Bradesco Benefits From Improved Credit Quality as Loan Growth Slows
Banco Bradesco got off to a mixed start in its 2018 campaign and represents a continuation of many of 2017’s trends. The Brazilian bank appears to be great at increasing fee income while lending activity is hampered by interest rates and Brazil’s overall economy. During the first quarter, the bank generated recurring net income of BRL 5.1 billion, a 4.9% increase from the previous quarter. The big bright spot for the quarter was credit quality. Lower loan losses accounted for almost the entire i...
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