Tag Archives: Banking

Euromoney’s review of global banks: Bradesco

Posted on January 11, 2018 by

This was the year that Bradesco absorbed HSBC’s Brazilian bank. The deal, valued at R$16 billion ($4.8 billion), added five million current account clients, around 22,000 employees, 851 branches and 448 ‘mini-branches’. However, the bank said it wanted to retain … Continue reading →

Posted in Blog | Tagged , , , , , , , | Leave a comment

NPLs point to credit quality recovery in Brazil

Posted on May 16, 2017 by

The Q1 2017 results of the Brazilian banks might mark the beginning of an inflection point for the country’s credit performance, according to Fitch Ratings. The rating agency believes that the signs of stabilization of the banks’ non-performing loans (NPLs) … Continue reading →

Posted in Blog | Tagged , , , , , , | Leave a comment

Santander Brasil begins to win converts to its turnaround story

Posted on April 19, 2017 by

Credit Suisse believes 2017 will be seen as “a defining year” in the history of Santander Brasil. Marcelo Telles, the Swiss bank’s equity analyst for the Brazil-listed bank, believes the perennially underperforming bank is achieving a strategic turnaround – and … Continue reading →

Posted in Blog | Tagged , , , , , , , , , , , | Leave a comment

Consolidation starting in Argentina as Macro targets Patagonia

Posted on April 12, 2017 by

Banco Macro has signalled its serious intent to buy Banco Patagonia by proposing an equity sale of up to $750 million to finance the acquisition. According to a regulatory filing made last week, Macro’s board will seek authorization for the … Continue reading →

Posted in Blog | Tagged , , , , , , , , , , , , | Leave a comment

Santander Brasil focuses on its goals, not the misses

Posted on March 8, 2017 by

Angel Santodomingo, Santander Brasil’s CFO, has had a ringside seat for the latest round of consolidation in the country’s retail banking sector. As HSBC and then Citi put their Brazilian retail operations up for sale, the Spanish-headquartered bank (although it … Continue reading →

Posted in Blog | Tagged , , , , , , , , , | Leave a comment

Brazil Banking: Bradesco bouyant, HSBC on the back foot

Posted on September 15, 2015 by

Bradesco’s senior management is reported to be delighted with the price paid for HSBC Brazil, despite its final bid having been more than expected. Meanwhile, the UK-based universal bank faces obstacles in its claims to be able to continue to … Continue reading →

Posted in Blog | Tagged , , , , | Leave a comment