Brief: Santander CEO Believes Markets Are Overreacting To Elections In Brazil

Banco Santander

Today 09:56

Oct 28 (Reuters) - Banco Santander CEO Hector Grisi SAN.MC:
BELIEVES MARKETS ARE OVERREACTING TO ELECTIONS IN BRAZIL
RATES ARE NOT GOING TO FALL AS MUCH IN BRAZIL AS WE EXPECTED IN OUR PLAN
IT IS TOO EARLY TO SAY IF THERE WILL BE MORE ROOM TO IMPROVE COSTS SYNERGIES IN U.S.
BANK PLANS TO CONTINUE WITH BUYBACK IN BRAZIL
BANK EXPECTS TO OBTAIN DANISH COMPROMISE IN COMING TWO OR THREE QUARTERS
SEES SOME MINOR MIGRATIONS TOWARDS HIGHER YIELDING DEPOSITS IN SPAIN, UK AND BRAZIL
SANTANDER'S CFO JOSE GARCIA CANTERA: BANK IS VERY CONSTRUCTIVE ON FUTURE NET INTEREST INCOME OUTLOOK IN THE UK
Further company coverage: SAN.MC

 (Reporting by Madrid Newsroom)
 ((jesus.aguado@thomsonreuters.com;))