Towards the end of 2014, Brazil’s economy was experiencing some hardship under the rule of Dilma Roussef. However, two banks were surprisingly able to pull through and see a profit at the end of it all. Read more: 5 Ways To Make Your Business Healthier: Investment Advisor Igor Cornelsen Gives His Insight
These banks received shares that rose up by one-third, and they were able to make a solid profit increase at the end of it all! Many wonder how this was possible in a country that was suffering so bad at the time.
According to top Brazilian banker and investment expert Igor Cornelsen, “The secret is knowledge of the market, and experience over other turbulent years”. Igor Cornelsen goes on to say, “Brazilian bankers in the private sector are only lending to borrowers who are the most worthy of credit.”
According to Igor, Brazilian banks have a total of ten major privately and state owned commercial and investment banks that back up Brazil’s economy. Cornelsen seems to believe that with Joaquim Levy as finance minister, it will bring hope for Brazil’s banks.
Cornelsen believes that the difference in Levy’s views compared to President Dilma Roussef’s egalitarian epitome will essentially be what Brazil needs the most to pull through! Igor strongly believes that the Brazilian economy should pay attention to their largest trading partner, China.
The reason why he believes this is simply because by knowing what markets they are connected with, it will be able to provide Brazil with more profits as well as an increase on their future success.
Learn more about Igor Cornelsen: