July 23, 2019 / 10:26 AM / a month ago

Santander Brasil hits Q2 profit estimates as fees, lending grow

SAO PAULO, July 23 (Reuters) - Banco Santander Brasil SA reported second-quarter results in line with analyst estimates on Tuesday, helped by the strength of its consumer lending business and fees.

Recurring net income, which excludes one-off items, came in at 3.635 billion reais ($971.6 million) at the Brazilian unit of Spain’s Banco Santander SA, roughly in line with the 3.594 billion reais expected by analysts, Refinitiv data showed.

$1 = 3.7412 reais Reporting by Carolina Mandl, editing by Louise Heavens

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