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BTG Sees Shot at Brazil Loan Growth as Government Banks Retreat

  • Better credit quality also whets appetite, vice chairman says
  • BNDES, Banco do Brasil, Caixa are shrinking balance sheets

Brazil’s state-owned banks are retrenching, and Banco BTG Pactual wants to pick up the slack.

“The opportunity for us in the credit market is very attractive,” BTG Vice Chairman Huw Jenkins said in an interview at the World Economic Forum in Davos, citing shrinking balance sheets at BNDES, Banco do Brasil SA and Caixa Economica Federal.