Banco Santander - An unusual high dividend yield banking stock

[freedom]

Freedom, why is Brazil a major blip to Santander future profit. Is something wrong with the brazil economy currently?

Banco Santander is listed on several countries stock exchange, its primary listing is Spain. Btw Keppel Corp can be bought and sold in US as well through ADR.

Brazil, just like Australia, is a natural resource country. for years, it feeds on the appetite from China for its growth. Now that China's growth is just a bit slower(but still huge growth compared to the rest of the world), both Australia and Brazil already feel the pinch. China's growth will continue to slow down the pace of its growth, I don't see a bright future for both countries.

Another problem in Brazil, its NPL is quite high; especially, after its central bank started to lower the interest rate and the national banks started to push consumer interest rate lower.

Like India, Brazil also faces capital outflow problem, with its currency plunging. Brazil need to fix its current account problem.