07:16 AM EST, 11/21/2024 (MT Newswires) -- Banco Santander (SAN) is pursuing the sale of over a dozen significant risk transfers to enhance profitability, Bloomberg reported on Thursday, citing people familiar with the matter.

The Spanish lender is marketing SRTs linked to loans totaling more than 20 billion euros ($21.04 billion) from its global operations, which include the US, Germany, the UK, and Mexico, the report said.

The deals are in various stages of the sales process, the report added.

Santander did not immediately respond to MT Newswires' request for comment.

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