Banks distribute $12 billion in dividends to shareholders in 2019

The volume of dividends that large banks in Brazil paid out to their shareholders in 2019, with the exception of Itaú Unibanco, was R$52 billion ($12 billion), almost 26% more than in 2018. Itaú Unibanco distributed 66.2% of recurring net revenues for 2019, compared to 89.2% the previous year. The decrease in the proportion of dividends was reflected directly in the pocket of the shareholders of Itaúsa, the holding company that controls the bank.

Source: Istoé

Itaú, Bradesco estimate 2.2% to 2.5% Brazil GDP growth in 2020

Itaú Unibanco and Bradesco, Brazil’s two largest banks, maintain their estimates of 2.2% to 2.5% Brazil GDP growth this year, although they warn that the next two months will be crucial for the government. This is due to the below-expected productive activity in December and slightly contradictory economic indicators in January. The market still sees favourable points in civil construction, in the record agricultural harvest, in household consumption, and, mainly, in the increase in credit, although the general unemployment rate tends to remain around 11%.

Source: Folha de S.Paulo