Brazil Banks Don't Expect Bad-Loan Surge But Provision BillionsBy
Bradesco, Itau squirrel away $17 billion as recession deepens
Both banks say bad-loan rates won't return to 2009 peak
As top executives at Banco Bradesco SA and Itau Unibanco Holding SA say Brazil’s crisis won’t lead to skyrocketing delinquencies, they’re squirreling away billions of dollars in provisions for bad loans just in case.
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