7. Banco Santander (Brasil) ( BSBR) is a Brazilian full-service bank having the fourth-largest asset base in the country. The bank operates in three business segments: commercial banking, wholesale banking, and asset management. Lower loan loss provisions boosted net income to 18% during 2011 first quarter. Aided by individual loans and SMEs, the bank's loan portfolio grew at a robust 17.6% year-over-year at the end of March. Nearly 50% of the bank's lending supports the retail segment. Net interest income was up 11.5% over the same period in 2010. Non-performing loans dipped 6.4% during the March quarter, narrowing 140 basis points year-over-year. The coverage ratio is comfortable at 98.1%. BSBR's return on equity improved to 11.7% during the latest first quarter, compared to 10.5% in the same period last year. Return on assets stood at 2.2% during the quarter, flat versus the first quarter of 2010. Analysts expect the stock to deliver an upside of 34% with buy ratings of 55%. The stock is trading at 10.4 times its 2011 earnings.