Worst Brazil default cases already happened, Bradesco CFO says
SAO PAULO Jan 29 (Reuters) - Many of Brazil's biggest corporate loan defaults cases have already happened and been dealt with, a senior executive at giant private-sector lender Banco Bradesco said on Friday, underscoring a prudent tack on loan book quality as the nation struggles with a deep recession.
Loan-loss provisioning policies this year will, however, remain similar to those of 2015, when the bank set aside aggressively more money to counter loan-related losses, Chief Financial Officer Luiz Carlos Angelotti said at a conference call to discuss fourth-quarter results.
Non-voting shares of Bradesco shed 0.2 percent on Friday. (Reporting by Guillermo Parra-Bernal)
© Thomson Reuters 2016 All rights reserved.