Santander will exceed its goal of financially empowering 10 million people by 2025

In just three years, 2019-2021, the entity has been able to provide access, financing and financial education to 7.4 million financially vulnerable people, such as micro-entrepreneurs, individuals, families, SMEs facing difficulties, social entrepreneurs or groups at risk of exclusion.

Santander Argentina has financially empowered more than 600,000 people, facilitating access to essential financial services, awarding funding appropriate to the needs of the most vulnerable and promoting resilience through financial education programmes.

In Argentina, the entity has created value by granting comprehensive loans, offering differential services to retirees and concluding agreements with strategic partners to accompany entrepreneurs. Our financial education content Online It is free for seniors, small business owners, people with disabilities and family finance.

The Bank empowered 2.5 million people in 2021 through financial inclusion initiatives and actions as part of its Responsible Banking / ESG strategy; Measures that are directly in line with the commitment made by the entity to contribute to the sustainable development goals set by the United Nations.

In this sense, Santander has set the goal of financial empowerment of ten million people for this key date in 2019 and its forecast and development indicate that this goal will be widely exceeded; In just three years, between 2019 and 2021, the entity was able to benefit 7.4 million people through its policies and initiatives for access, finance and financial education, in the various countries in which it operates, representing the achievement of 74% of the target set for 2025.

According to experts, digitalization and financial education are at the heart of strategies to advance financial inclusion, which contribute directly to seven of the 17 UN Sustainable Development Goals for 2030. This was also demonstrated at the recent meeting of the Global Finance Alliance. The inclusion of the G20 (GPFI) in which academic and institutional experts have revealed the need to leverage digitization to make a leap in terms of financial inclusion, the impact of digital finance and the role of financial education and consumer protection to overcome barriers of knowledge.

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Emerging Markets and Mature Markets

In Latin America, the main objective of Santander is to ensure access to the financial system through projects such as Super digitalwhich allows people with poor banking services from countries like Argentina, Brazil, Mexico and Chile to make cash deposits, withdrawals and payments without having a bank account.

Also promote the program Santander Microfinance, aimed specifically at small business owners so that they can make their small businesses, their families, and the communities in which they grow thrive. It should be noted that in 2021, 72% of the 1 million micro-entrepreneurs supported were women.

In mature markets such as Spain, the United Kingdom or the United States, Santander seeks to ensure that no one is forced to leave the financial system or encounter difficulties in accessing it, cash or credit, focusing on groups with limited access to banking services, Those with financial hardship, who are in areas underserved by banking service providers, who suffer from the digital divide, or who have limited financial knowledge.

Examples of such initiatives and agreements reached with other institutions are the service cash post office In Spain, the plan inclusive societies Santander in the United States to provide financial aid to communities in difficulty, or the numerous financial education programs and measures – 79 in 2021 – that the entity is developing through volunteer staff, such as dead finance or Financial education for seniors In Spain, the podcast Holy Finance (https://wetoker.com/category/santas-finanzas/) (Argentina) and time and money (Portugal) on financial concepts, or financial education initiatives offered toyo in Mexico.

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In 2021 alone, Santander facilitated the empowerment of 860,000 people through access initiatives; More than 1,100,000 people through financing specifically designed for individuals and SMEs with difficulty accessing credit or in a precarious financial situation have helped 1,290,000 improve their basic financial knowledge, deepen the security of their financial resources, and learn about digital finance.

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