By Daniel Hunter

Santander was named Business Bank of the Year at the annual Business Moneyfacts Awards on Thursday.

This prestigious award validates Santander’s strategy to become the small to medium sized enterprise (SME) bank of choice and was among three awards taken home on the night. It was the fourth consecutive year Santander has won the award for Business Bank of the Year.

Business Moneyfacts, the leading independent business finance guide, also awarded Santander the title of Best Business Current Account Provider, the tenth time the banking group has won the award. Santander was also successful in the Best No Notice Business Deposit Account Provider category.

In addition, Steve Pateman was awarded the prestigious Outstanding Achievement Award, for the work he has done in expanding Santander’s Corporate, Commercial and Business Banking division. Steve has recently become Santander’s Head of UK Banking, expanding his remit to additionally cover the retail bank.

“Santander performed consistently well during 2011 and Business Moneyfacts is delighted to recognise this excellence by awarding it Business Bank of the Year," Lee Tillcock, Editor of Business Moneyfacts, said.

"This award measures all aspects of business finance, including products, innovation and service. It is assessed by our experienced research teams and is based on the data collected, analysed and displayed in Business Moneyfacts magazine and its online systems over the whole year.

“Santander’s further successes in the Best Business Current Account Provider and Best No Notice Business Deposit Account Provider categories not only demonstrates the good value products Santander has offered over the past year, but also demonstrates that changing the fee free banking proposition was a good decision.

“Finally, we were delighted to award Steve Pateman the Outstanding Achievement Award. He has done a remarkable job at Santander and he thoroughly deserves it.”

Steve Pateman, Head of UK Corporate and Commercial Banking said that the bank was delighted to have landed the award again.

“We are delighted to have been awarded Business Bank of the Year for the fourth consecutive year," he said.

"I’m also honoured to have received the Outstanding Achievement Award for my work in the Santander Corporate, Commercial and Business Banking division. We have made good progress in the last year, because we have a great team and great customers that trust us with their business and I’m proud to be a part of it.

“Winning at this year’s Business Moneyfacts awards highlights Santander’s commitment to the SME market. While still a relatively small provider in the SME market, Santander is committed to increasing the support it offers to SMEs and we aim to become the SME bank of choice for UK businesses.”

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