Leading Spanish bank ready to lend 10bn dollars for infrastructure in Brazil

Monday, September 16th 2013 - 01:29 UTC

Full article 5 comments

Following a meeting with President Dilma Rousseff, Banco Santander Chairman Emilio Botin said that the Spanish bank has 10 billion dollars available to finance infrastructure projects in Brazil. He also anticipated that loan book growth at Banco Santander Brasil SA would be up about 10% in 2013. Read full article

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Biguggy
I am not well up on financial matters but isn't Spain on the verge of bankruptcy?
Sep 16th, 2013 - 04:50 am - Link - Report abuse 0
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golfcronie
Better to give the money to Argentina so they can pay some of its debts?
Sep 16th, 2013 - 04:52 am - Link - Report abuse 0
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Stevie
The fact that Spain is on the verge of bankrupcy doesn't mean the Spanish banks are. Usually it's the exact opposite, for obvious reasons...
Sep 16th, 2013 - 05:09 am - Link - Report abuse 0
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Conqueror
@1 Banco Santander Brasil is based in Brazil. Its total assets are said to be US$211 billion (2013 figures). Santander is a group of companies. Appropriately organised, it wouldn't be affected by Spain's financial situation.
Sep 16th, 2013 - 08:11 am - Link - Report abuse 0
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ChrisR
The figures put the lie to his (implied) claim that Santander in Europe is “strong” when a share of less than 10% of the Brazilian banking market generates 75% of group profits.

BTW, anybody know where Botin’s left hand is in the picture above, only Dilma has a big smile on her face?
Sep 16th, 2013 - 12:37 pm - Link - Report abuse 0
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