Banking in Brazil : Structure, Performance, Drivers, and Policy Implications

The objective of this paper is to analyze the industry structure of banking services in Brazil in order to shed light on financial performance and its drivers at a disaggregated level. The study illustrates how differences across market segments -...

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Main Authors:	Urdapilleta, Eduardo, Stephanou, Constantinos
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ACCOUNTING PRACTICES ARREARS ASSET MANAGEMENT ASSETS RATIOS AUCTION BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK HOLDING BANK HOLDING COMPANIES BANK LENDING BANK RATES BANKING INDUSTRY BANKING MARKET BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BARRIERS TO ENTRY BASIS POINTS BINDING CONSTRAINT BORROWER BRANCH NETWORK BRANCH NETWORKS BROKERAGE BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPTIVE MARKET CAR LOANS CENTRAL BANK CHECKS CHIEF FINANCIAL OFFICERS CLEARINGHOUSE COLLATERAL COMMERCIAL BANKS CONSOLIDATED FINANCIAL STATEMENTS CONSUMER DURABLES CONTRACT ENFORCEMENT CORPORATE BANKING CORPORATE GOVERNANCE CORPORATE MARKET CREDIT CARDS CREDIT COOPERATIVES CREDIT DECISION CREDIT HISTORY CREDIT INFORMATION CREDIT LOSSES CREDIT MARKETS CREDIT OUTSTANDING CREDIT PROVIDERS CREDIT RATINGS CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDIT SCORING CREDIT SOURCES CREDIT UNIONS CREDITOR CREDITOR RIGHTS DEBT DEBT COLLECTION DEBT LEVELS DEFAULT RATES DEMAND DEPOSITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITS DERIVATIVES DIRECTED CREDIT DIVERSIFIED MARKET DOMESTIC CURRENCY ECONOMIC MANAGEMENT ECONOMIC RISKS ENTRY BARRIERS EQUITY MARKETS EXCHANGE COMMISSION FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED ASSETS FIXED COSTS FORECLOSURE FORECLOSURE PROCEDURES FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE GOVERNMENT ACCOUNT GOVERNMENT BONDS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES HOUSING HOUSING FINANCE INCOME TAX INFORMATION ASYMMETRIES INFORMATION ON BORROWERS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSURANCE INSURANCE MARKETS INTEREST EXPENSE INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL STATISTICS INVESTING INVESTMENT BANKING INVESTMENT CLIMATE LEASED ASSETS LEGAL RIGHTS LENDING REQUIREMENTS LEVY LIABILITY LIQUIDITY LOAN LOAN LOSS PROVISIONS LOAN PRODUCT LOAN PRODUCTS LOAN RATES LOAN SPREAD LOAN SPREADS LOANS TO INDIVIDUALS LONG-TERM DEBT LONG-TERM FINANCE LONG-TERM RESOURCES MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MANDATES MARKET DEVELOPMENTS MARKET FOR LOANS MARKET INTEREST RATES MARKET PRACTICE MARKET SHARE MARKET STRUCTURE MATURITY MICRO-ENTERPRISES MICROCREDIT MIGRATION MINIMUM CAPITAL ADEQUACY RATIO NET OPERATING INCOME NEW ENTRANTS NON-PERFORMING LOANS NPL OPERATING COSTS OPERATING EXPENSES OPERATIONAL RISKS OVERHEAD COSTS OWNERSHIP STRUCTURES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION FUNDS PERSONAL LOANS PRIVATE BANK PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROBABILITY OF DEFAULT PRODUCTIVITY PROFITABILITY PROFITABILITY MEASURES PUBLIC BANKS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REPOS RESERVE RESERVE REQUIREMENTS RETAIL BANKING RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK WEIGHTED ASSETS RURAL CREDIT RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS DEPOSITS SECURITIES SETTLEMENT SHORT MATURITIES SMALL BUSINESS SMALL BUSINESSES SOLVENCY STOCK EXCHANGE SUBORDINATED DEBT TAX TAXATION TIME DEPOSITS TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY LINE VALUATIONS VARIABLE COSTS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107083307 http://hdl.handle.net/10986/4007

