Increasing Financial Inclusion to Promote Growth in Brazil's Banking Sector

Rapid economic recovery and increasing consumer confidence in financial markets are expected to drive the banking sector growth in Brazil at a CAGR of around 16% during 2011-2014, says RNCOS.

Noida, India (prHWY.com) May 31, 2011 - According to our research report "Opportunities in Brazil Banking Sector", the banking industry in Brazil is witnessing a growth cycle across all business segments amid favorable domestic and international business environment. One of the main reasons for spectacular growth and limited influence from the global slowdown is the stringent control of regulatory agencies. Besides, business activities in the country are increasing. With such a booming economy, both consumption and savings are likely to increase in the country during the next few years. These factors are expected to facilitate growth of the banking sector in Brazil at a CAGR of around 16% during 2011-2014.

The banking sector in Brazil is presently concentrating on harnessing the huge potential of large unbanked population. Banks may also try to increase the financial inclusion by various incentive programs in future. This, coupled with business environment in the company will lead to growth across all core business segments and auxiliary services, such as loans, deposits, payment cards, bancassurance, etc. Mobile banking channels will also pick up pace in coming years along with popular internet banking services on the back of reasons already discussed in the report.

Further, our report also discusses the effect of various factors crucial to growth of the sector in coming years, such as implementation of Basel III accords in the country's banking sector, security issues related to technological changes, scope of branchless banking in the country, and effect of e-commerce activities on banking sector. Besides, our report provides a detail analysis and forecast on various variables, such as banking assets, deposits, credit activities (loan disbursment), payment cards (credit cards & debit cards etc. It also covers the regulatory analysis in the country's banking industry.

"Opportunities in Brazil Banking Sector", provides latest developments in the banking sector of Brazil. Additionally, the report features business description of key players along with their recent activities, financials, and list of key management people. It also provides prudent analysis on emerging market trends, which are expected to decide the future of Brazilian banking sector.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM523.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: brazil banking industry

Categories: Banking

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