BTG CFO: Corporate Credit Issues in Brazil Are Company Specific

Banco BTG Pactual SA Chief Financial Officer Renato Cohn said at a press conference Tuesday that corporate credit issues in Brazil aren’t widespread, and shouldn’t make the bank slow its corporate-lending business in the next few quarters.

• BTG sees corporate credit woes as company specific
  • “We don’t expect anything different from the last three quarters; we expect to continue growing with quality,” he said
  • Interest-rate cuts expected in the country for the next year should be positive for corporates
• Cohn declined to comment on Brazil telecom company Oi SA’s bankruptcy, declared Monday
• The executive said the proposed integration of ...