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Stock impact report

Brazilian banks postpone $4 billion in debts for consumers, companies [Reuters]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Reuters
Brazilian banks postpone $4 billion in debts for consumers, companies SAO PAULO (Reuters) - Brazilian banks have so far postponed 22.2 billion reais ($3.91 billion) in debt installments due in the coming months, in a move to help consumers and companies amid the coronavirus outbreak, the country’s bank industry group said on Monday. Febraban, as the association is known, said in a statement the amount refers to 3.8 million contracts, which amount to 230.6 billion reais. In March, Brazil’s top-five lenders - Itau Unibanco Holding SA ( ITUB4.SA ), Banco do Brasil SA ( BBAS3.SA ), Banco Bradesco SA ( BBDC4.SA ), Banco Santander Brasil SA ( SANB3.SA ) and Caixa Economica Federal - said they would offer clients a grace period of between two and six months to pay debt installments amid the economic crisis stemming from the pandemic. Nearly 14 billion reais in postponements refer to consumer lending, Febraban said. In terms of new loan disbursements, large companies have taken out 10 Show less Read more
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