Demonstrated support and commitment from shareholder Strong market position as the largest bank in Latin America Extensive distribution network and ample access to low-cost funding Sound liquidity Exposure to sovereign credit risk and economic risks in Brazil Lower capitalization than peers and a capital base that is comparatively worse than at private-sector banks Profitability below that of its peers Standard & Poor's Ratings Services' ratings on Banco do Brasil S.A. (BdB) incorporate the bank's ownership by the Federative Republic of Brazil (foreign currency: BBB-/Positive/A-3; local currency: BBB+/Positive/A-2). The controlling shareholder historically has demonstrated financial support and commitment to the strength of BdB's franchise while influencing the bank's strategic direction. The bank benefits from a strong competitive position as the largest...
Companies mentioned in this report are:
- Banco do Brasil S.A
- Brazil (Federative Republic of)
- Banco Patagonia S.A.
- Banco Votorantim S.A.
- Banco Nossa Caixa S.A.
- Ativos S.A. Securitizadora de Creditos Financeiros
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Research Type: Full Analysis