Santander in 350 million pound deal for stake in UK's Ebury

Santander has taken a 350 million pound ($453 million) majority stake in UK-base...

FILE PHOTO: Banco Santander's chairwoman Ana Patricia Botin attends the annual results presentation at bank's headquarters in Boadilla del Monte, outside Madrid, Spain January 30, 2019. REUTERS/Sergio Perez

Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement. Like banks across Europe, Spanish lenders have turned to more profitable enterprise lending in a bid to lift earnings as low interest rates squeeze financial margins.

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