Mario Pierry
Mario Pierry
banks developed emerging growth larger markets potential shares
Shares of banks in emerging markets have a much larger growth potential than banks in developed Europe.
branch building cost expensive paying per price
I think they are paying a very expensive price for the bank. They are paying US$35mn per branch. The cost of building a branch shouldn't be more than US$1mn.
accounts banks hispanic open people population served states united
They see this big Hispanic population in the United States being served by U.S. banks and they want to get those people to open accounts with their bank.