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Santander bets on exporters to boost its UK banking business

FILE PHOTO: Santander Bank logo and stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

By Sinead Cruise and Iain Withers

Santander, one of Europe’s biggest banks, is targeting British companies grappling with post-Brexit trading snags, in a direct tilt at a business where rivals like HSBC have traditionally dominated.

The British arm of the Spanish bank is expanding its services to businesses trading internationally as it chases an edge in the competitive corporate lending sector, going head to head with the likes of HSBC – which once styled itself as ‘the world’s local bank’.

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