Formula 1: Banco Santander (bank) official partner of Formula One Group from 2025

Banco Santander, a Spanish banking group, has become an official partner of Formula One Group from the 2025 season as part of a multi-year agreement, announced the two parties on 04/09/2024.

"The bank's logos will feature on trackside signage at a number of Grand Prix across the season taking place in Santander's main markets: in the US, Brazil, Mexico, Spain, and in the UK, among others," said Banco Santander. The partnership will also showcase the Openbank online banking offering, which will be launched on the US market by the Spanish group in 2025. Three Grand Prix races are scheduled to be held in the United States (in Austin, Miami and Las Vegas) in 2025, as they have been since 2023.

This official announcement comes six days after Scuderia Ferrari HP announced that it would not be renewing its partnership with Banco Santander after 2024, and that it would be replaced from 2025 by the Italian group UniCredit.

Banco Santander's decision not to renew its partnership with Ferrari also coincides with the departure of Spaniard Carlos Sainz Jr (Ferrari driver between 2021 and 2024) to…