STXNEWS LATAM-Santander Brasil to stop releasing operational estimates-filing

Fri Mar 8, 2013 4:45pm EST

Banco Santander Brasil SA, the nation's largest foreign lender, will suspend releasing estimates for its operations, or so-called guidance, after missing forecasts for the full year of 2012, according to a securities filing on Friday.

Santander Brasil has issued guidance for 2012 and 2013 in Sept. 2011. The bank missed some of those estimates last year because of a series of macroeconomic assumptions that failed to materialize. "That is why management decided to suspend the release of guidance," the filing added.