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Grupo Santander selects SAS to manage risk, compliance with Basel II13 October 2005 - Grupo Santander, the eighth largest bank in the world by market capitalisation, 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 maximising 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 centralised 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 organisational 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 recognised as success stories within the global banking community."
About SAS® Credit Risk Management
About SAS® Risk Intelligence
About Santander
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.
SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to improve performance through insight into vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world
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