Wednesday, June 12, 2019

Bradesco sells more than R $4 bi in rotten credit

Bradesco sold more than R $4 billion in overdue and unpaid loan portfolios, so-called rotten credits. It's the first assignment the bank makes this year. The credits were acquired by companies in the sector, including names such as Recovery, Itaú Unibanco, and assets, from Banco do Brasil, the latter leading around R $2 billion. Transfer. Among the credits sold, are retail operations, some of the bank CBSS and other credit cards in a profile similar to the last portfolios of which Bradesco discredited. In recent years, the institution has become an active name in this segment, having also purchased the control of RCB Investimentos, specializing in the recovery of expired credits. Wanted, Bradesco did not comment.
O Estado de S.Paulo - 12/06/2019 News Item translated automatically
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