Brazilian Banks Rank Most Powerful in South America

Posted on May 16, 2013 • Filed under: Brazil, Economy, South America

Terra reported on May 16, 2013, that according to Bloomberg Markets magazine, four Brazilian banks have emerged as the strongest in South America. Banks include Santander, Itaú, Bradesco and Banco do Brazil. According to Bruno Rocha; professor of Economics at the Federal University of Minas Gerais, Brazil’s stability, accessibility to change, and its ability to tightly control its credit portfolios and capital requirements, has allowed it to surpass other competitors in the region. Some of the weakest institutions are in Europe and the U.S. Read Article

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