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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (9586)	11/11/1998 3:24:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Spain's Santander owns 100 pct of Brazil unit Reuters, Wednesday, November 11, 1998 at 14:49 SAO PAULO, Nov 11 (Reuters) - Spanish financial group Grupo Santander (MADRID:SAN) said Wednesday it has increased ownership in its Brazilian unit to 100 percent with an investment of $214 million. Santander said it bought the shares of its minority partner, local construction group Camargo Correa, to take full control of Banco Santander Brasil SA. Santander said in a statement that it also transferred $183 million from the existing capital of Banco Santander de Negocios SA (Brazil) to Banco Santander do Brasil. Santander built its Brazil operations out of the acquisitions of two medium-sized local banks, Banco Geral de Comercio and Banco del Noroeste. Santander initially acquired 51 percent of Geral de Comercio's voting shares and 49 percent of preferred shares, increasing its total stake to 61 percent in July 1998 with a capital subscription of $120 million. The Brazilian government gave Santander permission last May to raise its stake to 100 percent by purchasing the Camargo Correa shares. Santander is now the seventh largest private financial group in Brazil by assets and sixth largest by deposits with 550,000 clients. It has 448 points of sale, primarily located in the Southeast and South. Copyright 1998, Reuters News Service

To: Madharry who wrote (9586)	11/13/1998 3:03:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Armin, Tony...UBB earnings. How do these look to you guys? I haven't been following closely enough. Hope you guys have a feel, will save me some time. Thanks sf ================================================= Brazil's Unibanco 9-Mo Net Pft 312M Reals Vs 287M Dow Jones Newswires Uniao de Bancos Brasileiros SA (Unibanco)-Sao Paulo, Brazil Nine months ending September 30: Figures in reals (BRR) ($1=BRR1.19). 1998 1997 Net Interest Income 1.71 bln 1.72 bln Operating Profit 423 mln 468 mln Net profit 312 mln 287 mln Earnings per share (EPS)-a 3.15 2.95 a. per thousand shares SAO PAULO -- Uniao de Bancos Brasileiros SA (UBB) said Friday that its net profit for the nine months ended on Sept. 30 totaled 312 million reals (BRR) ($1=BRR1.19), an 8.7% increase over the same period last year. In a press release, the company said that during the period its average return over liquid assets was 14.5%, and that its average return over its median assets was 1.4%. For the period Unibanco had liquid assets of BRR2.86 billion.