Despite Labor Strikes Bradesco's Loan Growth and Credit Quality Improves in 2Q
There was little in Banco Bradesco’s quarter that would materially change our view on the company and Brazilian banking environment. The Brazilian lender saw a 5.1% year-over-year decrease in net interest income to BRL 14.9 billion as the bank continues to struggle with declining interest rates. Though rates have limited Bradesco's ability to generate higher yields, the bank has been able to grow its loan portfolio. During the second quarter, Bradesco grew loans at a 6% sequential rate. Though t...
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