Outlook for Brazil Is Very Positive, Says Santander's CFO

The transcript covers various economic topics, including Brazil's economic outlook under a new president, Santander's capital and dividend strategy, the potential impact of Brexit on Santander's UK operations, and a Spanish Supreme Court ruling affecting banks. The discussion highlights optimism about Brazil's economy, the importance of building capital, resilience in the UK market despite Brexit uncertainties, and potential cost implications for banks in Spain.

What was the main reason for the decline in Brazil's profit?

• Decreased demand

• Currency volatility

• Political instability

• Increased competition

What is the company's target capital ratio?

• 12%

• 11%

• 13%

• 10%

How does the company view the relationship between capital building and dividend payouts?

• They are irrelevant

• They are mutually exclusive

• They are incompatible

• They are completely compatible

What is the company's stance on the potential impact of a moderate recession in the UK?

• It would severely impact the business

• The business is resilient enough to cope

• It would lead to significant losses

• It would require immediate restructuring

What could be the consequence if the Spanish Supreme Court rules that banks must pay the stamp duty?

• Immediate refund to customers

• Decrease in mortgage costs

• Increase in mortgage costs

• No change in mortgage costs