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Carlos Eduardo Guimarães, chief executive of Banco Pan, is confident that the spike in delinquencies at the lender that was caused by what he calls a “mini bomb” in Brazil’s credit market, has now been absorbed.
“The government injected a lot of money into individuals, and they didn’t have anything to spend their money on, so delinquency rates at the beginning of 2021 were at an all-time low,” he tells Euromoney.
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