|Santander HQ in Sao Paulo|
Banco Santander (Brasil) S.A. (NYSE: BSBR) is the largest division of Spanish bank Santander in Latin America, accounting for 40% of the total profit of the group. With more than 9 million customers Santander is the sixth largest bank by assets in the country. It operates in all segments of financial markets through a network of more than 2,300 full service branches, 1,255 mini-branches and approximately 17,000 ATMs, primarily in Brazil's southern and southeastern regions, with a major presence in the states of São Paulo and Rio Grande do Sul. The company offers commercial banking, private banking, asset management, consumer and business loans, pension and insurance services, credit cards, trade finance, global custody, securities services, foreign exchange products, internet banking and more. In 2009 the Bank went public on the Sao Paulo Stock Exchange, also issuing ADRs in the NYSE. Banco Santander Brasil was established in 1957 and is headquartered in Sao Paulo, Brazil. As of December 31, 2014, it had total assets of R$589.96 billion.
|Headquarters||São Paulo, Brazil|
|Total assets||R$ 589.956 billion (2014)|
|Revenue||R$ 27.643 billion (2014)|
|Net income||R$ 2.161 billion (2014)|
|Company Size||51,240 employees|
Head office address:
Av. Presidente Juscelino Kubitschek
2041/2235, A Block
São Paulo, SP 04543-011
March 07, 2011
Banco Santander Brasil SA plans to expand its team of 122 private bankers by as much as 20 percent this year as Brazil’s economic growth fuels demand for wealth- management services.
The private-banking industry in Brazil ended 2010 with $224.3 billion of assets under management, a 23 percent increase from 2009, according to the Brazilian Association of Financial and Capital Market Institutions, known as Anbima. The number of clients rose to more than 63,000 by year-end from about 57,000 in December 2009. Assets under management at Santander Brasil’s private bank rose 25 percent in the period. The minimum investment is BRL 3 million at Santander while some other Brazilian banks include customers with more than BRL 1 million in investments as private-banking clients. (source: Bloomberg)