Santander integrates Openbank, Santander Consumer Finance into single entity in Europe

Reuters10-15

MADRID, Oct 15 (Reuters) - Spain's Santander SAN.MC announced on Wednesday the integration of its digital lender Openbank and Santander Consumer Finance (SCF) into a single entity that will gradually operate its European consumer finance businesses under Openbank.

Germany will be the first market to initiate integration, with other markets to follow, Santander said in a statement.

Openbank and SCF are part of Santander's digital consumer bank global business.

(Reporting by Jesús Aguado; editing by Emma Pinedo and Joan Faus)

((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))

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