Santander banking licence application approved by Canadian Finance Minister
Banco Santander issued Banking licence approval (ministerial stage) affecting Canadian Department of Finance on April 1, 2024.
- Primary
- Banco Santander
- Counterparty
- Canadian Department of Finance
- Structure
- Banking licence approval (ministerial stage)
- Date
- April 1, 2024
- Sub-sector
- Neobank
Santander cleared first regulatory hurdle to enter Canadian retail banking market; awaiting regulator decision within one year to launch deposit-taking and digital banking services.
Source: investmentexecutive.com