Banco Santander targets pharmacy sector and 500 million customers

Banco Santander is implementing a new strategy to expand its presence within the Spanish pharmacy sector. The bank aims to increase its client base in this industry from over 7,600 establishments to 10,000 by the end of the year, potentially increasing its market share by 45%. The initiative targets the broader pharmacy ecosystem, offering financing for acquisitions, leasing for equipment like dispensing robots, and payment management solutions.

Separately, Santander President Ana Botín announced an ambition to grow the group's global customer base to 500 million in the near future. The bank currently serves 182 million customers, including four million businesses. This announcement coincided with the inauguration of Faro Santander, a new cultural space at the bank's historic headquarters in Cantabria, an event attended by King Felipe VI.