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Grupo Santander selects SAS to manage risk, compliance with Basel IIEighth largest bank in world looks to SAS® Credit Risk ManagementCARY, N.C. (Oct. 13, 2005) – Grupo Santander, the eighth largest bank in the world by market capitalization, has selected SAS ® Credit Risk Management software to help comply with Basel II requirements. The solution from SAS, the leader in business intelligence, will assist Santander in satisfying Basel II requirements for credit risk and achieving better enterprise wide risk management. Under Basel II regulations, banks must consider the amount of capital they need to hold in reserve. Santander, based in Spain, will benefit from SAS’ precise predictive analytics regarding customers’ likelihood to default. With SAS, the bank can more accurately determine how much capital to hold in reserve to meet the Basel II requirements and manage the risk from defaults, while still maximizing the amount of working capital the bank has for making loans and investments. Santander needed a solution that would enable them to comply with Basel II requirements, since they will adopt the advanced internal ratings-based approach globally. The Bank of Spain requires these measures to be fully implemented by 2007. SAS provides Santander with a solid risk intelligence platform with strong analytic capabilities that serves as a centralized environment for managing credit risk throughout the bank. SAS also provides global technical support services, which are particularly important to Santander in light of the global nature of this project. “For a global bank like Santander, complying with Basel II regulations is a requirement. But by using SAS Credit Risk Management, Santander can do more than address the regulations, it can turn compliance into an opportunity to improve its overall financial and organizational performance,” said Peyman Mestchian, head of risk management for SAS EMEA. “SAS now has more than 60 Basel II customers worldwide, many of them approaching the final stages of their implementation and recognized as success stories within the global banking community.” About SAS ® Credit Risk Management SAS Credit Risk Management (www.sas.com/industry/fsi/credit) is a comprehensive solution capable of performing credit data management, credit scoring and credit portfolio risk management while providing a credit risk dashboard. Using the SAS solution, organizations can measure credit risk exposures accurately and then evaluate alternative strategies for managing risk. Users can, for example, model economic capital and perform other tasks related to the maintenance of adequate regulatory capital reserves and capabilities beyond Basel II requirements. SAS Credit Risk Management is a component of the SAS Banking Intelligence Solutions and is part of the SAS Risk Intelligence offering, which supports all aspects of enterprise risk management. About SAS® Risk Intelligence SAS Risk Intelligence provides an integrated platform of comprehensive solutions focused on creating enterprise transparency, mitigating exposures and lowering the total cost of ownership for credit, market and operational risk and for compliance. Tapping SAS’ proven strength in data management, SAS Risk Intelligence offers consolidated and contextual views of all risk and compliance information, enabling more timely, accurate and effective risk governance. About Santander Santander is the largest bank in the Euro Zone and the eighth largest worldwide by market capitalization. Founded in 1857 in the northern Spanish port city of Santander, the Group today has 63 million customers, more than 2.6 million shareholders, 10,000 offices and operations in more than 40 countries. Santander is the largest banking group in Spain and Latin America by business volumes. In 2004, Santander gained a prominent position in the United Kingdom through the acquisition of Abbey, the country’s second largest mortgage provider. In Portugal, Santander is the second largest bank by profits. The Santander Consumer unit is a leading consumer finance franchise in Germany, Italy, Spain, Portugal and several other European countries. In Latin America, Santander managed more than EUR 118,000 million in customer funds at year-end 2004. The Group has 4,010 offices in ten Latin American countries, serving more than 18 million individual clients and 8 million participants in pension plans.
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