The banking world faced a hard financial year in the end 2014 because of the anomaly that was on the Brazilian banks. Brazilian banks suffered hardships alongside the economies. Under Dilma Rousseff’s populist policy they recorded no economic growth. Read more: Igor Cornelsen fala sobre os bancos brasileiros e o que fazer antes de investor
The entire Brazilian economy dwindled in that year except for the two top banks that recorded two-third percent rise of shares. The two banks Itao Unibanco ITUB and Banco Bradesco also recorded a rise in profit.
The third quarter of Itao rose to thirty-eight percent while that of the Bradesco rose to twenty-eight percent.
The Brazilian banker and investor Igor challenges the fall. Igor Cornelsen says that the solution to such fall lies in the secret of market knowledge and experience during the turbulent years. From the analysis, it is clear that the Brazilian bankers only offer loans to those they find worthy.
However, by doing this, the line of the cost is streamlined. When they do this, they satisfy themselves with the security that lies ahead of them.
Therefore the bankers would ignore the less credited people. The less credited people will then end up running to public sector banks or cash-based spending while others may opt to leave their business plans completely.
This is the major cause of low development in the country and the macro-economy. For success, the government should focus on enforcing market-oriented reforms to create security to the investors. Learn more about Igor Cornelsen: https://bs.linkedin.com/in/igor-cornelsen-86830840 and http://igorcornelsenbr.snappages.com/
Brazil is still attracting interested investors besides this unpromising climate. This is because the growing economy in Brazil calls for investments in infrastructure to boost the booming population.
Brazil is more over the largest country on the continent and is among the world’s top food producer. However much the year 2014 was frustrating, Cornelsen finds many investors focusing their interests on the Brazilian banking. Therefore Igor Cornelsen advises the busy investors before they step their feet into that business world.
Brazil economy is the continent’s largest economy and makes the eighth largest economy in the world. This economy is only contributed to by ten top privately operated commercials and investment banks. Banco Itau merged with Unibanco in the year 2008 and had recorded tremendous growth since then. Igor Cornelsen says that a new face could the economy of the country.
With Joaquim Levy as the finance minister, Brazilian banks have a new hope since he has a different view of the fiscal reform compared to president Dilma Rousseff’s populist idea.