Tomahawk, WI 06/06/2014 (Basicsmedia) – Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a full-service bank that works primarily on three segments – Commercial Banking, Asset Management & Insurance and Global Wholesale Banking.

STJ’s Ruling Would Have A Negative Impact Upon BSBR
Banco Santander Brasil SA (ADR) (NYSE:BSBR), operating in Brazil and also internationally, has faced a scorching impact of Brazil’s Superior Court of Justice’s recent ruling on May 21, 2014. The STJ has duly passed a ruling in favor of many savings account holders, with disputed saving deposits remunerations, during the implementation of myriad economic plans during the late 80’s and 90’s. Moreover, the rule portrayed that those saving account holders who were related to the Verao Plan were also entitled to obtain interests, since the time these lawsuits were filed.

The Ruling And Its Impact

The STJ’s ruling doesn’t quite include those plans under dispute; final decision has also not been taken on the necessary amount payable for the plaintiffs. The outcomes of the claims made are uncertain; however, the decisions are bound to have negative implications upon major Brazilian banks. The contingency might lead to a deleterious impact upon two government-owned banks and three privately-owned commercial banks.

BSBR’s Positive Outlook Approach

On June 4, 2014, Banco Santander Brasil SA (ADR) (NYSE:BSBR) announced that it is organizing an Expo in association or partnership with ABF. The announcement was made to depict the importance of the upcoming ABF Franchising Expo 2014, and how it will pan out complete products and solutions of this sector.

BSBR Promulgates Its Micro-Credit Franchising Options

Banco Santander Brasil SA (ADR) (NYSE:BSBR) further announced that any business endeavor that has a current account with the bank and conforming to a minimal number of monthly transactions can be deemed eligible for a 100% slashed package rates in this Expo.

The Expo is centred on bringing interested business units together, on one parlance. They can seek for credit from BSBR at rates ranging between 1.33% and 1.65%, payable every month, within a maximum deadline of 15 years.

Financial Details And States Covered

Banco Santander Brasil SA (ADR) (NYSE:BSBR) intends to bring a new Microcredit scheme to the market, with a promise to boost business and ensure prosperous growth in this sector. However, apart from deductibles up to $80K as initial investments, interested parties who seek to notch the benefits of the micro credit product shall have to bear monthly fees within a gamut of 2.0% and 2.5%.

This would mature between 4 months to 2 years from the date of the financing, and is applicable for partners across 500 municipalities in the states of Sao Paulo, Rio de Janeiro, Paraiba, Piaui, Pernambuco, Maranhao, Bahia, Sergipe, Rio Grande do Norte and Alagoas.

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