According to the article on the PRNewswire.com, the world of banking was left thinking hard with puzzlement over the Brazil’s banks anomaly at the end of the year 2014.
While banks usually suffer along with the economies that are troubled; and without economic growth under the populist policies of Dilma Roussef, the economy of Brazil was troubled at the end of the year. Learn more about Igor Cornelson: http://positivethefacts.com/2017/09/5-ways-to-make-your-business-healthier-investment-advisor-igor-cornelsen-gives-his-insight/
The top two private banks in the country, Banco Bradesco (BBD) and Itau Unibanco (ITUB), saw shares increase by one-third during the year 2014. Also, they saw solid profit increases: Bradesco’s rose 28 percent; the third-quarter net of Itau jumped 36 percent from the previous year.
So how do the banks in Brazilian successfully deal with that problem? According to Igor Cornelsen, a top Brazilian banker as well as an investment expert, the secret is understanding of the market, as well as experience over other rough years.
Igor Cornelsen said that Brazilian bankers who are in the private sector are just lending to borrowers who’re the worthiest of credit. That streamlines costs as well as provides the banks with security looking ahead. Read more: Investing in the Future Success
That means individuals with less desirable credit are supposed to focus public sector banks, spending that is cash-based or abandon their business plans, which is a challenge to the large-scale economic system as well as the country’s development.
The best thing the government of Brazil might do for investors to feel secure is introducing more market-oriented reforms plus fiscal austerity.
In such climate that is uncertain, why would any person consider Brazil? Natural resource abundance plus a rising need for infrastructure development for supporting a population that is booming makes Brazil South America’s most attractive market. Brazil is among the top food producers in the world, plus the largest nation on the continent.
Igor Cornelsen explained that before someone looks to any investment, they must understand the bare-bones, the basics. That’s why he created a designed a short and simple profile for investors who are busy to brief before they consider the stock of Brazil for their portfolios. The Basics of Cornelsen on Brazilian banking are:
- Brazilian banks have a total of ten major players.
- A fresh face can turn things around.
- Pay attention to China.
- The real value of the real.