BANCO SANTANDER CENTRAL HISPANO (BSCH).BANCO BANCO. A commercial term, adopted from the Italian, used to distinguish bank money from the common currency; as $1000, SANTANDER Santander, city (1990 pop. 194,221), capital of Cantabria prov., N Spain, in Cantabria, on the Bay of Biscay. It is a seaport, fishing center, and a popular resort. On the nearby peninsula of Magdalena is a former royal summer palace. CENTRAL HISPANO (BSCH BSCh abbr. Bachelor of Science in Chemistry ), based in Spain, acquired Banco de Caracas for US$340 million. BSCH will combine its subsidiary Banco de Venezuela with Banco de Caracas to create the country's biggest bank, with approximately $4.4 billion in assets and a 20% market share. |
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