Santander UK is a leading financial services provider that offers a wide range of personal and commercial financial products and services in the UK. The bank serves around 14 million active customers through our branch network and regional Corporate Business Centres.
We operate primarily in the UK, are regulated by the UK Prudential Regulation Authority and the Financial Conduct Authority, and are part of the Banco Santander, S.A..
Our business structure
We are a full-service retail and commercial bank with unique position and meaningful scale. Our business comprises three customer business segments, supported by central functions within Corporate Centre.
Retail Banking offers a wide range of products and financial services to individuals and small businesses through a network of branches and ATMs, as well as through telephony, digital, mobile and intermediary channels.
Retail Banking also includes Santander Consumer Finance, predominantly a vehicle finance business.
Commercial Banking offers a wide range of products and financial services to customers through a network of regional Corporate Business Centres and through telephony and digital channels.
The management of our customers is organised according to their annual turnover, enabling us to offer a differentiated service to SMEs and mid corporate customers.
Global Corporate Banking
Global Corporate Banking services corporate clients, and financial institutions that, because of their size, complexity or sophistication, require specially-tailored services or value-added wholesale products.
It offers risk management and other value-added financial services to large corporates and financial institutions, as well as to the rest of Santander UK's businesses.
Corporate Centre predominantly consists of the non-core corporate and treasury legacy portfolios. Corporate Centre is also responsible for managing capital and funding, balance sheet composition and structure and strategic liquidity risk. The non-core corporate and treasury legacy portfolios are being run-down and/or managed for value
Our business model
Our business model creates value for our people, our customers, our shareholders and our communities. This is underpinned by a culture of Simple, Personal and Fair, while being deeply engaged in the communities where we operate.
We achieve this by doing things differently and by fulfilling our purpose and aim; to help people and businesses prosper and to become the best bank for all our stakeholders.
Click on the different segments to find out more about what we do for our key stakeholders.
Creating value for our people
We value individuality, empowerment and collaboration and foster a Simple, Personal and Fair culture.
We offer first-class professional development opportunities and a competitive package of pay and benefits to attract and retain the most talented and committed people.
Creating value for our customers
We provide products and services that people want with transparent benefits and features. In this way we aim to build more lasting relationships with our customers.
We aim to provide our customers with excellent service as we believe it will make them want to do more business with us.
Creating value for our communities
Our Discovery Project encompasses a diverse
Our people are active participants in a wide range of these activities and help to decide which initiatives we support.
Creating value for our shareholders
We remain consistently profitable with a strong balance sheet and a conservative risk profile.
Our track record of profitability continued through the financial crisis and we have paid a dividend every year. Our policy is to declare a dividend of 50% of earnings attributable to ordinary shareholders.