“Brazil’s large banks are not idle and profitability grows” – Moody’s

Whoever saves money, has money. The cautious, the banks and the Treasury know this.

RIO DE JANEIRO, BRAZIL - It is no coincidence that in one year, and in the next, the government's hunger for tax collection targets institutions to reinforce their own cash flow or to finance some benevolent package.

Next year should be no different because the profitability of banks increases.

"Financial institutions' indicators are improving. And the idea is that returns will increase with the economic rebound prospects. Profits should increase with loans, although banks are more selective, and also with the intensification of cost reduction," says Alexandre Albuquerque, vice president at Moody's Investors Service, who sees no drama in . . .

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