Solid performers that buck the trend
Brazil is not the easiest of places to run a bank right now but Banco Itaú has had its best year ever in terms of profit and growth. The bank excels because of its adaptability to the volatility of the Brazilian market. “Living in Brazil is quite different to living in Switzerland,” says Roberto Egyudio Setubal. “It is more volatile. You have to learn what to expect and always be very smart about changes in the market.”
Banco Itaú has long pursued a strategy of growth through acquisition.
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