Bloomberg News

Santander May Change 2012 Brazil Credit Forecast, Portela Says

January 31, 2012

Jan. 31 (Bloomberg) -- Banco Santander Brasil SA may change at the end of this quarter its forecast for credit expansion in Brazil, Chief Executive Officer Marcial Portela said.

Santander Brasil, a unit of Spain’s largest bank, plans to buy payroll-backed loan portfolios this year, Portela told reporters today in Sao Paulo.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus