Key Developments: Banco Santander Brasil SA (BSBR.N)
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Latest Key Developments (Source: Significant Developments)
Banco Santander Brasil SA Updates on Sale of Total Stake in Subsidiary to Banco Santander SA
Banco Santander Brasil SA announced that following the announcements made on February 22, 2011 and July 14, 2011, in relation to the sale of the total shares of its wholly owned subsidiary Zurich Santander Brasil Seguros e Previdencia SA (current name Santander Seguros SA) (Zurich Santander Seguros) to Zurich Santander Insurance America SL (current name of ZS Insurance America SL), a holding company located in Spain whose 51% stake is held by Zurich Financial Services Ltd and its affiliated companies and 49% by Banco Santander SA, the Company’s controlling shareholder, the total value of the transaction was of BRL 2,744,990,429.98 resulting in a price reduction of BRL 6,567,142.00. The Company will call a general meeting to offer its shareholders the preference right for the acquisition of shares of Zurich Santander Seguros. Full Article
Banco Santander Brasil SA Announces Own Capital Interests
Banco Santander Brasil SA announced that on March 27, 2013 it approved the payment of own capital interest of BRL 300,000,000 or net BRL 255,000,000 corresponding to gross BRL 0.720049979 per lot of 1,000 ordinary shares and net BRL 0.612042482 per lot of 1,000 ordinary shares; BRL 0.792054977 per lot of 1,000 preferred shares or net BRL 0.673246730 per lot of 1,000 preferred shares; and BRL 79.205497685 per unit composed of one American Depositary Share ADS or net BRL 67.324673032 per unit. Record date is March 27, 2013. Shares will be traded ex-interests as from March 28, 2013. Full Article
Banco Santander Brasil SA Announces Interim Dividend and Own Capital Interest Payment
Banco Santander Brasil SA announced that on December 18, 2012 its Board of Directors approved the payment of interim dividend totaling BRL 250,000,000 and own capital interest totaling BRL 450,000,000 or net BRL 382,500,000. For own capital interest the total amount corresponds to BRL 1.080363200 per ordinary share or net BRL 0.918308720 per share, BRL 1.188399520 per preferred share or net BRL 1.010139592 per preferred share and BRL 118.83995196 per unit or net BRL 101.013959169 per unit composed of one American Depositary Receipt (ADR). For interim dividend, the total corresponds to BRL 0.6002017776 per ordinary share, BRL 0.6602219554 per preferred share and BRL 66.0221955380 per unit. Record date is December 19, 2012. Shares will be traded ex-rights as from December 20, 2012. Full Article
Banco Santander Brasil SA Lays Off 1,000 Workers In Cost Overhaul-Reuters
Reuters reported that Banco Santander Brasil SA said it would lay off about 1,000 employees this week as the bank works to cut costs amid a sluggish Brazilian economy, tighter margins and lower interest rates. Like other big banks in Brazil, Santander is overhauling its cost structure as it grapples with a sharp drop in interest rates over the past year, a stagnant economy, and record defaults on loans in Latin America's country. The Company said that the layoffs represent about 2% of its total Brazilian workforce of 55,000 employees. Full Article
Standard & Poor's Affirms Issuer Credit Ratings On Banco Santander Brasil SA After Downgrade Ratings On Its Parent-DJ
Dow Jones reported that Standard & Poor's Ratings Services announced that the issuer credit ratings on Banco Santander Brasil SA (BBB/Stable/A-2) are not immediately affected by the recent downgrade of their parent, Spain-based Banco Santander SA. Full Article
Banco Santander Brasil SA Announces Interim and Intermediate Dividend Payment
Banco Santander Brasil SA announced that the Board of Directors on September 25, 2012 approved: distribution of interim dividends in the amount of BRL 350,000,000, corresponding to BRL 0.840247828 per 1,000 ordinary share, BRL 0.924272611 per 1,000 preferred share and BRL 92.42726109 per 1000 Units, and distribution of intermediate dividends in the amount of BRL 150,000,000, corresponding to BRL 0.360106212 per 1000 ordinary shares, BRL 0.396116833 per 1000 preferred shares and BRL 39.61168331 per 1000 Units. Unit corresponds to one American Depositary Share (ADS). Value of interim dividends will be imputed to the complementary dividends for 2012 fiscal year value of intermediate dividends will be imputed to the value of obligatory dividends for 2012 fiscal year. Payment of interim dividends and intermediate dividends will be done as from February 26, 2013. Record date is September 26, 2012. Shares will be traded ex-dividends as of September 27, 2012. Full Article
