Alliance & Leicester 'to rebrand as Santander' next year

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Alliance & Leicester 'to rebrand as Santander' next year

Alliance & Leicester is set to change its name and rebrand to Santander by the end of 2010, which will take the number of branches bearing the Spanish banking chain's logo on the British high street to 1,300.

This rebranding will mean that any customers of the Alliance and Leicester, Abbey or Bradford & Bingley banking groups can use any Santander branch to perform transactions in the future.

Abbey and Bradford & Bingley will be rebranded in the first quarter of next year, before the Alliance & Leicester name change takes place.

Chief executive of Santander UK Antonio Horta-Osorio said: "Since Santander acquired Abbey in November 2004, we have set about transforming the business to reflect Santander's business model and values."

Santander was established in 1857 and today has over 90 million customers, 14,000 branches and 170,000 employees in over 40 countries.

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