&lt;Banco Santander> signed a letter ofintent with Bank of America &lt;BAC> to purchase its West German
affiliate &lt;Bankhaus Centrale Credit AG>, CC-Bank, the bank said
in a statement amplifying an earlier report from Frankfurt.
    "The incorporation of CC-Bank in our group will provide a
major boost...For chanelling investment between Spain and the
European Community," the statement said.
    "This operation enables us to take up a solid position in
West Germany ahead of Spain's full integration into the EC's
financial system in five years' time."
    The deal included the license for Visa credit cards.
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