Santander Bankchaired by Ana Botinhas reached 14,000 million euros in financing for the international business of Spanish companies in the first half of 2023, compared to the 13,400 million registered in the same period in 2022.

The most requested financing modalities from Banco Santander by more than 139,000 corporate clients with international business are import financing, export advances, and factoring, confirmation and forfaiting solutions.

Besides that, Santander Bank It continues to strengthen the company’s digital capabilities. In this regard, the entity chaired by Ana Botín launched One Trade Multinationals last June, a new financial management platform aimed at Spanish companies with an international presence, offering a unified vision of their subsidiaries worldwide.

This service is operated by PagoNxt, Grupo Santander’s global payments platform, and can be accessed from Banco Santander’s online banking without requiring an additional password. It has a simplified activation process, which cuts implementation and configuration times.

In addition, One Trade Multinationals offers users centralized configuration of attribution and authorization, in a simple and personalized way. The company can access its financial information and the accounts of its subsidiaries at other Santander Group banks in the UK, Poland, Portugal, Brazil and Mexico in real time. Other bank accounts around the world are also integrated into the platform, enabling a global and complete vision of each company’s finances.

Besides that, Santander Bank The trial of instant payments, which was co-developed with Iberpay and SWIFT, has been completed, anticipating the introduction of the new instant payment scheme in November. The new scheme should allow international payments in euros, originating from geographies outside the European Union, that use the SEPA Immediate Payment system.

Other useful services for companies are digital assurance, which is aimed at companies that need this assurance in their international business, or international merchandise and payment and billing monitoring, which offers companies digital knowledge about the traceability of their transactions.

Banco Santander supports SME foreign business through its specialists from its International Business Centers which it has throughout Spain. This is a team whose work focuses on advising on establishment and investment projects abroad by Spanish companies.