Brazil's near-term economic forecast is disappointing, with gross domestic product growth that, at best, may just exceed 1% in 2015. This has had a dramatic impact on its banks' expansion plans. Private sector lenders, such as Itau Unibanco and Bradesco, have tightened their lending policy, while state-run institutions Caixa Economica Federal and Banco do Brasil, which are tasked with supporting the economy through the extension of credit lines, are expected to relax their previously aggressive margins on loans and are braced for rising non-performing loans (NPLs). Upcoming presidential elections have added a further layer of difficulty to the market in recent months, with most in the finance community adopting a wait-and-see policy. Banks have put the brakes on lending, but this may open up opportunities to less conventional financiers, such as private equity funds.
展开▼
机译：巴西的近期经济预测令人失望，其国内生产总值增长率至多在2015年可能仅超过1％。这对其银行的扩张计划产生了巨大影响。像Itau Unibanco和Bradesco这样的私营部门贷方已经收紧了贷款政策，而负责通过延长信贷额度来支持经济的国有机构Caixa Economica Federal和Banco do Brasil有望放宽此前的贷款政策。激进的贷款利润率，并为不良贷款的增长做好准备。即将举行的总统选举在最近几个月给市场增加了更多的困难，金融界的大多数人都采取了观望政策。银行制止了放贷，但这可能会给诸如私人股本基金之类的不太传统的金融机构打开机会。
展开▼
