Spain's Banco Santander plans to continue expanding in Latin America despite uncertainty about financial instability in Brazil.

"The bank has clearly decided that Latin America is one of its natural growth areas," Bloomberg News Service quoted Ricardo Mandelbaum, chief executive officer of Santander Investment Securities Inc. as saying.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.