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Santander keeping plans in Argentina for new consumer finance division

Santander keeping plans in Argentina for new consumer finance division
FILE PHOTO: A woman walks past Santander bank branch in Rio de Janeiro October 7, 2009. REUTERS/Sergio Moraes Copyright Sergio Moraes(Reuters)
Copyright Sergio Moraes(Reuters)
By Reuters
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SAO PAULO (Reuters) - Banco Santander SA <SAN.MC> is keeping its plans to create a consumer finance division in Argentina despite the election of Peronist president Alberto Fernandez, the bank`s regional head for South America told journalists on Wednesday.

Sergio Rial, who is also Chief Executive Officer of Banco Santander Brasil SA, was named head for South America in April as Santander seeks to ramp up growth in its key emerging market region.

(Reporting by Carolina Mandl)

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