Fitch Publishes Brazilian Banks Quarterly Report

April 6, 2015 6:46 PM

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(The following statement was released by the rating agency) RIO DE JANEIRO, April 06 (Fitch) Fitch Ratings has published its special report 'Brazilian Banks Quarterly Report - 4Q14: So far so Good, but Harder Times Ahead'.

In 2014, most Brazilian banks performed relatively well and managed to weather significant challenges in the operating environment. Asset quality held up and capitalization indicators remained adequate. However, Fitch expects sector profitability to decline in 2015 as a result of higher provisioning...

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