Banco do Brasil today attributed the 66.5% drop in net profit adjusted in the third quarter of 2026 to the increase in non-compliance in agribusiness, which raised the provisions to cover possible losses with loans granted to the sector.
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12/11/2026
by
Lusa
Bank of Brazil
O Banco do Brasil today attributed the fall of 66.5% of the net profit adjusted in the third quarter of 2026 to the increase in non-compliance in agribusiness, which raised the provisions to cover possible losses with loans granted to the sector.
The bank recorded an adjusted net profit of R$ 1.27 billion (about EUR 204 million) between July and September, against R$ 3.47 billion (about EUR 558.47 million) in the same period of 2025.
During the presentation of the results, the president of Banco do Brasil, Tarciana Medeiros, stated that the institution goes through “the most severe cycle” of its history in relation to the cost of credit in agribusiness.
According to the executive, non-compliance is concentrated on medium and large clients working with soybean, corn and livestock, especially in the Midwest region of the country.
Medeiros stated that 85% of customers who started to have payment difficulties began to report defaults from 2024, although they previously kept their obligations up to date.
The president of the bank also stated that part of the producers chose not to pay or renegotiate debts, even after repacture programs were made available with facilitated conditions and deadlines of up to ten years.
“ After two excellent opportunities for renegotiation, with subsidized resources and deadlines of up to ten years, and with record harvests in 2025 and 2026, even so, part of the big and medium-sized producers chose not to pay or renegotiate,” he said.
The president of Banco do Brasil classified this behavior as “moral risk”, referring to the expectation of some producers that new government measures will arise to facilitate the renegotiation of debts.
The bank renegotiated 13.4 billion reais in agribusiness debts under a provisional measure, covering 7,700 customers, according to information presented by the institution today.
The president added that the bank reinforced the procedures for recovery and recovery of credit, and sent more than 20,000 out-of-court notifications to non-compliance producers.
According to the executive, 24% of the notifications sought the institution to regulate the situation.
“The Bank of Brazil is not limited to a cycle of default. We are and continue to be the bank of the Brazilian agro ", highlighted.