Banco Santander sold some 910 million euros

He sold the Chilean group CorpBanca by 1,225 million dollars (about 910 million euros).

The transaction Spanish financial group generated a profit of 615 million euros.

Banco Santander in the Latin American country has a workforce of around 1,400 employees and a network of 78 offices.

The Banco Santander sold Banco Santander Colombia and its subsidiaries in the country the group CorpBanca Chile by 1,225 million dollars (about 910 million euros), which Spanish financial group generated a profit of 615 million euros.

The Santander Group has informed the National Securities Market Commission (CNMV) has reached agreement with Corp Banca to sell business units in Colombia.

Banco Santander in the Latin American country has a market share of 2.7 percent in credit and resources, with amounts of 2,100 and 3,200 million euros, respectively, a workforce of around 1,400 employees and a network of 78 offices.

The transaction is expected to close in the first half of 2012 and is subject to obtaining regulatory approvals and a delisting tender offer aimed at the minority shareholders, owners of 2.15% of the bank's capital.

Businesses affected by the transaction (Banco Santander Colombia and the group's subsidiaries in that country) in 2010 reached a profit of $ 54 million, 0.5% of the total benefit of Grupo Santander.

The Santander Group to strengthen its balance the gains on the sale of Banco Santander Colombia and its other subsidiaries, amounting to 615 million euros.

UN expresses concern public spending

UN expresses concern over the policies of cutting public spending

They fear that financial constraints lead to "potential regressions."

He believes that the crisis "is the poor who bear the consequences."

Calls to protect the weak and not "private actors" who "were responsible for the current financial and economic tensions."

With the fear of an imminent collapse of the economy of Greece as a backdrop , the Human Rights Council of the UN in Geneva on Monday opened its eighteenth regular meeting expressing concern about cuts in public spending carried out by the major world economies. fears that social rights are cut in his speech at the first Council meeting, which will be collected until February 30, the UN High Commissioner for Human Rights, Navi Pillay, found "disturbing" the decision by some governments reform their laws to limit budget deficits and warned against "potential regression" in terms of economic and social rights. " As the debt crisis spreads to Europe, USA and elsewhere, we see a wave of drastic cuts in social and a worrying tendency of legal reforms to contain the budget deficit, "lamented Pillay. His statement coincided with the worsening crisis in the euro area , at the prospect of an imminent bankruptcy and exit from the euro by Greece, which again lead to sharp declines in major stock markets in Europe. 's intervention did resonate Pillay also the recent parliamentary approval in Spain for a reform of the Constitution to enshrine a deficit ceiling legislatively and ensure fiscal stability of the government. According the High Commissioner, many modifications in legal terms and policies are adopted "in response to market pressures" and argued that this may threaten the economic, social and cultural rights of citizens.