Banco Santander Brasil SA ADR

Banco Santander (Brasil) S.A. is a Brazilian multiple-service bank controlled directly and indirectly by Banco Santander, S.A. of Spain (approximately 89.5% ownership through Sterrebeeck B.V. and Grupo Empresarial Santander S.L.). The bank operates through two segments: Commercial Banking (serving individuals, SMEs, and mid-market corporate clients) and Global Wholesale Banking (investment banking, markets, treasury, and equity trading). Through its subsidiaries, it operates in payment institution services, consortium management, securities brokerage, insurance brokerage, consumer financing, digital platforms, benefits management, credit recovery, capitalization, private pension markets, and food/meal voucher administration. The bank serves clients across Brazil with 47,327 employees and total assets of R$1.29 trillion. Loans and advances to customers totaled R$558.2 billion and customer deposits reached R$621.4 billion as of June 30, 2026. It maintains significant sustainable finance operations with 38% market share in CBIOS decarbonization credits and leadership in electrified vehicle financing (53% for electric vehicles, 31% for hybrids). Managed funds not recorded on balance sheet totaled R$267.6 billion. Key subsidiaries include Santander Sociedade de Crédito, Financiamento e Investimento, Evidence Previdência (private pension), Getnet (payments), Webmotors (automotive platform), and Toro Corretora (investment brokerage). The bank underwent a CEO transition effective July 1, 2026, with Gilson Finkelsztain replacing Mario Roberto Opice Leão. The free float is approximately 10.2%. Updated Sep 1, 2026