The Brazilian subsidiary of the biggest Spanish bank SANTANDER will unify marks with the REAL BANK in the first quarter and it is expected to be operative with the name of SANTANDER in the middle of the next year. REAL BANK was acquired from the Dutch ABN by SANTANDER in October 2007, but, till now they are operating with their own and separated marks in Brazil counting with 9.5 million of clients and almost 4,000 offices. Nowadays, it is the fourth biggest Brazilian bank after two private banks Itaú-Unibanco and Bradesco, and the public Banco do Brasil.
Both banks assure their clients that the unification will be gradual to avoid any impact over the clients of the REAL BANK. The process will begin in the next months offering an identical financial product to the clients of both banks indifferently.
Except in Spain, SANTANDER group is present in 16 countries of Europe and the Americas and it is listed on all stock exchanges of Spain through the Mercado Continuo and the stock exchanges in London, Milan, New York, Lisbon, Buenos Aires and Mexico.
LINKS:
SANTANDER: http://www.santander.com/
GRUPO SANTANDER BRASIL: http://www.gruposantanderbrasil.com.br/
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