'Brazil needs to rebuild itself,' says Bradesco's president.
According to Bradesco's president, Luiz Carlos Trabuco Cappi, banks will have to actively participate in the adjustment process for companies and consumers, creating space for the Brazilian economy to grow again. This movement should occur after a year marked by companies and creditors sitting at the table to renegotiate debts and extend maturities, which prevented the collapse of many companies. After a 2016 that demanded dedication in managing defaults and culminated in the shrinking profits of large banks after years of expansion, the executive sees the outcome of the crisis already addressed. "The way out of the crisis will be gradual and rhythmic," assesses Trabuco.
247 - According to Bradesco's president, Luiz Carlos Trabuco Cappi, banks will have to actively participate in the adjustment process for companies and consumers, creating space for the Brazilian economy to grow again. This movement should occur after a year marked by companies and creditors sitting at the table to renegotiate debts and extend maturities, which prevented the collapse of many companies. After a 2016 that demanded dedication in managing defaults and culminated in the shrinking profits of large banks after years of expansion, the executive sees the outcome of the crisis already addressed. "The way out of the crisis will be gradual and measured," assesses Trabuco.
The information is from Report by Aline Bronzati in Estado de S.Paulo.
"Trabuco highlights the role of banks in the economic recovery and assures that the institutions are willing to participate in infrastructure projects launched by the federal government, but that this will depend on the guarantee model to be adopted."
Furthermore, the executive sees infrastructure projects as a "growth bonus" for the country and says that financial institutions have the liquidity to participate in this process, but everything will depend on the guarantee model that will be adopted. "Credit is never a problem."