Brazil is a member of the BRICS nations. BRICS is the acronym for Brazil, Russia, India, China and South Africa. All of those emerging markets were fueling the global economy six years ago, but all of those nations, except India, fell hard when China’s economy hit a snag. China was importing large quantities of raw materials and commodities from Brazil, but China’s manufacturing sector fell apart, and the government had to bail out that sector and other sectors of its economy.
Even though China threw Brazil under the recessionary bus, Brazilian banks were not hurt by the recession, according to Banco Bradesco’s CEO Luíz Carlos Trabuco Cappi. Trabuco is one of Brazil’s top bankers, and Bradesco is the second largest private bank in the country. Mr. Trabuco’s bank did not feel the economic crunch that other businesses felt over the last five years. Thanks to investments in bonds and insurance, Brazilian banks were making money while the government was trying to fix the stagnant economy.
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Luíz Carlos Trabuco Cappi is not the only banker who deserves credit for the banking industry’s success over the last five years. There are other bankers who did their part to make banking the money making industry it is today. Banks didn’t loan people or businesses a lot of money during the recession. But if they did, the interest rate on personal and commercial loans was mind-boggling. Trabuco’s bank knew fiscal growth was the main ingredient in keeping bank investors happy, so Trabuco and other bank board members thought purchasing HSBC’s Brazilian division was a good idea in 2015. When that deal was complete, Bradesco’s stock started to climb, and foreign hedge funds got back in the saddle with Bradesco. Trabuco was instrumental in the success of Bradesco on Wall Street, but Mr. Trabuco knows the stock market is a fickle friend.
Trabuco’s 40-year banking career is a lesson in perseverance and dedication. Mr. Trabuco is a banker who cares about the people of Brazil. The bank’s environmental, social, and education initiatives prove he wants to help Brazil come back from the brink of disaster. Luíz Carlos Trabuco Cappi is helping the country’s investment image and the people at the same time.
For more information about Luiz Carlos Trabuco, just click here.