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 Farol Santander Building owned and operated by Santander | |
| Company type | Sociedade Anônima |
|---|---|
| B3: SANB11 NYSE: BSBR Ibovespa Component | |
| Industry | Financial services |
| Founded | 1982 |
| Headquarters | São Paulo,Brazil |
Key people | Mario Roberto Opice Leão,(CEO) |
| Products | Banking,insurance,asset management |
| Revenue |  US$ 13.1 billion(2024)[1] |
| US$ 2.7 billion(2024)[2] | |
| Total assets | US$ 221.3 billion(2024) |
Number of employees | 50,578 |
| Parent | Banco Santander |
| Website | www |
Banco Santander (Brasil) S.A. is theBrazilian subsidiary of the SpanishSantander Group, headquartered inSão Paulo, Brazil. It is the fifth largest banking institution in Brazil, as well as thefifth largest in Latin America, and the largest division of the group outsideEurope, accounting for around 30% of its financial results globally by 2019.[3] The bank is listed at theB3 in São Paulo, and atNYSE thoughADRs.
Founded in 1982, Banco Santander grew up in Brazil through several significant acquisitions from 1997 to 2007, which made it the fifth largest bank in the country, behindItaú Unibanco,Banco do Brasil,Banco Bradesco andCaixa Econômica Federal.
In 1997, Santander purchased Banco Geral do Comério S.A., initiating the wave of acquisitions through which it earned a position among the largest financial groups in Brazil. In 1998, it acquired Banco Noroeste S.A.. In January 2000, the Southern Financial conglomerate (Banco Meridional and Banco Bozano, Simonsen) joined the group. In November of the same year, Santander made its largest acquisition yet, taking control overBanespa, previously owned by Brazil's wealthiest state,São Paulo.
After the Banespa acquisition, the financial conglomerate Santander Banespa was formed. While a strong franchise, Santander's position was still heavily concentrated in theSoutheast region of Brazil.
In 2007,Banco Santander participated along withRoyal Bank of Scotland andFortis in the acquisition of the Dutch financial conglomerateABN AMRO. Santander took over ABN AMRO's Brazilian assets, mainly formed by the latter's acquisition ofBanco Real, and developed a truly national platform, dropping the Banespa name and adopting the Santander Brasil franchise.
On October 7, 2009 the bank went public in theSão Paulo Stock Exchange, also issuingADRs in theNYSE. In Brazil, the IPO raised R$14.1 billion, or US$8.9 billion, the largest stock offering made in theBM&F Bovespa that year.[4]
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