Bloomberg News

Santander Sees Brazil Default Rates Declining, Portela Says

January 31, 2012

Jan. 31 (Bloomberg) -- Banco Santander Brasil SA expects default rates in the South American country to fall as a result of economic growth, declining unemployment and rising wages, Chief Executive Officer Marcial 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


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