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Santander Brasil weighs on group results as Q2 net profit falls 45%

SAO PAULO (Reuters) -Brazilian lender Santander Brasil on Wednesday reported higher second-quarter net profit on a sequential basis but saw its results weigh on group performance as they remained well below last year's levels. The bank, an unit of Spain's Banco Santander, said in a securities filing its net income reached 2.26 billion reais ($475.76 million) in the period, up 5.5% from a soft previous quarter but sliding nearly 45% from a year ago. Santander Brasil's bottom line...
Steven Grattan Santander Brasil Gabriel Araujo Banco Santander Mario Leao Louise Heavens
Source: yahoo.com

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