Powered by

Brazil - Has Brazil's storm passed?

Sep 01, 2017 - The Banker

After two years of the worst recession experienced in decades, and unprecedented corruption scandals that tainted political and business elites, Brazil's largest banks now look in good shape. ItaA Unibanco, Bradesco and Santander - the largest privately owned groups in the country - closed 2016 with pre-tax profits significantly higher than a year earlier: 150% and almost 300% growth for ItaA and Bradesco, respectively. There was an even more significant improvement for Santander, which turned t...