Tag: Itau

• Monday, November 13th 2023 - 10:55 UTC

  Private researchers underscore Paraguay's economic progress

  

  Private economic studies published recently showed Paraguay was on an upward trajectory. According to Banco Itaú, the South American country's economic activity expanded in the second quarter of 2023 following the normalization of agricultural production after a severe drought last year. In this scenario, the Gross Domestic Product (GDP) growth projection for the end of the year remained at 5.6%, the research showed.

• Saturday, August 8th 2020 - 08:18 UTC

  Brazil's leading banks giving repayment extensions to some US$ 44bn in outstanding loans

  

  Brazil’s top four listed lenders are giving months-long extensions for consumers and companies to repay 235 billion reais (US$ 43.98 billion) in outstanding loans, a move to give financially squeezed borrowers a breathing room.

• Wednesday, August 5th 2020 - 08:50 UTC

  Leading Brazilian private bank admits difficulties with loan default

  

  Itaú Unibanco Holding SA’s Chief Executive Candido Bracher said on Tuesday that next year he sees Brazil’s 90-day default ratio reaching higher levels than in a previous crisis.

• Thursday, November 7th 2019 - 09:23 UTC

  Brazil's leading bank affected by political instability in Argentina and Chile

  

  Political instability in Argentina and Chile is taking a toll on Itaú Unibanco Holding SA’s businesses beyond its home market of Brazil, Chief Executive Candido Bracher said on Tuesday.

• Tuesday, April 16th 2019 - 08:59 UTC

  Credit risk agencies lower Brazil's growth estimates for 2019

  

  JPMorgan Chase & Co and Barclays became the latest financial institutions to lower their estimates for Brazil’s economic growth this year, on the back of weak activity data and increased political uncertainty.