July 3, 2020

Ana Botín meets with Macri and Fernández and reaffirms commitment to Argentina

The president of Banco Santander, Ana Botín, met on Wednesday in Buenos Aires with the Argentine president, Mauricio Macri, and the elected president of the South American country, Alberto Fernández, to reaffirm the commitment of the Spanish financial group with Argentina and announced credit lines .

Macri received Botín in the presidential residence of Olivos, outside Buenos Aires, according to the Argentine Government, who gave no details of the meeting.

Meanwhile, Fernández, who will assume the Argentine Presidency on December 10, received Botín at his offices in Buenos Aires.

According to sources from the president-elect and the bank itself, the president of the Santander group announced that it will launch credit lines for 500 million dollars to promote Argentina's export development.

The financial institution said in a statement that the credit lines will be destined to foreign trade, to boost SMEs and export companies in Argentina.

"Santander's commitment to Argentina is ratified in these new lines of credit for foreign trade," Botín said.

The meeting was also attended by Sergio Lew, appointed Tuesday as the new head of country (country head) of the Argentine subsidiary of Santander, and who until now held that position, Enrique Cristofani, who will continue to be linked to the group as non-executive chairman of the board (board of directors) ) from Santander Argentina.

Also present at the meeting was Santiago Cafiero, one of Alberto Fernández's main advisors.

Santander Bank employs around 9,000 people in Argentina and adds about 3.7 million customers, which places it as one of the largest private banks in the South American country.

. (tagsToTranslate) Ana (t) Botin (t) Macri (t) Fernandez (t) Argentina

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