Banco Santander subsidiary Santander Brasil sailed through the first quarter of 2020 with a considerable growth in net interest income totalling BRL$12.65 billion (US$2.14 billion), a 12.1% jump YoY and a 0.4% increase from the fourth quarter of 2019.

The bank attributes its positive yield of 12.1% to the expansion of customer margins arising from higher volumes and mix. During this period, the market margin also performed well. The smaller incline of 0.4% was also driven by larger gains from the market margin. In terms of structured product issuance, Santander Brasil has maintained its stance as the most prolific issuer from Q1 19 with 520 products at a sales volume of R$234.48 million. The bank boasted an issuance of 440 products in the fi

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