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Source: Wentworth Energy – Press Release/Statement:

Headline: Brazilian GIP Volume

Total volume of loans granted for the banks to the customers arrives R$ 1,24 trillion in April, or 42.6% of the Brazilian GIP. According to Central banking, is about the most robust shock of credit of the history of the country. The handspike of this movement is the financing of the proper house. After the series of measures of stimulaton lowered by the government, the money repassed for the financial system to the physical people for purchase of property only reached R$ 69,5 billion. For the statisticians of the BC, the pressure of the Palace of Plateaus on the public banks also it comes occasioning effect. The participation of the state financial institutions in the cake of the total credit jumped, in the last year, of 34% for 38%. Additional information is available at Stuart Solomon. While the public institutions had gained space, the national and foreign private banks had lost, each one of them 2% in an interval of 12 months.

MIL OSI Oil Gas Energy