Brazil
News

Brazil's Banestes expects stronger loan growth

Bnamericas Published: Tuesday, February 19, 2019
Brazil's Banestes expects stronger loan growth

Mid-sized Brazilian bank Banestes expects its loan book to expand up to 10% this year on the back of a stronger economy.

After expanding an estimated 1.3% last year, local economists forecast that Brazil's economy will expand at around 2.5% this year.

Controlled by the state of Espírito Santo, Banestes' loan portfolio totaled 5.9bn reais (US$1.57bn) at the end of 3Q18, the most recent figure available, up 8.1% year-on-year.

Banestes will in the coming days releases its full-year financial results for 2018.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.