Impact of pandemic on banks drops 50% in new stress test

The impact of the pandemic on banks, in a severe scenario of defaults by companies and vulnerable workers, fell 50% in the new stress test released by the Central Bank (BC). According to the Financial Stability Report, the Central Bank would have to contribute R$35 billion ($6.4 bn) in the simulation that considers a severe shock of covid-19 on the national financial system, which is half the previous test in May.

Source: Agencia Brasil