Ana Botin expresses an optimistic view of Europe, highlighting strong fundamentals, better debt-to-GDP ratios, and robust institutions. She believes there is significant potential for investment by selecting the right country, sector, and company. While focusing on the Americas, Botin is simultaneously enhancing Santander’s digital offerings across North America and has committed substantial investments in Mexico. Recent strategic moves include the acquisition of TSB to bolster Santander's influence in the UK and exiting part of the Polish market with a significant transaction. Botin contrasts Southern Europe's growth with stagnation in US banks.
"Europe has strong fundamentals, debt-to-GDP is better, strong institutions," Botin said Tuesday in a Bloomberg Television interview, adding that she sees significant potential to invest there. "You just need to choose your country, your sector and your company."
"Southern Europe today has higher growth than most of the United States," she said.
European banks have doubled in value over the past three years while their US peers have stagnated when adjusting for currency swings.
This month, Santander agreed to buy retail lender TSB for £2.65 billion ($3.55 billion) to strengthen its position in the UK.
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