| Brazilian banking sector is strong, diversified and | | | | mostly unaffected from global credit crunch. The |
| adequately capitalized. Its high levels of | | | | deposits grew at a CAGR of over 29% during |
| capitalization have allowed it to weather the | | | | 2002-2008 with people still believing banks as the |
| recent global credit crunch well. Despite the | | | | safest place for keeping their money and earn |
| economic slowdown, the credit extension as well | | | | stable returns. Therefore, the deposit/GDP ratio in |
| as bank deposits continued increasing in 2008 and | | | | the country is found to be very high by both |
| are expected to maintain the pace in the coming | | | | regional as well as international standards, having |
| years also. | | | | achieved an estimated 70% in 2008. |
| With a favorable ratio of long-term to short-term | | | | Our report “Opportunities in Brazil Banking |
| deposits and a relatively low reliance on wholesale | | | | Sector” provides detailed analysis of the |
| funding coupled with cautious credit policies, the | | | | banking sector in Brazil. It gives deep insight into |
| banking sector in the country is expected to | | | | each of the banking parameters like assets, loans, |
| continue recording sizable growth in the coming | | | | deposits and payment instruments. Most |
| years. In terms of assets, the sector is expected | | | | importantly, the report gives future outlook for |
| to grow at a CAGR of nearly 10% during | | | | each of the important industry aspects (assets, |
| 2009-2013, as per our new research report | | | | loans, deposits, etc.), considering the effects of |
| “Opportunities in Brazil Banking Sector”. | | | | global economic crisis on base drivers, |
| There has been huge demand for bank loans in | | | | opportunities and challenges faced by the banking |
| the recent past, mainly due to the release of | | | | sector in the country. |
| long-repressed demand in the consumer sector. | | | | Additionally, the report contains detailed |
| However, the corporate credit also grew strongly | | | | information of key industry players (both |
| in the past two years. Strong appetite for | | | | domestic and foreign), their business strategies |
| personal credit was stimulated by a marked | | | | and market share. The key players discussed in |
| recovery of real incomes and increased | | | | the report are Itaú-Unibanco, Banco do Brasila, |
| confidence in the prospects for continued | | | | Banco Bradesco, Banco Santander, HSBC and |
| macroeconomic stability. | | | | CitiBank. |
| Moreover, the deposits in the system remained | | | | |