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SAN / Santander Wants To Ride Brazil's Next Wave

Santander Wants To Ride Brazil's Next Wave
Brazil's economy is showing signs of recovery, with banks expected to benefit from an anticipated interest rate cut and a state-sponsored debt renegotiation program. The performance of Brazilian banks over a 10-year period indicates that the sector could be entering a new growth phase, with Santander being a key player. I expect that Santander will be more benefitted than other banks by the interest rate cut, fueling its Net Income, ROE and Dividends through a decrease in funding costs. Read More
Posted: Aug 1 2023, 03:17
Author Name: Seeking Alpha
Views: 110535

SAN News  

Santander readies sale of bad assets worth 5 bln euros- Cinco Dias

By Reuters
October 30, 2023

Santander readies sale of bad assets worth 5 bln euros- Cinco Dias

Spain's Santander is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias more_horizontal

Consumers are optimistic, but inflation a worry: Santander

By Yahoo Finance
October 27, 2023

Consumers are optimistic, but inflation a worry: Santander

A new report from banking giant Santander finds that Americans are, overall, optimistic and resilient, but still concerned about the impact of inflati more_horizontal

Santander may look into potential acquisition of Metro mortgage portfolio

By Reuters
October 25, 2023

Santander may look into potential acquisition of Metro mortgage portfolio

Santander may consider looking into acquiring a mortgage portfolio from Metro if the British bank decides to put it up for sale, the Spanish bank's Ch more_horizontal

Santander sees housing market subdued for some time

By Proactive Investors
October 25, 2023

Santander sees housing market subdued for some time

Santander's UĀ arm warned today not to expect any quick revival in the housing market with the impact of higher mortgage rates still yet to be felt fu more_horizontal

Santander's Q3 net profit rises 20% compared to same quarter in 2022

By Reuters
October 25, 2023

Santander's Q3 net profit rises 20% compared to same quarter in 2022

Spain's Santander on Wednesday said its net profit in the third quarter rose 20% compared to the same quarter in 2022 thanks to higher lending income more_horizontal

Santander warns of surge in impersonation scams

By Proactive Investors
October 19, 2023

Santander warns of surge in impersonation scams

Santander has warned its UK business customers to be on high alert for impersonation scams after a surge in attempts to steal money by crooks pretendi more_horizontal

Santander raises interim cash dividend 39%

By Reuters
September 26, 2023

Santander raises interim cash dividend 39%

Spain's Santander said on Tuesday its board had approved an interim cash dividend of 0.081 euros ($0.0856) per share against its 2023 results, up 39% more_horizontal

Santander refunded millions by EY over supposed money-laundering failures

By Proactive Investors
September 26, 2023

Santander refunded millions by EY over supposed money-laundering failures

Banco Santander (LSE:BNC) was refunded millions of pounds by accountancy Ernst & Young over the latter's poor work addressing the bank's financial cri more_horizontal


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