id	okr-10986-4007
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACCOUNTING PRACTICES ARREARS ASSET MANAGEMENT ASSETS RATIOS AUCTION BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK HOLDING BANK HOLDING COMPANIES BANK LENDING BANK RATES BANKING INDUSTRY BANKING MARKET BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BARRIERS TO ENTRY BASIS POINTS BINDING CONSTRAINT BORROWER BRANCH NETWORK BRANCH NETWORKS BROKERAGE BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPTIVE MARKET CAR LOANS CENTRAL BANK CHECKS CHIEF FINANCIAL OFFICERS CLEARINGHOUSE COLLATERAL COMMERCIAL BANKS CONSOLIDATED FINANCIAL STATEMENTS CONSUMER DURABLES CONTRACT ENFORCEMENT CORPORATE BANKING CORPORATE GOVERNANCE CORPORATE MARKET CREDIT CARDS CREDIT COOPERATIVES CREDIT DECISION CREDIT HISTORY CREDIT INFORMATION CREDIT LOSSES CREDIT MARKETS CREDIT OUTSTANDING CREDIT PROVIDERS CREDIT RATINGS CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDIT SCORING CREDIT SOURCES CREDIT UNIONS CREDITOR CREDITOR RIGHTS DEBT DEBT COLLECTION DEBT LEVELS DEFAULT RATES DEMAND DEPOSITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITS DERIVATIVES DIRECTED CREDIT DIVERSIFIED MARKET DOMESTIC CURRENCY ECONOMIC MANAGEMENT ECONOMIC RISKS ENTRY BARRIERS EQUITY MARKETS EXCHANGE COMMISSION FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED ASSETS FIXED COSTS FORECLOSURE FORECLOSURE PROCEDURES FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE GOVERNMENT ACCOUNT GOVERNMENT BONDS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES HOUSING HOUSING FINANCE INCOME TAX INFORMATION ASYMMETRIES INFORMATION ON BORROWERS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSURANCE INSURANCE MARKETS INTEREST EXPENSE INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL STATISTICS INVESTING INVESTMENT BANKING INVESTMENT CLIMATE LEASED ASSETS LEGAL RIGHTS LENDING REQUIREMENTS LEVY LIABILITY LIQUIDITY LOAN LOAN LOSS PROVISIONS LOAN PRODUCT LOAN PRODUCTS LOAN RATES LOAN SPREAD LOAN SPREADS LOANS TO INDIVIDUALS LONG-TERM DEBT LONG-TERM FINANCE LONG-TERM RESOURCES MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MANDATES MARKET DEVELOPMENTS MARKET FOR LOANS MARKET INTEREST RATES MARKET PRACTICE MARKET SHARE MARKET STRUCTURE MATURITY MICRO-ENTERPRISES MICROCREDIT MIGRATION MINIMUM CAPITAL ADEQUACY RATIO NET OPERATING INCOME NEW ENTRANTS NON-PERFORMING LOANS NPL OPERATING COSTS OPERATING EXPENSES OPERATIONAL RISKS OVERHEAD COSTS OWNERSHIP STRUCTURES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION FUNDS PERSONAL LOANS PRIVATE BANK PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROBABILITY OF DEFAULT PRODUCTIVITY PROFITABILITY PROFITABILITY MEASURES PUBLIC BANKS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REPOS RESERVE RESERVE REQUIREMENTS RETAIL BANKING RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK WEIGHTED ASSETS RURAL CREDIT RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS DEPOSITS SECURITIES SETTLEMENT SHORT MATURITIES SMALL BUSINESS SMALL BUSINESSES SOLVENCY STOCK EXCHANGE SUBORDINATED DEBT TAX TAXATION TIME DEPOSITS TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY LINE VALUATIONS VARIABLE COSTS
