Santander UK plc (the Bank) is a financial services provider and offers personal and commercial financial products and services. The Bank is wholly owned by the Spanish Santander Group. The Bank’s business is managed and reported on the basis of Retail Banking, Commercial Banking, Corporate and Institutional Banking and Corporate Centre segments. Retail Banking includes products and financial services to individuals and small businesses. The Commercial Banking business provides banking services to companies with a turnover of between GBP250,000 and GBP500 million per annum. Corporate and Institutional Banking is focused on providing financial services to corporates, with an annual turnover above GBP500 million, and financial institutions, where they can be serviced in terms of their product needs. Corporate Centre includes asset and liability management for the Bank and management of the non-core corporate and treasury legacy portfolios.