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172:. The Central Bank was founded in 1919, growing alongside the Spanish industry, but faced challenges in the 1970s. The Hispano Americano Bank, established in 1900, inherited a portfolio from Banco Urquijo that heavily exposed it to the industrial sector. In 1985, banker Claudio Boada restructured it, shifting its focus to loans and deposits. In 1991,
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To stabilize during a banking crisis, the new entity sold several inherited banks and appointed Ángel Corcóstegui as CEO in 1994 for restructuring. Central
Hispano operated until its merger with Banco Santander was announced on January 15, 1999, forming "Banco Santander Central Hispano." Following
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The merger meetings occurred on
October 30, 1991, with the official registration of BC’s capital increase for the absorption on January 2, 1992. The new "Banco Central Hispano" became Spain's largest private bank, surpassing Bilbao Vizcaya (BBV).
183:
over the resulting bank's power. Another attempt under Luis de Usera and Escámez also failed, as Usera was not convinced by the proposed share exchange after reviewing the financials.
190:. On May 14, 1991, a letter of intent was drafted, outlining the absorption of BHA by BC. Escámez was the first president until September 1992, when Amusátegui took over.
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Attempts to merge the two banks began in the 1960s, led by
Ignacio Villalonga and Antonio Basagoiti. However, the deal fell through due to concerns from Finance Minister
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to form Banco
Santander Central Hispano. However the bank group was reverted to refer as Santander Group or Banco Santander in 2007.
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Discussions between the
Central Bank (BC) and Hispano Americano Bank (BHA) resumed in 1989 after a failed merger with
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this, BCH lost influence; Amusátegui and Corcóstegui both stepped down with substantial severance packages.
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352:"El Banco Central absorberá al Hispano Americano y se convertirá en el mayor banco privado del país"
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led the
Central Bank, while José María Amusátegui was president of the Hispano Americano.
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were closely linked to the struggling industrial sector following the
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Former Banco
Central Hispano headquarters, since declared
466:"Diario digital de actualidad económica y financiera"
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442:"Los pasos de Santander hasta la cima de la banca"
152:was a Spanish bank. In 1999 it was merged with
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208:Former Banco Central Hispano headquarters
496:"Diez años de Corcóstegui y otros casos"
385:"Fallece Alfonso Escámez a los 94 años"
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494:Noceda, Miguel Ángel (2012-02-05).
283:Vidal-Folch, Xavier (1983-01-16).
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252:"319 años de historia acumulados"
120:Banco Santander Central Hispano
164:Both the Central Bank and the
43:Banco Central Hispanoamericano
1:
86:December 27, 1991
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416:(in Spanish). 1992-01-03.
410:"Central Hispanoamericano"
358:(in Spanish). 1991-05-15.
326:(in Spanish). 1991-05-15.
320:"Veinticinco años después"
258:(in Spanish). 1999-01-16.
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33:Bien de Interés Cultural
227:"Euro bank mega merger"
166:Banco Hispano Americano
77:Banco Hispano Americano
16:Spanish banking company
533:Defunct banks of Spain
229:. BBC. 15 January 1999
103:; 25 years ago
150:Banco Central Hispano
101:January 15, 1999
20:Banco Central Hispano
21:
383:EFE (2010-05-17).
181:Juan José Espinosa
75:Banco Central and
446:www.expansion.com
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126:Headquarters
48:Company type
470:banca15.com
72:Predecessor
527:Categories
513:2024-08-29
480:2024-08-29
451:2024-08-29
427:2024-08-29
395:2024-08-29
369:2024-08-29
337:2024-08-29
302:2024-08-29
269:2024-08-29
214:References
108:1999-01-15
90:1991-12-27
508:1134-6582
422:1134-6582
389:La Verdad
364:1134-6582
332:1134-6582
297:1134-6582
264:1134-6582
142:Financing
116:Successor
66:insurance
233:15 April
202:See also
138:Services
58:Industry
40:Formerly
500:El País
414:El País
356:El País
324:El País
289:El País
256:El País
188:Banesto
160:History
106: (
98:Defunct
88: (
83:Founded
62:Finance
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131:Madrid
52:S. A.
504:ISSN
418:ISSN
360:ISSN
328:ISSN
293:ISSN
260:ISSN
235:2016
64:and
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