Cury Increases Bad Debt Provisions Amid Rising Household Defaults
The builder sets aside R$ 99.5 million for credit losses following a spike in customer payment difficulties.
Cury Construtora recorded a significant increase in provisions for doubtful accounts. The total reached R$ 99.5 million from January through September 2026.
This amount surpasses the R$ 61.2 million recorded during the same period last year. The company attributes this shift to the current debt levels among Brazilian households.
Chief Financial Officer João Carlos Mazzuco confirmed that more buyers are seeking debt renegotiations. The executive noted that consumer behavior requires a more cautious approach.
The builder's strategy aims to anticipate future risks in the real estate market. The company remains focused on managing its credit portfolio given the observed economic fragility.
The rise in provisions reflects concern regarding the payment capacity of its target audience. This measure seeks to protect the balance sheet against potential losses in the coming quarters.
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