Brazil Banking & Financial Services Report Q4 2017
|出版日期||內容資訊||英文 64 Pages
|巴西的銀行、金融服務行業分析 (以季度為基礎) Brazil Banking & Financial Services Report Q4 2017|
|出版日期: 2017年08月30日||內容資訊: 英文 64 Pages||
BMI View: Brazil has the largest and most well-developed financial services sector in Latin America, with a comprehensive regulatory framework that is on a par with more developed states in some areas. The market is highly concentrated, dominated by large indigenous banking groups, and with an elevated level of public ownership. This presents barriers to entry for foreign and independent players, though there is still considerable potential for growth across all sectors due to the country's massive market and favourable demographics. The short-term outlook is clouded by intense political and economic risks that are likely to persist at least through to presidential elections in 2018.
The short-term outlook for Brazil's banking sector has deteriorated in line with a resurgence of political risk due to severe corruption allegations against interim president Michel Temer. With elections due in 2018 and the policy environment increasingly uncertain, businesses are likely to delay investment decisions, restricting demand for corporate loans. In addition, the country's major banks are facing probes as part of broader investigations into corruption and tax evasion, which could yet inflict further reputational damage. Beyond these short-term threats, Brazil has a large and developed banking sector, governed by a tight regulatory framework that has helped it navigate both the global financial crisis and then the country's worst recession in decades.