March 9, 2021
Lenders in Latin America face $136 billion in losses in 2020 and 2021 followed by another $64 billion in 2022 as government aid tails off and countries around the region struggle to dispense vaccines during the COVID-19 pandemic, S&P Global Ratings said in a recent analysis.
Brazilian banks stand to lose $74 billion by the end of the year as loan defaults rise and loan growth falls by half in 2021 from 2020, S&P said. Mexican lenders, meanwhile, could post $20 billion in losses, the rati
Banks could write off $136 bln as defaults rise and government aid fades this year, rating agency says