World Cup, Olympics and the 8th largest economy in the world on https://disqus.com/by/igorcornelsen/ are just a few of the defining characteristics of Brazil. Many investors like the concept of investing in the largest nation in South America, but don’t really know much about the banking sector. Igor Cornelsen shares his insights on the top private and public banks in Brazil.
“Contours of Brazilian Banking”
Each nation has its own financial culture based on its geography, history and politics. Brazil has developed a rich culture on http://igorcornelsen.brandyourself.com/ that partially focuses on giving the masses a chance to share in the nation’s success. Populist leaders have created many state-owned banks to provide services to the lower- and middle-class Brazilians.
On April 27, 2016, Brazilian banking expert Igor Cornelsen shared his insights on CNBC. The top indigenous Brazilian banks are Banco Itau, Banco Bradesco, Caixa Economica Federal, Banco J Safra, Banrisul, BTG Pactual and Banco do Brasil. The top foreign branches include Citibank, HSBC and Santander.
“B is for Brazil”
Igor Cornelsen continued by discussing the growing international trade between Brazil and China. Both are members of the BRICS (B is for Brasil and C is for China). In May 19, 2015, China’s premier Li Keqiang unveiled an international trade agreement on http://centraljerseyworkingmoms.com/investment-banker-igor-cornelsen-says-knowledge-of-the-market-is-the-key-to-excelling-in-investment-banking/ worth around $50 billion between China and Brazil. The relationship is very intriguing due to both complementary and conflicting characteristics.
Brazil is one of the largest producers of raw materials, commodities and food stuffs. Mr. Igor Cornelsen states, “A stronger Chinese economy means good prices for Brazilian raw materials.” Interestingly enough, there are no large Chinese banks in Brazil.
Also, there is a little competition between China and Brazil, since both want to increase their industrial base, according to Cornelsen. “When you invest in a country, you should pay attention to their trading partners too,” says Cornelsen.