Banco Bradesco SA's , Brazil's second largest private-sector bank, is unlikely to be affected by a potential wave of corporate defaults and restructurings in Brazil thanks to its strict and careful risk assessment policies, executives said on Friday. While specific credit events could happen more frequently this year, they are unlikely to "significantly impact Bradesco's asset quality or force the bank to raise provision levels," Chief Financial Officer Luiz Carlos Angelotti said in a conference call to discuss fourth-quarter earnings.Asked how Bradesco will deal with Moody's Investors Service's decision to lower state-controlled oil producer Petr�leo Brasileiro SA's debt ratings, Angelotti said Bradesco "always carefully analyzes all situations with our clients on a case-by-case basis." He declined to elaborate.
Banco Bradesco S/A (the Bank) is a Brazil-based bank. Shares of BBD fell by 1.4% or $-0.19/share to $13.34. In the past year, the shares have traded as low as $10.23 and as high as $18.67. On average, 8958300 shares of BBD exchange hands on a given day and today's volume is recorded at 8086848.
Shares of BBDO fell by 3.9% or $-0.52/share to $12.83. In the past year, the shares have traded as low as $11.07 and as high as $18.25. On average, 1613 shares of BBDO exchange hands on a given day and today's volume is recorded at 987.
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