Table of Contents
Executive Summary — 5 Table: Levels
(BRLbn) — 5 Table: Levels (US$bn) — 5
Table: Levels At December 31 2007 — 5 Table: Annual Growth
Rate Projections, 2007-2012 (%) — 5 Table: Ranking Out Of
59 Countries Reviewed In Q208 — 6 Table: Projected Levels
(BRLbn) — 6 Table: Projected Levels
(US$bn) — 6 Key Issues — 7 Brazil
Commercial Banking SWOT — 9 Brazil Political
SWOT — 9 Brazil Economic SWOT — 10
Brazil Business Environment SWOT — 10 Changes To The
Commercial Banking Report — 11 The Global Financial Crisis
– Continued — 11 Table: Selected European Countries:
Projected Budget And Current Account, 2008 (as % of
GDP) — 13 Commercial Banking Business Environment
Rating — 18 Table: Brazil’s Commercial Banking
Business Environment Ratings — 18 Table: Latin
America’s Commercial Banking Business Environment
Ratings — 19 Bank Lending — 21 Lending
Overview — 21 Table: Lending Overview, 2006 And 2007
(BRLbn) — 21 Total Assets, Client Loans And Client
Deposits — 22 Table: Comparison Of Total Assets, Client
Loans And Client Deposits (US$bn) — 22 Per-Capita
Deposits — 23 Table: Comparison Of Per Capita Deposits,
Late 2007 (US$) — 23 Country
Update — 24 Macroeconomic Trends And
Developments — 24 Table: Brazil – Macroeconomic
Activity, 2005-2013 — 26 Political
Outlook — 27 Industry Forecast
Scenario — 29 Table: Annual Growth Rate Projections,
2007-2012 (%) — 29 Table: Projected Levels
(BRLbn) — 29 Table: Projected Levels
(US$bn) — 29 Comment On Developments Over Last
Year — 29 Comment On Forecasts — 30
Comment On Trends and Ratios — 30 Table: Comparison Of
Loan/Deposit, Loan/Asset And Loan/GDP Ratios, Late 2007/ Early
2008 — 30 Banks’ Bond
Portfolios — 33 Table: Bond Portfolios, Late
2007 — 33 Competitive Landscape And
Protagonists — 35 Methodology — 36
Basis Of Projections — 37 Commercial Bank Business
Environment Rating — 37 Table: Commercial Banking Business
Environment Indicators And Rationale — 39 Table: Weighting
Of Indicators — 40
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