November 1, 2011
by Ben Miller
Its always been a close race between the top three banks in Brazil. But Bradesco has won particularly high points at a time when the countrys banks are contending with government macro-prudential measures, inflation worries, a potential credit bubble and now a slowdown in economic growth.
Despite the somewhat uncertain outlook, the Brazilian banking giant has been able to maintain strong profitability ratios, a diversified portfolio base and healthy reserve cushions.
Banks in Brazil and Bradesco in particular go into the slowdown with comfortable levels of loan loss reserves, are well-capitalized and with margins capable of absorbing big losses
Bradesco’s balanced approach to banking has left it well prepared to weather any downturns as it builds market share in key sectors. Organic growth is a top priority