"Yes, we finance bomb-making...and that's fine!"
Spain’s Santander bank is indirectly and directly involved in weapons production and exports, according to Miquel González from the organisation Justicia y Paz.
As stated in the “Guía de Comercio”, in April 2008 Santander bank (along with others) gave a €554 million loan to finance two CASA-EADS contracts with the Brazilian Air Force. These contracts involved the sale of twelve C-295 airplanes and an upgrade of eight P-3 airplanes. This export finance operation has been one of the largest of the last few years.”
“These companies are highly technological ones. We run all kind of checks when they come to us and I can tell you that they fulfil regulations and international agreements in terms of manufacturing, sale and exports and in terms of the Dublin Convention. And they fulfil the Santander bank criteria for approval as one of our clients”