Banco Santander Brasil S.A.: Q2 2022: Slower loan growth and higher provisions weighted on quarter's performance
Santander Brasil reported Q2 2022 results, posting pressured margins by higher funding cost and higher provisioning expenses despite flattish asset quality.Banco Santander Brasil operates as a bank and through its subsidiaries carries out its operations through two segments: Commercial Banking and Global Wholesale Banking, which operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage. Co. operates in Brazil and abroad, through the Cayman branch and its subsidiary in Spain. As of Dec 31 2016, Co. had total assets of R$634.39 billion.
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