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| Santander HQ in Sao Paulo |
Banco Santander (Brasil) S.A. (NYSE: BSBR, BM&FBOVESPA: SANB11) is the largest division of Spanish bank Santander in Latin America. With more than 30 million customers, it is the sixth largest bank in the country in terms of total assets. It operates in all segments of financial market through a network of about 2,250 full service branches, 1,170 mini-branches and approximately 13,800 ATMs, primarily in Brazil's southern and southeastern regions, with a major presence in the states of São Paulo and Rio Grande do Sul. The company offers deposit products, consumer and business loans, pension and insurance services, credit and debit cards, trade finance, global custody and securities services, foreign exchange, private banking, asset management, internet banking and more. Banco Santander Brasil was established in 1982 and is headquartered in Sao Paulo, Brazil. As of March 31, 2017, it had total assets of BRL 634.757 billion (US$200 billion) and total equity of BRL 87.2 billion.
Some Facts:
| Net Income | US$2.2 billion (2016) |
| Market capitalization | US$29 billion (June 20, 2017) |
| Company size | 47,000 employees |
| Website | www.santander.com.br |
Head office address:
Head office address:
Av. Presidente Juscelino
Kubitschek 2041 and 2235
Bloco A, Vila Olimpia
São Paulo, SP 04543-011, Brazil
March 30, 2017
Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, launched a secondary public offering of its American depositary shares of Banco Santander (Brasil). The fund holds 5.5% of the total outstanding shares of Banco Santander Brasil and intends to sell about 40% of its position. The offering will be underwritten by Credit Suisse, BofA Merrill Lynch, and Santander Investment Securities.