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Brazil's Bradesco sees defaults climbing further this year
July 29, 2016 / 12:41 PM / a year ago

Brazil's Bradesco sees defaults climbing further this year

SAO PAULO, July 29 (Reuters) - Loans in a arrears at Banco Bradesco SA will probably climb to around 4.9 percent of outstanding credit, executives said Friday, reflecting the impact of a recession and a decision by Brazil’s No. 3 listed bank to put the brakes on loan disbursements. (Reporting by Guillermo Parra-Bernal; Editing by Bernadette Baum)

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