Banco do Brasil Flexes Muscle

Banco do Brasil Flexes Muscle

People Corporate & Sovereign Strategy Bonds Structured Finance Funds Brazil

by John Rumsey Talk about Brazilian banks to investors, bankers and the banking industry and the defining theme is credit. The business is growing rapidly, with outstanding credit in Brazil at 1.53 trillion reais in June, up 2.0% in a month and 19.7% in a year, according to data from the Central Bank of Brazil.  Market leader Banco do Brasil (BdB) expects the total market for credit to hit 2.0 trillion reais by December, an increase of 17.7% in just one year. There is plenty of scope for growth. At 45% of GDP, credit in Brazil lags behind other developing nations, Ivan Monteiro, BdB’s CFO tells LatinFinance. Chile has a credit-to-GDP ratio of over 60%. If credit is th

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial