Yudi Fernandez's questions to Banco Santander Brasil SA (BSBR) leadership • Q2 2025
Question
Yudi Fernandez of JPMorgan Chase & Co. inquired about the top-line and NII outlook for the next 12-24 months, questioning the sustainability of strong spreads given weak loan volume and whether the strategy relies on an improving market NII.
Answer
CEO Mario Roberto Opice Leão emphasized that the bank's primary focus is profitability over volume. He identified opportunities for profitable growth in consumer finance, high-income individuals, and wholesale. He stressed that top-line growth will be driven by disciplined spreads, an improved retail funding mix, and a significant expansion of fee-based income from cards, insurance, and capital markets, ensuring a diversified revenue stream.