Santander Consumer Bank AG is an established provider for financial services in the private customer business. The bank is the largest non captive bank for cars, motorbikes and (motor-) caravans in Germany. Moreover the bank is also a market leader for consumer good financing. The broad range of financial products is distributed by approximately 210 branches or via TeleCenter and Internet. Around 4,3 million customers trust in Santander Consumer Bank AG, a hundred percent daughter company of Banco Santander S.A., Madrid.
Santander Consumer Bank AG is a regular participant in the European ABS market. The first ABCP conduit transactions for different asset classes date back to 1997. A high degree of granularity and a good performance are the main features of the securitisations.