Santander is to enhance its offering for businesses through a new introducer agreement with Peninsula Business Services, a leading provider of employment law and Health & Safety services for businesses.
Peninsula Business Services, established in 1983, has grown to become a market leader in its field and over 28,000 businesses have now integrated Peninsula to work as part of their own HR and Health & Safety functions. Peninsula’s specialist teams provide support and guidance on all aspects of employment law and Health & Safety at work issues, offering a 24/7 advice service 365 days of the year.
The new service will be available to Santander Corporate & Commercial customers on a referral basis. Santander is committed to helping businesses prosper and has increased lending to businesses across the UK by an average of 20% per year over the last four years. It has extended £3.9bn of new facilities to UK corporates and SMEs since H1 2013.
Marcelino Castrillo, Managing Director of SME Banking at Santander, said: “We are delighted to increase the support we can offer our business customers through this new referral service. It can be difficult for businesses to understand how to best meet their obligations on HR and Health & Safety issues but the support services offered by Peninsula are designed to help businesses successfully overcome this.”
Peter Done, CEO of Peninsula Business Services, said: “We are pleased to partner with Santander to make our support services available to even more UK businesses. The employment law and Health & Safety services offered by our specialist teams provide UK companies with the knowledge and support they need to manage their business effectively.”
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Santander Corporate & Commercial provides dedicated relationship banking support to businesses with a turnover of more than £250,000. It is part of Santander UK, a leading financial services provider in the UK which offers a wide range of personal and commercial financial products and services. At 30 June 2014, Santander UK serves around 14 million active customers with c. 20,300 employees, almost 1,000 branches and 52 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone by market capitalization. Founded in 1857, Santander had EUR 1.34 trillion in managed funds, 107 million customers, 13,225 branches – more than any other international bank – and 183,648 employees at the close of June 2014. It is the largest financial group in Spain and Latin America. It also has significant positions in the United Kingdom, Portugal, Germany, Poland and the northeast United States. In the first half of 2014, Santander registered EUR 2.756 billion in attributable profit, an increase of 22% from the same period of the previous year.
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