Bradesco notes increasing delinquency as inflation, rate hikes hit customer

Brazilian lender Banco Bradesco SA reported an increase in default rates in the second quarter of 2022, an upward trend that left analysts surprised during an Aug. 5 conference call. Bradesco, the second-largest private bank in Latin America, reported a 30-basis-point increase in its average 90-day nonperforming loan ratio. Delinquency in the broad portfolio went up to 3.5% com...

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Aug 2022

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Green bonds lose momentum in LatAm as Q2 issuance sinks below $300M

Pure green bond issuance in Latin America plummeted to a three-year low in the second quarter due to greater risk aversion on global markets and a preference for other sustainable bonds by local players. Environmental-focused debt operations during the period fell 88.7% year on year to $270 million according to the Climate Bonds Initiative, a U.K.-based company that tracks gree...

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Jan 2022

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Few LatAm financial M&A deals expected in 2022 after 33% YOY drop in Q4'21

Financial M&A deals in Latin America fell 33% year over year in the fourth quarter of 2021 and may continue to dip in 2022. The number of operations totaled 26 versus 39 in the last quarter of 2020, down from 29 in the third quarter of 2021, data compiled by S&P Global Market Intelligence shows. Deal-making in 2022 is likely to be derailed as Brazil heads for political uncertai...

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