Banco Santander SA is now primarily aiming to become a truly global brand and to achieve its aim. The banking giant, based in Spain, has also started putting its best efforts by applying many new strategies and plans.

In the year 2009, Banco Santander SA introduced Boston-based Sovereign Bank, which has now succeeded big and has become one of the country’s largest regional banks. But recently, the regional bank is now planning to adopt and come under the name of its owner Santander soon.

Sources have revealed that the action of replacement will take place by start of next year.

According to reports, Spain’s Banco Santander’s second quarter net profit dropped by 38%, as the growth of Latin America was disrupted by a poor result in the crisis that hit Europe and the’ onetime charge in Britain’.

Also, the eurozone’s biggest bank by market capitalization net profit is said to have fallen to €1.39 billion between April and June, when compared with €2.23 billion for the last corresponding period.

Spain’s largest bank, Banco Santander announced that its 3Q profits remained steady at €2.22 billion.

Despite doing a decent business in Britain, bank’s loan losses had gone up during the period.

European zone’s largest bank said that its third quarter revenue surged 11% year on year, and profits by Santander units, which were located in Britain, rose 58% to 1.16 billion pound sterling till September.

Despite having such a fantastic run, non-performing loans continued to sink bank’s bottom line.