Bradesco comfortable with provisions as Brazil defaults stabilize
SAO PAULO Oct 29 (Reuters) - Loan-loss provisions at Banco Bradesco SA are currently at levels deemed comfortable, as Brazil's No. 2 private-sector bank expects defaults to rise slightly and gradually over the coming quarters, executives said on Thursday.
Bradesco is managing to lower fundraising costs, which is allowing it to capture a bigger portion of credit spreads as the risk perception of Brazilian borrowers worsens, Chief Financial Officer Luiz Carlos Angelotti said at a conference call to discuss third-quarter results. (Reporting by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)
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