Bank of the Year Brazil

Bank of the Year Brazil

Corporate & Sovereign Strategy Bonds

Amid Brazil’s difficult political and economic environment, Banco Bradesco stands out against its peers for the diversification of its business, including its hefty insurance division.With insurance revenues often inversely correlated to economic performance, the size of the business has set the bank in good stead. Bradesco’s insurance operations are seen as one of the most efficient bank-owned operations regionally. The business accounted for 29% of the bank’s earnings in the second quarter, while credit intermediation and fees represented 34% and 28%, respectively. Securities and other instruments made up the remaining 9%. Bradesco was swept up in Fitch Ratings’ wave of bank down

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