spellingShingle	ACCOUNTING ACCOUNTING PRACTICES ARREARS ASSET MANAGEMENT ASSETS RATIOS AUCTION BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK HOLDING BANK HOLDING COMPANIES BANK LENDING BANK RATES BANKING INDUSTRY BANKING MARKET BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BARRIERS TO ENTRY BASIS POINTS BINDING CONSTRAINT BORROWER BRANCH NETWORK BRANCH NETWORKS BROKERAGE BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPTIVE MARKET CAR LOANS CENTRAL BANK CHECKS CHIEF FINANCIAL OFFICERS CLEARINGHOUSE COLLATERAL COMMERCIAL BANKS CONSOLIDATED FINANCIAL STATEMENTS CONSUMER DURABLES CONTRACT ENFORCEMENT CORPORATE BANKING CORPORATE GOVERNANCE CORPORATE MARKET CREDIT CARDS CREDIT COOPERATIVES CREDIT DECISION CREDIT HISTORY CREDIT INFORMATION CREDIT LOSSES CREDIT MARKETS CREDIT OUTSTANDING CREDIT PROVIDERS CREDIT RATINGS CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDIT SCORING CREDIT SOURCES CREDIT UNIONS CREDITOR CREDITOR RIGHTS DEBT DEBT COLLECTION DEBT LEVELS DEFAULT RATES DEMAND DEPOSITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITS DERIVATIVES DIRECTED CREDIT DIVERSIFIED MARKET DOMESTIC CURRENCY ECONOMIC MANAGEMENT ECONOMIC RISKS ENTRY BARRIERS EQUITY MARKETS EXCHANGE COMMISSION FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED ASSETS FIXED COSTS FORECLOSURE FORECLOSURE PROCEDURES FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE GOVERNMENT ACCOUNT GOVERNMENT BONDS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES HOUSING HOUSING FINANCE INCOME TAX INFORMATION ASYMMETRIES INFORMATION ON BORROWERS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSURANCE INSURANCE MARKETS INTEREST EXPENSE INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL STATISTICS INVESTING INVESTMENT BANKING INVESTMENT CLIMATE LEASED ASSETS LEGAL RIGHTS LENDING REQUIREMENTS LEVY LIABILITY LIQUIDITY LOAN LOAN LOSS PROVISIONS LOAN PRODUCT LOAN PRODUCTS LOAN RATES LOAN SPREAD LOAN SPREADS LOANS TO INDIVIDUALS LONG-TERM DEBT LONG-TERM FINANCE LONG-TERM RESOURCES MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MANDATES MARKET DEVELOPMENTS MARKET FOR LOANS MARKET INTEREST RATES MARKET PRACTICE MARKET SHARE MARKET STRUCTURE MATURITY MICRO-ENTERPRISES MICROCREDIT MIGRATION MINIMUM CAPITAL ADEQUACY RATIO NET OPERATING INCOME NEW ENTRANTS NON-PERFORMING LOANS NPL OPERATING COSTS OPERATING EXPENSES OPERATIONAL RISKS OVERHEAD COSTS OWNERSHIP STRUCTURES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION FUNDS PERSONAL LOANS PRIVATE BANK PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROBABILITY OF DEFAULT PRODUCTIVITY PROFITABILITY PROFITABILITY MEASURES PUBLIC BANKS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REPOS RESERVE RESERVE REQUIREMENTS RETAIL BANKING RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK WEIGHTED ASSETS RURAL CREDIT RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS DEPOSITS SECURITIES SETTLEMENT SHORT MATURITIES SMALL BUSINESS SMALL BUSINESSES SOLVENCY STOCK EXCHANGE SUBORDINATED DEBT TAX TAXATION TIME DEPOSITS TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY LINE VALUATIONS VARIABLE COSTS Urdapilleta, Eduardo Stephanou, Constantinos Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
geographic_facet	Latin America & Caribbean Latin America & Caribbean South America America Brazil
relation	Policy Research working paper ; no. WPS 4809
description	The objective of this paper is to analyze the industry structure of banking services in Brazil in order to shed light on financial performance and its drivers at a disaggregated level. The study illustrates how differences across market segments - which tend to be averaged out in aggregate analysis - need to be taken into account when analyzing performance and designing public policy for the banking sector. In particular, retail banking is found to be less sensitive to price competition and to exhibit considerably higher returns than corporate banking. The authors identify and discuss the factors underlying revenues, costs, and risks in each market segment, and conclude with policy implications.
