Business Daily.
.
A+ R A-

Fitch: Brazilian Banks' 1Q Results Show Higher Credit Costs

E-mail Print PDF
SAO PAULO--(BUSINESS WIRE)--The asset quality of Brazilian banks broadly deteriorated over the first quarter of 2015, yet many of the country's banks, particularly the larger private banks, demonstrated profit resilience, says Fitch Ratings. Asset quality deterioration was in line with Fitch's expectations outlined in March. In general, Brazil's small and midsize banks were outperformed by their larger peers. Across the 21 banks covered in Fitch's report published today, loan loss provisions ro

imageimage
Grow Your Business with Times Media
Business Daily Media