Euromoney Names Santander “Best Bank in the World” for SMEs, Financial Inclusion and Emerging Markets

  • Banking
  • 13.07.2023 04:40 pm

Santander has received three global awards for the first time at the 2023 Euromoney Awards for Excellence: ‘World’s Best Bank for SMEs’; ‘World’s Best Bank for Financial Inclusion’ and ‘World’s Best Bank for the Emerging Markets’. 

For the SME award, the magazine highlighted how Santander is “mixing advisory with products to power growth alongside clients” and “embracing the opportunity for relationship-forging that is presented in the SME segment through both financial and non-financial support.” 

It is the third time in six years that Santander has been named the best bank in the world for SMEs and the third year in a row that the bank has been named ‘World's Best Bank for Financial Inclusion’. Santander has financially empowered more than 10 million people since 2019 and aims to provide access and finance to a further five million people by 2025. As part of these financial inclusion programs, Santander granted €950 million in microcredits in 2022, primarily in Brazil and Mexico.

The publication also highlighted Santander’s success in Latin America, naming it as the best bank in the region, and ‘Latin America's Best Bank for Wealth Management’. According to Euromoney, the bank “has the ability to operate locally with the depth of a domestic bank, while optimising the advantages of its global network”.

"Supporting SMEs and enabling greater financial inclusion are central to our purpose of helping people and businesses prosper. These awards are a testament to the success of the strategy we set back in 2015, and the hard work and dedication of our teams in Europe and the Americas in making it happen and delivering sustainable results. We are grateful to Euromoney for recognizing their efforts." - Ana Botín, Banco Santander executive chair

In addition, Santander was recognized as the best bank in Argentina, Chile, Mexico, Poland, Portugal and Uruguay. And as well as the global SME award, Santander was also named ‘Western Europe's Best Bank for SMEs’.

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