Banco Santander Brasil
Banco Santander Brasil S.A. (NYSE: BSBR) is the largest division of Spanish bank Santander in Latin America accounting for 20% of the total profit of the group. Banco Santander Brasil is the third largest bank by assets in the country behind Itaú Unibanco and Banco Bradesco and has more than 9 million customers. It operates in all segments of financial markets through a network of more than 3,700 branches and 18,194 ATMs, primarily in Brazil's southern and southeastern regions, with a major presence in the states of São Paulo and Rio Grande do Sul. In 2009 the bank went public on the Sao Paulo Stock Exchange, also issuing ADRs in the NYSE. Banco Santander Brasil was established in 1982 and is headquartered in Sao Paulo, Brazil.
Head office address:
March 07, 2011
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 3 million reais at Santander while some other Brazilian banks include customers with more than 1 million reais in investments as private-banking clients. (source: Bloomberg)