The Q1 2017 results of the Brazilian banks might mark the beginning of an inflection point for the country’s credit performance, according to Fitch Ratings.
The rating agency believes that the signs of stabilization of the banks’ non-performing loans (NPLs) in the first quarter of this year could be the beginning of a turnaround in the country’s hitherto long-deteriorating credit performance and depressed credit demand.
Data from the Brazilian central bank, published in May, show that the system’s NPL ratio increased only marginally (3.8%
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