The Financial Espresso: Rural debts; Delinquency in Bz; Insurers & El Niño; Bradesco in Real Estate; MELI‘s executive; Argentina dollars, debts & IMF

Research evidence excerpt

The Financial Espresso: Rural debts; Delinquency in Bz; Insurers & El Niño; Bradesco in Real Estate; MELI‘s executive; Argentina dollars, debts & IMF

insurance and corporate insurance. See UBS Americas Sustainability report on El

Niño here.

Bradesco sees a more mature real estate market with no signs of credit

deterioration

According to Valor, the Brazilian real estate market is better positioned to navigate

the current cycle of elevated interest rates compared to previous periods of stress,

according to Bradesco executives. The bank reports no significant deterioration in

the quality of mortgage credit and notes that delinquency rates within the segment

remain close to historical norms. Bradesco views the current environment as

balanced, although segments of the mid- and high-end market have experienced

slower activity due to higher interest rates. Despite this slowdown in certain areas,

the executives emphasized that there are no indications of oversupply comparable

to what was observed during past crises. Additionally, Bradesco stated that it has

not implemented substantial changes to its mortgage lending policies. According to

Mr. José Ramos Rocha Neto, the bank’s vice president, the portfolio continues to

exhibit healthy performance, even in the context of rising household indebtedness

in other credit categories. Our take: We note that, as indicated by the article, the

bank confirmed it remains committed to engaging in both consumer financing and

supporting its established network of traditional developers.

Historic Mercado Libre executive leaves the company after 12 years in them

According to LaTercera, Mercado Libre announced the unexpected departure of the

long-standing executive who has been overseeing the company's operations in the