Profitability (while still high) though, moving forward, will need support to hold at these levels from somewhere given lower rate environment.
Brazil’s banks are super liquid: that means buybacks and acquisitions. They hold a cushion of Liquidity well in excess of what the regulator mandates.
Credit? Loan portfolio from banks fell 1.4 percent in the 12 months through October, to 3.05 trillion reais ($948 billion), according to central bank data.