Banco Santander, a Spanish multinational commercial bank and financial services company, agreed to invest £350m ($430m) in Ebury, a foreign exchange facilitator for small and medium-sized companies. The deal will give Santander a 50.1% stake in the company. "Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60% of total employment and up to 40% of national GDP in emerging economies. SMEs are becoming increasingly global and Santander is the best positioned bank to play a leading role to help them access global trade finance. By partnering with Ebury, Santander will deliver faster and more efficient products and services for SMEs, previously only accessible to larger corporates," Ana Botín, Banco Santander Executive Chairman.