Banco Santander Brasil SA Announces Interim Dividend, Intermediate Dividend and Own Capital Interest Distribution
Banco Santander (Brasil) SA announced that the Board of Directors on June 28, 2012 approved: distribution of interim dividends in the amount of BRL 490,000,000, corresponding to BRL 1.176335400 per 1000 ordinary share, BRL 1.293968940 per preferred share and BRL 129.396894000 per 1000 Units; distribution of intermediate dividends in the amount of BRL 410,000,000, corresponding to BRL 0.984280640 per 1000 ordinary shares, BRL 1.082708700 per 1000 preferred shares and BRL 108.270870200 per 1000 Units; and distribution of own capital interests in the gross amount of BRL 170,000,000 (net value of BRL 144,500,000), corresponding to the gross value of BRL 0.408116360 per 1000 ordinary shares (net value of BRL 0.346898906), BRL 0.448928000 per 1000 preferred shares (net value of BRL 0.381588800) and BRL 44.892799800 per 1000 Units (net value of BRL 38.158879830). Unit corresponds to one American Depositary Share (ADS). Record date is June 27, 2012. Shares will be traded as ex-dividends and ex-interests as of June 28, 2012. Payment of interim dividends, intermediate dividends and own capital interests plus own capital interests approved on March 28, 2012 in the amount of BRL 400,000,000 will be done as from August 29, 2012 Full Article
Fitch Ratings Downgrades Its Corporate Credit Ratings on Banco Santander Brasil SA-Reuters
Reuters reported that Fitch Ratings has downgraded its long-term corporate credit ratings on Banco Santander Brasil SA from BBB+ to BBB. The outlook is negative. Full Article
Banco Santander (Brasil) SA Announces Distribution of Interim Dividends and Own Capital Interests
Banco Santander (Brasil) SA announced that its Board of Directors approved on June 22, 2011 the distribution of: interests on own capital in the gross amount of BRL 550 million, corresponding to BRL 1.3168469 per ordinary share, BRL 1.4485316 per preferred share and BRL 144.8531559 per unit, or net BRL 467.5 million, corresponding to BRL 1.1193198 per ordinary share, BRL 1.2312518 per preferred share and BRL 123.1251825 per unit; and interim dividends in the amount of BRL 100 million, corresponding to BRL 0.2394267 per ordinary share, BRL 0.2633694 per preferred share and BRL 26.3369370 per unit. Each one unit corresponds to one American Depositary Share of the Company. Record date is June 21, 2011 and shares will be traded as ex-dividends and ex-interests from June 22, 2011. Such distribution will be imputed to the obligatory dividends for fiscal year 2011 and is subject to approval by the Company’s Ordinary General Meeting to be held in 2012. Full Article
Banco Santander (Brasil) SA Announces Distribution of Intermediate and Interim Dividends
Banco Santander (Brasil) SA announced that its Board of Directors approved on May 30, 2011 the distribution of intermediate dividends based on the dividend equalization reserve account, in the amount of BRL 273,840,060.07, corresponding to BRL 0.65564623 per 1,000 ordinary shares, BRL 0.72121085 per 1,000 preferred shares and BRL 72.12108515 per 1,000 American Depositary Shares (ADSs), and the distribution of interim dividends based on the profits earned according to the balance sheet prepared on April 2011, in the amount of BRL 476,159,939.93, corresponding to BRL 1.14005405 per 1,000 ordinary shares, BRL 1.25405945 per 1,000 preferred shares and BRL 125.40594525 per 1,000 ADSs. The total distribution will be at the values of BRL 1.79570028 per 1,000 ordinary shares, BRL 1.97527030 per 1,000 preferred shares and BRL 197.52703040 per 1,000 ADSs. Record date is May 31, 2011 and shares will be trades as ex-dividends from June 1, 2011. The value of the intermediate dividends will be imputed to the complementary dividends for fiscal year 2011 and the interim dividends will be imputed to the obligatory dividends for fiscal year 2011. Payment date is yet to be defined, and the distribution is subject to approval by the Company’s Ordinary General Meeting to be held in 2012. Full Article
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