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Non-Tech : The Brazil Board

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To: Julius Wong who wrote (2400)	11/17/2023 8:42:06 AM
From: elmatador	of 2504

Brazil’s digital banks pull ahead on credit growth Rob Dwyer November 17, 2023 Sector shows strong profit performance in the third quarter as asset quality improves. Some of Brazil’s digital retail banks are leading a new credit cycle in the country. They are posting strong results on the back of an increase in consumer credit exposure, even before the banking system has registered a pick-up in credit demand. Data from the Brazilian central bank appears to show that retail non-performing loans (NPLs), which peaked in the first half of 2023, have now started to fall. Delinquencies are trending lower in the third quarter (down 10 basis points), but consumer credit demand is also still trending lower as loans to individuals decelerated by 189bp to 5.1% year on year in September 2023. euromoney.com

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