Icatu, Brazil Newswire
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RIO DE JANEIRO/SAO PAULO, December 16 Brazil's largest public and private banks are demonstrating that the cross selling of insurance products through their branch networks, or "bancassurance," aids their profits amid the country's macroeconomic sluggishness, says Fitch Ratings. Banco Bradesco, Itau Unibanco Holding S.A., Banco do Brasil and Caixa Economica Federal have adopted bancassurance strategies to varying levels where insurance now meaningfully contributes to their parents' overall earnings and represents positive business diversification, especially given the challenging operating environment for Brazilian banks in 2015. Comment?
Total Beverage Solution welcomes Brazilian beer brands, Xingu and Palma Louca to their expansive international beer brand portfolio. Along with Eurobrew Inc, previous importers of the premium brands, both companies are pleased with this new acquisition. Comment?
The Brazilian economy will grow less this year than in 2013, but policymakers remain on their guard to battle high inflation, the central bank said on Thursday, signaling borrowing costs could remain on hold for some time. Comment?
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