CORPORATEBrazil
Itaú and Santander also raise mortgage rates
Itaú and Santander raised mortgage rates, following Bradesco, after the rise in interest rate futures following the election, according to InfoMoney and Investidor10.
OrganizationsOrganization
Santander Brasil
SANB11SANB3SANB4
Fifth largest bank in Brazil by assets, controlled by Spain's Banco Santander and listed on B3 as SANB11, target of a parent exchange offer for the roughly 10% still outstanding.
4articles
8material mentions
3connections
Last 90 days
What sources are saying
On September 22, 2026 Banco Santander asked the CVM for foreign issuer and BDR program registration to proceed with the exchange offer for the roughly 10% of Santander Brasil outstanding, according to InfoMoney, NeoFeed and Valor.
Updated October 31, 2026 · 4 verified articles
Market transmission
Why it matters
The stock tracks the exchange ratio with the parent during the exchange offer, credit margins, delinquency and the Selic.
Explanatory mechanism, not a forecast or recommendation.Articles in chronological order
04CORPORATEBrazil
Santander Brasil earns R$ 2.9 billion in 3Q26, down 28%
Santander Brasil posted recurring managerial net income of R$ 2.9 billion in the third quarter of 2026, down 28% from a year earlier, according to InfoMoney and Money Times.
CORPORATEBrazil
Santander Brasil approves R$ 1.5 billion in interest on equity, with a record date of October 20
Santander Brasil approved the distribution of R$ 1.5 billion in interest on equity. Shareholders on record on October 20 are entitled; the shares trade ex-dividend on October 21, and payment starts on November 9.
CORPORATEBrazil
Santander asks the CVM for foreign issuer and BDR registration and advances its exchange offer for the 10% of Santander Brasil it does not own
Banco Santander filed with the CVM on September 22 requests for registration as a category A foreign issuer, for its BDR program and for the public exchange offer, plus a request to admit the BDRs to trading on B3, according to a Santander Brasil material fact. The voluntary offer, announced in July with a 15% premium over the July 30 close, targets the roughly 10% of Santander Brasil shares and units still outstanding, with an exchange ratio of 0.2028 BDR per share and 0.4056 per unit. The UBS BB appraisal puts the economic value between 12.62 and 13.88 euros per Santander share; the F-4 form at the SEC has not yet been declared effective.