Santander's new president bets on Brazil's recovery.
Ana Botín, the new chairwoman of the board of directors of the Spanish bank Santander, expressed confidence in the Brazilian economy, the group's largest market in Latin America: "Everything leads us to believe in the attractiveness of the Brazilian economy and that it will overcome this period of slowdown it is going through."
(Reuters) - The new chairwoman of the board of directors of the Spanish bank Santander, Ana Botín, said on Monday that she is confident that the Brazilian economy, the group's largest market in Latin America, will overcome the current slowdown.
"Everything leads us to believe in the attractiveness of the Brazilian economy and that it will overcome this period of slowdown it is going through," he stated.
In her first appearance before shareholders since her appointment last week, Ana stated that she will defend the dividend policy as the bank's main objective.
The executive also said that the bank is on track to reap good results in 2014 and that, under her leadership, diversification could pave the way for a new phase of profit growth.
"At this moment, as we approach the conclusion of the third quarter, I can say that the positive trends in the evolution of the group's results are being confirmed," he said.
(By Jesus Aguado)