Further reading
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The leading neobanks in Brazil seem to have hit their stride in terms of profitability just as some of the traditional banks have stumbled. Are these firms the future of Brazilian banking? -
Banco Inter reported return on equity of 8.5% in the fourth quarter of 2023 but is now targeting a return on equity of 30% by 2028, CFO Santiago Stel tells Euromoney.
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
