Consumer credit should grow 13.9% this year, according Febraban
This article was translated by an automatic translation system, and was therefore not reviewed by people.
By: Luana Cristina de Magalhães Lima
InfoMoney
SÃO PAULO - As a reflection of the current economic crisis, the supply of credit to consumers will continue decelerating in 2009.
Research carried out between days 19 and 20 March by Febraban (Brazilian Federation of Banks), with analysts from 33 financial institutions showed, however, below a forecast 15% increase in the supply of money this year.
The expectations for the expansion of credit for this year are 14.2% for 2009, which is expected to expand 13.9% in the supply of money to individuals and 15.8% for law.
Methods
When evaluated the terms of credit to individuals, analysts estimate growth of 15.7% for 2009 in the volume allowed for personal loan, including the set - with discount in payroll, an expected lower when compared to the 16.8% recorded in previous research, in January this year.
Credit operations for the purchase of vehicles should grow 12.5%, showing a decrease in the rate on the last survey.
Default
As the default rate over 90 days, there is expectation that passes from 4.9% to 5.4% this year.
If this prediction is confirmed, will be the highest level of non-payment of the last nine years, said chief economist of the entity, Rubens Sardenberg, during the presentation of the research.
Source: Infomony
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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