Economists have lowered the economic growth forecast for Brazil for this and the next few years. In their view, inflation will negatively affect the economy of the leading countries in Latin America. Read more »
Latest News and Articles
Brazilian real continues to show weakness and reduced to the dollar for six consecutive days. The Central Bank and a the Finance Ministry are working together to prevent a collapse in currency and debt markets. Read more »
Brazil intends to support the rapidly falling national currency. Country’s central bank announced that it would carry out foreign exchange intervention and the end of the year is going to spend for this purpose about of $ 60 billion. Read more »
The Brazilian economy has once again disappointed analysts in the I quarter of 2013 Incentives of President Dilma Rousseff could not help producers and consumers, fearful of rising inflation, have been slow to spend their money. Read more »
Brazilian Real hit four-year low, forcing the Central Bank to re-enter the market, while inflation accelerated more than expected.
Brazilian Real last month fell by 6.7% against the dollar. Read more »
Last Added Banks:
Banco do Brasil (Bank of Brazil or BB) is a Brazilian financial institution, incorpoorated as a mixed company, with participation of the Brazilian Government in 73% of the shares. Along with Caixa Economica Federal, Banco Nacional de Desenvolvimento Economico e Social, Banco da Amazônia and Banco do Nordeste, Banco do Brazil is one of five state-owned banks by the Brazilian government. Read more »
HSBC Brasil Bank is part of HSBC Group, an international corporation based in London and present in 80 countries and territories.
Citibank Brasil is a subsidiary of U.S. financial institution of origin U.S headquartered in Sao Paulo. Read more »
Santander Brasil Bank is a subsidiary of Banco Santander in Brazil. It came to Brazil in 1982 with a representative office and nine years later in 1991 started the operations of Santander Investment. Now the Brazilian operation unit corresponds to 50% of the Group’s profit. Read more »
Banco Itau is a Brazilian bank headquartered in São Paulo. It is the arm of Itaú Unibanco Holding SA, which offers finance and insurance to tens of millions of customers, operates in more than 27 countries. The bank became the largest bank in the South America after announcing the merger with Unibanco on November 3, 2008, surpassing its historic rival, Bradesco. Read more »
Caixa Economica Federal (CEF), also known as just Caixa Economica is a financial institution, in the form of public enterprise of Brazilian federal government with its own assets and administrative autonomy based in Brasilia (DF) and branches throughout the country. CEF act as an agency under the Ministry of Finance of Brazil. Read more »
Banco Votorantim is positioned among the top ten banks operating in Brazil in terms of total assets, which totaled R$ 46.0 billion in 2005 (25.9% increase compared to the previous year). Stands out for the consistency of the results, with average annual growth of 40% in the last five years, reflecting the agility to anticipate market trends and skills in structuring financial transactions tailored to its customers. The bank is among the 600 largest domestic and multinational companies operating in the country, institutional investors and individuals with private profile. Read more »
Bradesco bank is the second largest private bank in Brazil (in total assets). It was founded in 1943 in Marília, São Paulo, by Colonel Galdino de Almeida and grew mostly through mergers and acquisitions. Its original name was Casa Bancária Nogueira & Almeida, and then, Banco Brasileiro de Descontos S.A., whose acronym was “Bradesco”, which became the company name. Read more »