Banco Santander

Although the Brazilian economy is facing problems, they have affected performance economic country in the short term even if they have not done with economic prospects of medium and long term. It is that the Brazilian Government has been pursuing an orderly economic policy that preserves the strength of macroeconomic fundamentals. And a sign of confidence about the strength of medium and long term of the Brazilian economy represents what the recent approval by the Senate of Brazil for the creation of the Fund for sovereign wealth (FRS), which will be approximately US $14 billion and which will allow the country to acquire foreign assets and foreign companies. Undoubtedly, the creation of this sovereign fund will have geopolitical implications not minor to Brazil and shows where the vision of the Government is directed from Lula da Silva. The strength of macroeconomic fundamentals in the medium and long term of the Brazilian economy as well as the potential for development of their domestic markets is not unnoticed by companies that have such internal market as an area for action. It is that businesses are aware of the potential of development that owns the Brazilian economy surpassed once the crisis which leads them to make strategic decisions to reset and be prepared to gain volume and participation in the market.

Indeed, before the same affect in this way so deep to the Latin American country, it emerged as one of the future world powers, with a President who exhibited the ambitions of the country’s development (and has not in fact, resigned to this). One of the entities is betting strong to the Brazilian economy despite its slowdown in growth is Banco Santander (BVSP:SANB3; NYSE:SAN). Banco Santander appears convinced of the growth potential that can be achieved once in Brazil exceeded the turbulence of the crisis. That is why the President of the entity at the global level, the Spanish Emilio Botin, confirmed the plans of the Bank invest 2.558 million reals (about US $1.1 billion) until 2010 in Brazil, despite the international financial crisis. In declarations of loot in this regard: Brazil is a great country that unites a fantastic market to a potential agricultural, mineral, technological, industrial and services that make it, without a doubt, one of the most promising powers around the world. During that period, Santander will seek to achieve the opening of 400 new agencies as well as expand and improve the range of services it offers. Banco Santander is key to take advantage of this period of uncertainty to grow and repositioned in a market with great potential for development. The bet continues to be interesting and can generate large benefits to the subsidiary of the Spanish financial entity. Original author and source of the article.