Banco Santander Brasil SA could gradually disburse more loans and possibly seek an acquisition, executives said on Wednesday, as early signs of a turnaround in Latin America's largest economy translated into stronger-than-expected second-quarter profit. The outlook for credit demand in the second half of the year looks better as economic and political turmoil eases, Chief Executive Officer Sérgio Rial said at an event to discuss results. Santander Brasil will probably bid for Citigroup Inc's local unit, although at a reasonable price, Rial said.
Banco Santander Brasil SA will probably bid for Citigroup Inc's local subsidiary, as the country's largest foreign-owned lender seeks to expand into banking for wealthy clients, Chief Executive Officer ...
Citigroup Inc.Buenos Aires
|52wk Range||17.35 - 27.50|
|Day's Range||21.60 - 22.10|
|Avg Vol (3m)||13,005|
As of 3:40 PM EDT. Market closed.