Santander's pivot to LatAm hikes trading risk

Interest rate risk in Brazil pushes average VAR higher

Banco Santander’s pivot to Latin America elevated its trading risk over the three months to end-March.

The Spanish bank disclosed that its trading portfolio value-at-risk averaged €13.5 million ($15 million) in the first quarter – 32% higher than in Q4 2018 and up 20% year-on-year. 

Of this total, before taking diversification effects into account, the Latin American portfolio made up €12.2 million, up from €10.1 million the prior quarter, and €9.4 million in Q1 2018. European exposures made

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here