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Brazil banks are prepared to face new economic shocks – Central Bank

RIO DE JANEIRO, BRAZIL - "In the first half of 2021, the SFN kept provisions high, expected credit losses were reduced, banking system capitalization improved, and liquidity remained stable. This performance is in line with the positive developments in the Brazilian economy, in a period of partial recovery of the economic agents' confidence and the progress of the vaccination campaign," the Central Bank reported.

Nevertheless, the agency alerts to the uncertainty surrounding the pace of economic growth, given the risk of new variants of the coronavirus spreading, the difficulty for some production chains to access inputs, as well as potential issues . . .

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