OREANDA-NEWS. Fitch Ratings has published its special report 'Brazilian Banks Quarterly Report - 4Q14: So far so Good, but Harder Times Ahead'.

In 2014, most Brazilian banks performed relatively well and managed to weather significant challenges in the operating environment. Asset quality held up and capitalization indicators remained adequate. However, Fitch expects sector profitability to decline in 2015 as a result of higher provisioning expenses, reflecting the weak economic environment. Overall, the agency expects the declines to be manageable and within acceptable ranges for the respective ratings of most banks.

The full report is available at 'www.fitchratings.com' and 'www.fitchratings.com.br'.