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Ana Botín announces to Macri the investment of 550 million dollars

The president of the Spanish Bank Santander, Ana Botín, met today with the Argentine president, Mauricio Macri, to whom he announced an investment of 550 million dollars in technology for the period 2018-2020.

Buenos Aires, Nov 23 (EFE) .- The president of Spanish Banco Santander, Ana Botín, met today with Argentine President Mauricio Macri, to whom he announced an investment of 550 million euros. of dollars in technology for the period 2018-2020.

Botín, who arrived today in Buenos Aires, was received by Macri in the Casa Rosada, headquarters of the Argentine Executive, where he went with Enrique Cristofani, president of the Santander Río bank, a local subsidiary of the Spanish financial group.

According to the Santander Río bank, the Botín meeting announced the president Argentine that the entity will invest between 2018 and 2020 a total of 550 million dollars in technology.

"These investment announcements confirm the positive vision that the Santander Group has about the changes that have taken place in the country in the last two years, and that were born of the Argentine society. Botín said after the meeting.

He added that the announced investment in technology "will accelerate the process of digitization of the bank, and will contribute in a more agile and simple way to the progress of people and businesses. "

Botín also invited Macri to inaugurate the new Santander Río corporate building in Buenos Aires, which will be finalized in the second half of next year and that has demanded an investment of 170 million dollars.

For his part, Cristofani highlighted the consensus and agreements reached in recent weeks between the Argentine government, the opposition and provincial governors to carry out various reforms in the tax, tax and labor, among others.

He also stressed that the changes in Argentina "have emerged from society and its leaders, and from there they went on to politics and the economy."

During this year, Santander Río completed the purchase of the bank Citibank retailer in Argentina, an operation that allowed it to incorporate 500,000 customers and 70 branches.

As explained by the bank in a statement, the investment in The technology announced today will be aimed at both software and hardware and is in line with its goal of becoming "an increasingly digital bank."

Santander Río is the first private bank of the Argentine financial system in savings (deposits plus common funds) and in volume of credit granted.

The entity has 482 branches, has about 3.5 million customers and employs about 9,000 people.

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