break into numerous markets throughout making it a global strength. Santander Consumer Finance (SCF) faces different challenges and risks when looking to enter into another country. When a company is looking to enter in these different countries the challenges it faces depends on the countries rules and regulations that their financial and banking systems imposes. There are those uncontrollable factors that Santander Consumer has to face, which can affect them as well in doing business. Cultural andShow MoreRelatedDeutsche Bank vs Santander Performance Comparison2655 Words   |  11 Pagesassignment, we intend to analyze and compare the performance of two of the biggest European banks during the past 5 years: Santader and Deutshe Bank. We do this taking into account the difference in their activities (such as the impact on commercial banking activities vs traditional retail banking) as well as the markets in which they operate. In the first part of this paper, we will take a brief overview of both banks recent history and current situation, and t hen proceed to analyze the main differencesRead MoreCredit Crunch Impact in Bank of England Essay examples3777 Words   |  16 PagesBank of England. In the year 2008 we have seen a significant consolidation within the UK banking sector. (George Cooper,2008) Just to illustrate this I will provide few examples; Nothern Rock among the first casualties (BBC news: 7th August 2009), Santander purchasing Alliance amp; Leicester (The Times: July 15th 2008), Nationwide absorbing two smaller building societies (Daily Telegraph 2nd May 2009), The merger if HBOS and Lloyds TSB (Daily May 17th September 2008) The ‘rumor’ has also affectedRead MoreEnergy Sector11370 Words   |  46 Pagesadvantage of the opportunities that the renovated external conditions offer to a company as Endesa. 1. Objective and scope of the Project The objective of this project is to introduce the general situation of the whole energy sector in Spain and analyze the international strategy of one of the main players in the specific electricity sector- ENDESA. In order to develop the analysis above, the project includes: †¢ The whole situation of the energy sector in Spain and one of its subsectorRead MoreMerger and Acquisition: Current Issues115629 Words   |  463 Pagesassisted in the selection of articles for this book. GNG KLN xi This page intentionally left blank Notes on the Contributors The Editors Greg N. Gregoriou is Professor of Finance in the School of Business and Economics at State University of New York (Plattsburgh), USA. He obtained his joint PhD in Finance from the University of Quebec at Montreal, which pools the resources, with Montreal’s three major universities (McGill University, Concordia University and Hautes-Etudes (Commerciales)Read MoreInternational Management67196 Words   |  269 Pagesdiscussion of and provided additional emphasis on the â€Å"emerging giant† multinationals from China and India and the increasing relevance and effectiveness of marketing efforts to â€Å"base of the pyramid† economies, with examples from telecommunications, consumer products, and others. On a more cross-cultural and behavioral level, we have incorporated additional findings of the comprehensive GLOBE study on crosscultural leadership. A continuing and relevant end-of-chapter feature in this edition is the â€Å"Internet