MADRID, July 31 Spain's Santander,
which has a big presence in Latin America and operations in
Argentina, does not expect any impact from a potential sovereign
debt default in the country, Chief Executive Javier Marin said
Argentina defaulted for the second time in 12 years after
hopes for a midnight deal with holdout creditors were dashed.
Marin was also asked on a conference call following
second-quarter earnings whether the bank was interested in
investing in Portugal's loss-making Banco Espirito Santo
. Marin said the bank always looked at opportunities for
"But everything needs to meet our expectation on
profitability," he said, adding the bank was happy with "what we
have" in Portugal.
(Reporting by Sarah White and Jesus Aguado, Editing by Julien