"Banco Santander (Brasil) is a great addition to the NYSE, and we welcome the bank as it joins its fellow Banco Santander group companies already listed on the NYSE," said Duncan Niederauer, CEO, NYSE Euronext. "We look forward to a beneficial and lasting partnership with Banco Santander (Brasil), and to support its growth by providing the company and its shareholders with the highest levels of service, liquidity and market quality."
“This offer reflects Grupo Santander's strong commitment with Brazil and also our confidence in the Global Capital Markets. We are very pleased to be here celebrating this historic moment for the Group. Our mission will continue to be to build the best bank in Brazil and we are very happy to have the support of Brazilians and international investors to achieve this. In our view, this offer is not the end of a process. We see it as an important milestone in our history and also as a signal that we are in the right path”, José Berenguer, Executive Vice President, Banco Santander (Brasil) said.
To mark today’s special occasion, Banco Santander (Brasil) executives visiting from Brasil and Banco Santander from Spain led by José de Menezes Berenguer Neto, Executive Vice President, Banco Santander (Brasil) S.A., rang The Opening Bell, joined by Duncan Niederauer, CEO, NYSE Euronext.
Please click here for The Opening Bell photo.
Banco Santander (Brasil) S.A. is the fourth company in the Banco Santander group to list on the NYSE, joining Banco Santander Chile (NYSE:
The NYSE currently lists 31 companies from Brazil, with a total global market capitalization of $443 billion, as of Sept. 30, 2009. Including Banco Santander (Brasil) S.A., the total market capitalization of NYSE-listed Brazilian companies is close to $500 billion (as of Oct. 7. 2009). Trading in Brazilian ADRs on the NYSE includes some of the most actively traded stocks on a daily basis, totaling almost $3 billion/day.
Banco Santander (Brasil) S.A. (NYSE: BSBR)
Banco Santander (NYSE:
Founded in 1857, it manages a total of € 1.271 billion in funds. After its acquisition of Sovereign Bancorp in the United States in January, Santander has a total of 90 million clients, over 14 thousand branches—more than any other international bank—and more than 170 thousand employees. In addition to being the largest financial group in Spain and Latin America, Santander also occupies leading positions in the United Kingdom and Portugal. The Santander Consumer Finance unit gives the group a strong presence throughout the rest of Europe as well. Santander recorded € 4.519 billion in net profit in the first half of 2009.
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