Fitch Publishes Brazilian Banks Quarterly Report

RIO DE JANEIRO--(BUSINESS WIRE)-- Fitch Ratings has published its special report 'Brazilian Banks Quarterly Report - 4Q14: So far so Good, but Harder Times Ahead'.

In 2014, most Brazilian banks performed relatively well and managed to weather significant challenges in the operating environment. Asset quality held up and capitalization indicators remained adequate. However, Fitch expects sector profitability to decline in 2015 as a result of higher provisioning expenses, reflecting the weak economic environment. Overall, the agency expects the declines to be manageable and within acceptable ranges for the respective ratings of most banks.

The full report is available at 'www.fitchratings.com' and 'www.fitchratings.com.br'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Brazilian Banks: Quarterly Review - 4Q2014 (So Far So Good, but Harder Times Ahead)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863892

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Fitch Ratings
Esin Celasun, +55 21 4503-2626
Director
Praca XV de Novembro 20, 401B - Rio de Janeiro - RJ - Brazil
or
Pedro Carvalho, +55 21 4503-2602
Analyst
or
Media Relations
Elizabeth Fogerty, New York
+1-212-908-0526
[email protected]

Source: Fitch Ratings

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