Elizabeth Johnson

Director of Brazil Research
+44 (0)20 3002 7706

Grace Fan

Senior Analyst

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Recent Brazil research

* Brazil: Closer to the fiscal precipice, Grace Fan, Elizabeth Johnson, 17 Aug 2017
* Brazil: Is pension reform still possible?, Elizabeth Johnson, Grace Fan, 10 Aug 2017
* Brazil: The cost of Temer’s victory, Grace Fan, Elizabeth Johnson, 3 Aug 2017
* Brazil: Can the market really decouple from the political crisis?, Grace Fan, 28 Jul 2017
* Brazil: Can the market really decouple from the political crisis?, Grace Fan, 28 Jul 2017

See all our Brazil research >>

BRAZIL: Banks pile into payroll lending

Overview

As Brazil’s economy bounces back, local banks are again jostling for market share in the fast-growing consumer credit segment. The early August auction to disburse pensions held by Brazil’s National Institute of Social Security saw keen interest from both public and private banks. We believe consumer lending growth is sustainable on a medium-term view because of solid fundamentals, including declining unemployment, rising real incomes and the still low debt profile of Brazilian...

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