- Reuters•23 hours ago
Appetite for growth will lead Brazilian lenders to pass on lower borrowing costs to customers as the central bank cuts interest rates in coming months, Banco Santander Brasil SA Chief Executive Officer Sergio Rial said on Wednesday. At an event to discuss third-quarter results, Rial said Santander Brasil is gearing up for an increase in corporate and consumer credit as economic conditions improve. "The need for banks to supply credit, which has gone down over the past few quarters, will force them to translate the lower Selic benchmark rate into lower lending costs," Rial said.
Banco Santander Brasil SA Chief Executive Officer Sergio Rial said on Wednesday that increasing appetite for growth will force lenders to pass on lower borrowing costs to customers as the central bank ...
Banco Santander (Brasil) S.A. (BSBR)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||7.93 x 1700|
|Ask||7.94 x 3300|
|Day's Range||7.92 - 8.04|
|52wk Range||3.02 - 8.09|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||13.77|
|Avg Vol (3m)||1,301,589|
|Dividend & Yield||0.43 (5.43%)|