Santander Brasil beats estimates as loan book expands

SAO PAULO (Reuters) – Banco Santander Brasil SA (SANB11.SA) beat second quarter net income estimates on Wednesday, as the bank reported a 30 percent rise in profits.

The Brazilian unit of Spain’s Banco Santander SA (SAN.MC) reported recurring net income of 3.025 billion reais ($807.23 million), 14 percent above a Reuters consensus estimate of 2.652 billion.

The bank’s loan book grew 4 percent, reaching 368.2 billion reais.

Reporting by Carolina Mandl; editing by Jason Neely



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