Santander vows to extend $10 bln in Brazil infrastructure credit
SAO PAULO Nov 27 (Reuters) - Banco Santander SA Chairwoman Ana Botin pledged on Thursday to extend $10 billion for credit to infrastructure projects in Brazil, one of the Spanish bank's largest markets.
In a statement, Santander said that Botin, who met Brazilian President Dilma Rousseff earlier in the day, reaffirmed the lender's commitment to extend more loans to small- and mid-sized companies. Botin added that Santander has already invested $4 billion in Brazil this year.
Banco Santander Brasil SA, the nation's largest foreign lender, is Santander's unit in Latin America's largest economy. (Reporting by Guillermo Parra-Bernal; Editing by Cynthia Osterman)
© Thomson Reuters 2017 All rights reserved.