Itau Unibanco was formed through a merger in 2008 which saw it overtake Bradesco by size.

itau Unibanco于2008年通过并购组成，在规模上超过Bradesco。

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“Global banks are very competitive here, ” says Mr Abreu of Brazil’s Bradesco, “but we have space to gain market share.”

“国际银行的竞争很激烈”巴西布拉德斯科银行的Abreu说道，“但是我们能赢得市场。”

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Bradesco, a large bank, has started to offer 30-year mortgages, something that would have been unthinkable a short time ago.

一家巴西规模很大的银行，已经开始提供30年的按揭贷款，而这在稍前一段时间是想都不敢想的。

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But on Tuesday, Itau was already shedding nearly 2% and Bradesco did the same.

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Morgan, BB Securities Ltd. and Banco Bradesco were the joint managers and book runners on the issue.

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Both have underperformed the market over the last six months, with Itau down 3.7% and rival Bradesco down 2.95%.

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