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Santander Brasil forecasts more than 10% growth in loans for 2022

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Santander Brasil forecasts more than 10% growth in loans for 2022

Banco Santander (Brasil) SA released 2022 projections for some indicators, noting that it expects its loan portfolio to grow by more than 10% in 2022.

The bank's total loans were at 317.63 billion Brazilian reais at the end of the first half of 2019, according to the Oct. 8 filing.

The bank forecasts a 21% return on equity by 2022, down from 21.3% in the first six months of this year. It also forecasts a slightly improved efficiency ratio of about 38% three years from now, down from the current 39.4%.

Active customers will grow more than 7% on average by 2022 from 25.5 million customers in the most recent half, while Prospera customers are expected to grow from 368,000 at the first half of 2019 to more than 1 million in 2022.