Santander Leans on Brazil

Santander Leans on Brazil


Diversification in Latin America is helping Santander weather the storm in Europe, bank chairman Emilio Botin said at the bank’s AGM Friday. “Our leading positions in 9 main markets – Spain, Portugal, Germany, the UK, Brazil, Mexico, Chile, Argentina and the northeast of the United States – allows us to offset opportunities and risks, without diverging from our business model,” says Botin. He adds that Brazil’s profit accounts for 20% of group operating profit. “This performance is being confirm

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