Discontent with interest the BB accelerates change in ranking
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The unrest caused by rising interest rates the Bank of Brazil (BB) after holding Aldemir Bendine as president of the institution will speed up the modification of the ranking criteria that rate is published daily by the Central Bank (BC) and has been criticized by public and private banks. The details of the new rankings are being worked out by the BC, Febraban and the main retail banks. According to a source involved in the negotiations, studies are in the process of adjustment.
In the new table, the institutions should be separated by groups according to size, and will be included in new operations, such as leasing and credit card. "The new ranking is to reduce, mitigate the problems caused by reading these data," said the source. There are two main complaints of banks. The first concerns the comparison of institutions of different sizes. The other problem is that disclosure does not take into account changes in the characteristics of the operations, such as volume of loans, the borrower's risk and term. Without this distinction, say the banks, the ranking compares, in practice, different credit operations.
This has been the main complaint of public sector banks - Caixa Economica Federal and Banco do Brazil - which, since the early disclosure of the rankings, complain that the listing mixture oranges with bananas and that, in this comparison, the effort of public institutions in lower interest rates and increase the supply of credit could distort the data and undermine their position in the ranking of BC. To mitigate this situation, most of the proposals advocated by public banks is included in the ranking if the minimum and maximum interest of each institution, and the average interest rate - as is currently done. In view of these institutions, that information would show that banks have high interest rates but that the final rate has risen in the ranking of BC because there is a change in the risk profile of borrowers and longer terms, for example. The information is the newspaper O Estado de S. Paul.
Source: O Estado de Sao Paulo
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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