The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Western Europe's best bank for SMEs 2020: Banco Santander

Awards for Excellence 2020

With lockdowns shuttering businesses across the continent, commitment to banking small and medium-sized enterprises has taken on even greater economic and social importance this year. 

Euromoney’s best bank for SMEs in Western Europe, Banco Santander, has tackled this challenge head on, reflecting its increased focus on banking smaller businesses in recent years. 

Its position in SMEs in Europe today partly reflects its 2017 purchase of Banco Popular, which gave it the biggest market share in Spanish SMEs. But the focus is also appropriate in an era of ultra-low and negative rates, with wafer-thin margins in corporate banking and retail mortgages. 

Even before Covid-19, Santander, led by Ana Botín, was putting in more effort than most of its peers to developing its SME business, especially in Europe. The range of new SME banking initiatives at Santander over the last year is indeed outstanding.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree