trending Market Intelligence /marketintelligence/en/news-insights/trending/x9mhymax7vguefuec8waaq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Hyundai Capital, Santander Brasil to invest 33.3B won in auto finance JV

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


Hyundai Capital, Santander Brasil to invest 33.3B won in auto finance JV

South Korea's Hyundai Capital Services Inc. and the Brazilian unit of Spanish lender Banco Santander SA will invest in an auto financing joint venture with a total paid-in capital of 33.30 billion won, Money Today reported, citing industry sources.

The joint venture, which was established under an agreement signed by Hyundai Capital Services and Banco Santander (Brasil) SA in 2016, received regulatory approval from the Brazilian government and the Central Bank of Brazil in 2017.

As part of the deal, Hyundai Capital will convert its office in Brazil into a corporation and will apply for a business license later this year, with plans to commence operations in early 2019.

Hyundai Capital, a majority-owned subsidiary of Hyundai Motor Co., held an 11% market share in Brazil in 2017 and has auto financing operations in the U.S., the U.K., Germany, China and Canada.

As of March 19, US$1 was equivalent to 1,071.93 South Korean won.