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Does Banco Santander Have A Brazilian Problem?

2015-12-13 04:32:35| Oil & Gas - Topix.net

Santander's Brazil unit is still contributing a meaningful profit, but the amount of non-performing loans is quite high, at 5.3%. The company's loan loss provisions in Brazil are eating away almost half of the net operating income and the provisions in Q3 were the highest in several years.

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