Navigating Brazil’s Recession: Banks Focus on Profitability as Economic Crisis Deepens
|The 2015 results season demonstrated the banking sector’s resilience in this challenging operating environment.|
Bank profitability is likely to remain pressured this year with little sign of a recovery on the horizon. As a result of Brazil’s economic crisis, lenders have been forced to tighten credit conditions and significantly increase provisions to protect against deteriorating asset quality levels. This report looks at the state of Brazil’s banks.
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