2005 financial leaders: the top 100 banks, pension funds, insurers and brokerage houses.Any government can boast healthy economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. , but the people won't be impressed unless their lives are any better. High commodity prices can push up gross domestic product and that may be a good thing, but demand for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. is often better news--it means people have enough saved up to buy things like houses or insurance. Apparently, that has been the case in Mexico. Economic growth and lower interest rates have banks eager to offer mortgages at attractive terms. In Brazil, the banking sector looks like your grandmother's quilt--patchy at best. No one institution controls a large chunk of the lending market, and global consolidation hasn't totally changed the Silo silo, watertight and airtight structure for making and storing silage. Silos vary in form from a covered pit, such as was used by the early Romans, to the modern storage tower, dating from the 19th cent. Paulo skyline--the biggest private banks in Brazil are Banco Itau and Banco Bradesco Banco Bradesco, short for Banco Brasileiro de Descontos, that is 'Brazilian Discount Bank', is one of the Big Four banks in Brazil, the others being Banco do Brasil, Banco Itaú and Unibanco. Bradesco is the largest private bank in Brazil. , both domestic institutions. While credit demand is on the rise in Brazil, high interest rates and taxes often keep the little guy out of the picture. Small businesses in Brazil are digging into their own pockets to grow. Overall, demand for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. continues to expand, and that's why this year LATIN TRADE compiled its first-ever list of the region's top Financial Leaders, which adds pension funds, insurers and brokerage houses to our annual ranking of top banks. As demand for financial services improves, so do the lives of those who borrow. |
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