Brazil's top banks hold R$10bn in seized properties, Caixa leads

Brazil's five largest banks held 27,000 repossessed properties worth ~R$10bn at end-H1, per a Resale study. Caixa accounts for over half the value (R$6.03bn, 24,572 properties), reflecting stress in mortgage credit. The inventory signals asset-quality deterioration and potential drag on bank balance sheets, though the market impact is moderate.