October 30, 2019 / 11:28 AM / 22 days ago

Brazilian unit of Banco Santander beats analysts estimates on retail lending

SAO PAULO, Oct 30 (Reuters) - Banco Santander Brasil SA reported third-quarter results that beat analysts’ estimates, mainly driven by the retail segment.

Recurring net income, which excludes one-off items, came in at 3.705 billion reais ($926.60 million), up 19.2% from a year earlier and beating the 3.48 billion reais that analysts were expecting, according to Refinitiv data.

$1 = 3.9985 reais Reporting by Carolina Mandl, editing by Louise Heavens

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