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“Our goal is to reach the top five global banks by 2010,” states Eliana Sarno Politi, executive manager at Santander Brazil.
As a result, business growth has been a huge driver throughout the banking group, including Santander Brazil, the sixth largest private bank in Brazil with 5% of market share. Certainly, Brazil’s growing population and resurging economy offered potential for continued expansion.
“In 2006, we increased authorization approval rates by 8% and cut delinquencies in half. We’re extremely satisfied with these results. In fact, they went above our expectations.”
—Eliano Sarno Politi, executive manager, Santander Brazil
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