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Bradesco sees credit as way to help Brazil reduce idle capacity
August 24, 2017 / 10:25 PM / 3 months ago

Bradesco sees credit as way to help Brazil reduce idle capacity

SAO PAULO (Reuters) - Demand as well as disbursements for working capital and other short-term loans are growing at Banco Bradesco SA (BBDC4.SA), signaling that factory and services activity in Brazil are poised to recover gradually, Chief Executive Officer Luiz Carlos Trabuco said on Thursday.

Trabuco told investors at an event in São Paulo that the country’s return to growth is matter of “when, not if.” He noted that loan origination has improved recently, helped by payroll and mortgage credit.

Reporting by Gabriela Mello, writing by Guillermo Parra-Bernal, editing by G Crosse

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