format	Publications & Research :: Policy Research Working Paper
author	Urdapilleta, Eduardo Stephanou, Constantinos
author_facet	Urdapilleta, Eduardo Stephanou, Constantinos
author_sort	Urdapilleta, Eduardo
title	Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
title_short	Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
title_full	Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
title_fullStr	Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
title_full_unstemmed	Banking in Brazil : Structure, Performance, Drivers, and Policy Implications
title_sort	banking in brazil : structure, performance, drivers, and policy implications
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107083307 http://hdl.handle.net/10986/4007
_version_	1764389458131550208
spelling	okr-10986-40072021-04-23T14:02:14Z Banking in Brazil : Structure, Performance, Drivers, and Policy Implications Urdapilleta, Eduardo Stephanou, Constantinos ACCOUNTING ACCOUNTING PRACTICES ARREARS ASSET MANAGEMENT ASSETS RATIOS AUCTION BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK HOLDING BANK HOLDING COMPANIES BANK LENDING BANK RATES BANKING INDUSTRY BANKING MARKET BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BARRIERS TO ENTRY BASIS POINTS BINDING CONSTRAINT BORROWER BRANCH NETWORK BRANCH NETWORKS BROKERAGE BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL BASE CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPTIVE MARKET CAR LOANS CENTRAL BANK CHECKS CHIEF FINANCIAL OFFICERS CLEARINGHOUSE COLLATERAL COMMERCIAL BANKS CONSOLIDATED FINANCIAL STATEMENTS CONSUMER DURABLES CONTRACT ENFORCEMENT CORPORATE BANKING CORPORATE GOVERNANCE CORPORATE MARKET CREDIT CARDS CREDIT COOPERATIVES CREDIT DECISION CREDIT HISTORY CREDIT INFORMATION CREDIT LOSSES CREDIT MARKETS CREDIT OUTSTANDING CREDIT PROVIDERS CREDIT RATINGS CREDIT REPORTING CREDIT RISK CREDIT RISKS CREDIT SCORING CREDIT SOURCES CREDIT UNIONS CREDITOR CREDITOR RIGHTS DEBT DEBT COLLECTION DEBT LEVELS DEFAULT RATES DEMAND DEPOSITS DEPOSIT DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSITS DERIVATIVES DIRECTED CREDIT DIVERSIFIED MARKET DOMESTIC CURRENCY ECONOMIC MANAGEMENT ECONOMIC RISKS ENTRY BARRIERS EQUITY MARKETS EXCHANGE COMMISSION FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RATIOS FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FIXED ASSETS FIXED COSTS FORECLOSURE FORECLOSURE PROCEDURES FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN EXCHANGE GOVERNMENT ACCOUNT GOVERNMENT BONDS GOVERNMENT INTERVENTIONS GOVERNMENT INVOLVEMENT GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT SECURITIES HOUSING HOUSING FINANCE INCOME TAX INFORMATION ASYMMETRIES INFORMATION ON BORROWERS INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSURANCE INSURANCE MARKETS INTEREST EXPENSE INTEREST INCOME INTEREST MARGIN INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERMEDIATION SPREADS INTERNATIONAL BANK INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL FINANCIAL STATISTICS INVESTING INVESTMENT BANKING INVESTMENT CLIMATE LEASED ASSETS LEGAL RIGHTS LENDING REQUIREMENTS LEVY LIABILITY LIQUIDITY LOAN LOAN LOSS PROVISIONS LOAN PRODUCT LOAN PRODUCTS LOAN RATES LOAN SPREAD LOAN SPREADS LOANS TO INDIVIDUALS LONG-TERM DEBT LONG-TERM FINANCE LONG-TERM RESOURCES MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MANDATES MARKET DEVELOPMENTS MARKET FOR LOANS MARKET INTEREST RATES MARKET PRACTICE MARKET SHARE MARKET STRUCTURE MATURITY MICRO-ENTERPRISES MICROCREDIT MIGRATION MINIMUM CAPITAL ADEQUACY RATIO NET OPERATING INCOME NEW ENTRANTS NON-PERFORMING LOANS NPL OPERATING COSTS OPERATING EXPENSES OPERATIONAL RISKS OVERHEAD COSTS OWNERSHIP STRUCTURES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION FUNDS PERSONAL LOANS PRIVATE BANK PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAUS PROBABILITY OF DEFAULT PRODUCTIVITY PROFITABILITY PROFITABILITY MEASURES PUBLIC BANKS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REPOS RESERVE RESERVE REQUIREMENTS RETAIL BANKING RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK WEIGHTED ASSETS RURAL CREDIT RURAL FINANCE SAVINGS SAVINGS ACCOUNTS SAVINGS DEPOSITS SECURITIES SETTLEMENT SHORT MATURITIES SMALL BUSINESS SMALL BUSINESSES SOLVENCY STOCK EXCHANGE SUBORDINATED DEBT TAX TAXATION TIME DEPOSITS TRADING TRANSACTION TRANSPARENCY TREASURY TREASURY LINE VALUATIONS VARIABLE COSTS The objective of this paper is to analyze the industry structure of banking services in Brazil in order to shed light on financial performance and its drivers at a disaggregated level. The study illustrates how differences across market segments - which tend to be averaged out in aggregate analysis - need to be taken into account when analyzing performance and designing public policy for the banking sector. In particular, retail banking is found to be less sensitive to price competition and to exhibit considerably higher returns than corporate banking. The authors identify and discuss the factors underlying revenues, costs, and risks in each market segment, and conclude with policy implications. 2012-03-19T19:08:10Z 2012-03-19T19:08:10Z 2009-01-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090107083307 http://hdl.handle.net/10986/4007 English Policy Research working paper ; no. WPS 4809 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Latin America & Caribbean Latin America & Caribbean South America America Brazil

Banking in Brazil : Structure, Performance, Drivers, and Policy Implications

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