Banco do Brasil's Profit Rises, but Farm Loans Worry Investors
Listen to the story
Banco do Brasil is a big bank in Brazil. It is also called BB.
BB said its profit went up. Profit is the money a company makes.
The bank's loan book got better. A loan is money the bank gives to people or farmers to pay back later.
BB has fewer bad loans now. A bad loan is money that people cannot pay back.
But there is a problem. Many farmers cannot pay back their loans. This is the agro sector. Agro means farming.
The market is worried about this. Market means investors and people who buy shares.
BB's profit was higher than experts thought. But the bank's shares still went down. A share is a small part of a company that people can buy.
The shares fell by 3%. This shows some investors are still worried about farm loans.
Vocabulary15 words
- Banco do Brasil
- a big bank in Brazil
- profit
- the money a company makes
- loan
- money given that must be paid back later
- agro
- farming business
- market
- people who buy and sell shares
- shares
- small parts of a company people can buy
- inadimplĂȘncia
- when people cannot pay back money
- strategy
- a plan to reach a goal
- bank
- a place that keeps and lends money
- investor
- a person who buys shares to make money
- sector
- a part of business, like farming
- top
- the best or highest place
- projection
- a guess about the future
- fall
- to go down
- worry
- to feel scared about something
Quiz
Answer key
1. It went up 2. â 3. They fell 3%
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
BB is a big _____ in Brazil.
BB said its _____ went up.
The bank's _____ book got better.
BB has fewer _____ loans now.
Many farmers cannot pay back their _____.
This is the _____ sector.
The _____ is worried about this.
BB's profit was higher than _____ thought.
But the bank's _____ still went down.
The shares fell by _____%.