trending Market Intelligence /marketintelligence/en/news-insights/trending/_fnxb0czqm_t0kritesyjg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Banco Santander to sell Banco Popular's 49% stake in WiZink Bank

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Banco Santander to sell Banco Popular's 49% stake in WiZink Bank

Banco Santander SA agreed to sell Banco Popular Español SA's 49% stake in WiZink Bank SA to Värde Partners Inc., which already owned 51% of the company.

The agreement will also see Banco Popular and Banco Santander Totta SA purchasing the debit and credit card business of WiZink. The businesses were sold to WiZink by Banco Popular in Spain and Portugal in 2014 and 2016.

Santander will resume Banco Popular's debit and credit card business, which is expected to improve market strategy and facilitate the integration of the latter. Santander said it expects both transactions to have a positive effect on its fully loaded common equity Tier 1 ratio of about 10 basis points, without having any significant impact on the group's results.

The deals, which remain subject to regulatory approval and customary conditions, is expected to complete within the second half.