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Banco Santander Banespa S.A. Jun 06
Standard & Poors, June 2006
Abstract
Good market position as the fourth-largest private financial group in Brazil with strong regional position in the South/Southeast region of Brazil Adequate profitability Benefit of belonging to Banco Santander Central Hispano S.A. Exposure to the economic risk of the financial system Challenge to boost the revenues from clients to dilute the high technological and marketing costs that have affected efficiency Challenge to continue increasing retail market share Banco Santander Brasil S.A., Banco Santander Meridional S.A., and Banco do Estado de Sao Paulo S.A. form what Standard & Poor's Ratings Services calls the Santander Banespa group. We consider the three banks as strategic and core units of the group, and therefore assign the same rating to the consolidated and the individual...
Companies mentioned in this report are: Banco Santander (Brasil) S.A.,Banco Santander Puerto Rico,Banco Santander S.A.,Santander UK PLC,Banco Espanol de Credito S.A.,Banco Santander-Chile S.A.,Santander BanCorp.,Santander Consumer Finance, S.A.,Santander Totta SGPS,Banco Santander Totta S.A.,Banco Santander (Mexico) S.A. Institucion de Banca Multiple Grupo Financiero Santander
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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