Brazil's public services minister, Esther Dweck, has defended Tarciana Medeiros, chief executive of state-controlled Banco do Brasil, after criticism of the bank's results, The Rio Times reports. Writing on X on Saturday, Dweck said women's competence should not be questioned recklessly because of their sex, and that debate about results must not justify personal attacks on women leaders.
The bank reported on 11 November that adjusted net profit fell 66.5% from a year earlier to R$1.27bn in the third quarter, and it cut its 2026 profit forecast to R$9bn to R$11bn. Medeiros, the first woman to lead the bank and a career employee who took charge in January 2023, has blamed defaults by farm borrowers. The shares fell 8.35% the following day.
Source: The Rio Times