Brazilian Banks Not Known for Generous Lending

The total value of loans made in Brazil in January was US$ 283.406 billion (R$ 608.87 billion). This amount is equivalent to 31% of the Gross Domestic Product (GDP), the sum of wealth produced in the country.

According to the figures announced Wednesday, February 22, by the Central Bank (BC), credit was up 20% between January, 2004, and January, 2005.

Despite this growth, when it comes to credit granted by the country’s financial system, "Brazil lends very little in comparison with other countries," in the assessment of Erivaldo Rodrigues, president of the Austin Rating economic analysis firm.

"Ours is one of the worst proportions in the world. In China and the United States the percentage is 120%. In Chile, which is a small economy, but one that grows more than ours, it is 65%. In Bolivia, which has an economy far inferior to ours, the percentage is 55%," he affirmed.

ABr

Tags:

You May Also Like

Trade Between Brazil and Arabs Tops US$ 10 Billion

Trade between Brazil and the Arab countries grew 28.3% last year and reached US$ ...

Trips Abroad Bring Close do US$ 1 Bi Deficit to Brazil’s Tourism

Foreign visitors who came to Brazil in 2005 generated a record turnover for the ...

Town of Santa Tereza, Espírito Santo, Brazil

A Trip Back in Time to Meet Grandpa and His 21 Kids in Brazil

It was January of 2006 when my American husband and I traveled to Santa ...

World Survey Shows a Brazil with Low Quality of Living

BrasÀ­lia, the capital of Brazil, is the first Brazilian city to appear, in 104th ...

Brazil Takes US to WTO over Orange Juice Surcharges

The Brazilian government has decided to ask the World Trade Organization (WTO) to analyze ...

How Do You Spell ABC?

The 1988 Brazilian constitution recognizes the right to a public and free education of ...

34 in 2008: Brazilian Indians Are Committing Suicide at a Faster Pace.

The suicide rate among Brazil's Guarani-Kaiowá Indians is on the increase, a just released ...

Brazil Trusts Private Sector Can Keep Forests Alive

"This public forests management bill is not a cure-all for our country’s problems of ...

Mission Accomplished. Brazilian Soldiers Leave East Timor.

A Brazilian Air Force (FAB) Boeing landed this Tuesday, May 24, in Porto Alegre, ...

Brazil’s TAM to Get 26 Airbus Jets for US$ 5.4 Billion

Brazil's largest air carrier, TAM Linhas Aéreas signed a memorandum of understanding to buy ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`