Banco Santander Totta, SA (Portugal) - Products and Services › banks › 17357 Cached Banco Santander Totta, SA (Portugal) company profile - business description: offered products (current accounts, debit cards, prepaid cards, credit cards, savings accounts, time deposit accounts, consumer loans, car loans, mortgage loans (3. 44 - 3. 44%)), services (retail banking, private banking, business banking, corporate banking, institutional banking), similar banks.
Reports corrected The Telegraph on Tuesday corrected some rather sensational reports carried in a lot of the UK press of a woman trying to swim out to re-join her husband on a cruise that had already departed from Funchal by jumping in a taxi to Santa Cruz and then attempting to swim out as the Marco Polo passed. Apparently Susan Brown, 65, was pictured at an Easter mass with a candle at Sao Pedro Church, normally only attended by locals, where one witness said she actively celebrated Holy Eucharist which started at 8pm and didn't leave the church till 9. 45pm. Funchal port captain Felix Marques, the local maritime police commander, has admitted there were still many question marks hanging over the drama involving Mrs Brown. He said: "I am aware of the reports about her attending a church mass and it knocks down the version of events she told my officers on Saturday about wanting to swim to the ship because she thought her husband had changed his mind about flying back to Britain and had taken a taxi back to the vessel.
"To be honest it makes no sense and it could be related to the fact she was very confused at the time. "The Marco Polo crossed the area where she threw herself into the sea at 8. 30pm which coincided with the moment she's said to have been in church. "The ship would have been out of sight by the time the service finished, and much more so at 10pm when she was seen on the promenade in front of the sea. Full story here. Bad weather The bad weather accurately forecast in updates to the previous post duly arrived yesterday and resulted in the closure of the airport. It really has been eye-opening how accurate the BBC weather app is for Funchal! TAP have scheduled additional flights today between Lisbon and Madeira to accommodate their customers who were affected. The winds caused falling trees, scaffolding, roof tiles and zinc sheets, with some damage in central Funchal. Fireman were called to a number of locations, including outside the Farmers Market where one of the trees fell on a parked car.
One 32-year old man was taken to hospital, and access to the areas around the port restricted. Best Bank in Portugal The US magazine Global Finance has selected Santander Totta as the "Best Bank in Portugal" in the "World's Best Banks in Developed Markets" category. This bank now incorporates the recently failed Banif bank (their old head office in Funchal is pictured), although for some strange reason Banif customers cannot yet use Santander branches for deposits and withdrawals – I guess the computer systems will be on different platforms? Meanwhile the former president of Banif, testifying to an committee of inquiry into the crash, explained that there had been "abnormal movements involving substantial sums of money in Madeira" in the weeks immediately prior to closure. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More
T... International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit [ The IDRs, Support Ratings and senior preferred debt and deposit ratings of Banco Santander Totta, S. and Santander Totta, SGPS, S. are linked to the Long-Term IDR of Banco Santander, S. Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'.
The Long-Term IDRs are currently capped at one notch above Portugal's sovereign ra... Factors that could, individually or collectively, lead to negative rating action/downgrade: Totta 's and BST's IDRs and Support Ratings would likely be downgraded if Banco Santander 's IDRs, from which they are notched, were downgraded. They are also sensitive to a change in Fitch's assumptions around Santander 's propensity or ability to support its Portuguese subsidiary. The IDRs could also be sensitive to a downgrade of Portugal's sovereign rating, which is currently not expected as the Outlook on it is Stable. Totta 's and BST's VRs will likely be downgraded if there is a pronounced and sustained deterioration beyond our baseline economic forecast for the Portuguese operating environment, in particular due to rapidly rising private-sector indebtedness and a permanent erosion of business prospects, or if the bank's experiences acute deterioration in its asset quality and earnings metrics beyond our baseline expectations and without being able to take appropriate mitigating actions.
This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visit Additional information is available on
Cached Key Rating Drivers Rating Sensitivities Best/Worst Case Rating Scenario Public Ratings with Credit Linkage to Other Ratings ESG Considerations Additional Disclosures IDRS, SENIOR DEBT AND SUPPORT RATING The IDRs, senior debt and Support Ratings of Totta and BST reflect Fitch's view of a high probability of support from their Spanish parent bank, Banco Santander, S. A. (Santander; A-/Negative/a-), in case of need. Totta's and BST's Long-Term IDRs are notched down once from Santander's Long-Term IDR to reflect Fitch's view that Totta's activities in Portugal are strategically important to the group, although not as core as the Spanish operations. Totta's performance is supported by strong synergies and integration with the parent, and a wide range of shared risk management and operational practices. Santander has a strong ability to provide support if needed, as Totta's modest size relative to the overall group is unlikely to represent a constraint. In addition, we believe that Santander has a high propensity to provide support to its Portuguese subsidiary if needed.
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