Tag Archives: Santander Brasil

Santander’s second LatAm engine

While profits in the UK slipped by 13% in the first three months of the year, the bank beat estimates thanks largely to the Brazilian bank’s latest blockbuster result. In the third quarter, Santander’s Brazilian business grew earnings by 20% … Continue reading

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Santander Brasil begins to win converts to its turnaround story

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

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Santander Brasil focuses on its goals, not the misses

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

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Private banking: Brazil’s locals consolidate and fight for offshore

The hoped-for flows onshore from last year’s amnesty on offshore wealth have failed to materialise, so far. Meanwhile, Citi and HSBC have sold up. So where did a 15% increase in assets under management come from? Paulo Corchaki, head of … Continue reading

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