Bank retreat and approach of minimal historical
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The bank interest charged by banks for individuals in their loans, fell from 44.9% a year in July to 44.1% per annum in August 2009, said on Tuesday (29) the Central Bank. It has argued that this is the lowest since December 2007, when the rate was 43.9% per annum which, in turn, is the lowest rate of all of CB series, which begins in July 1994.
Personal loans and purchase of vehicles
The BC data also show that there was a decrease in the rate of interest charged by banks in their lending operations and personnel for the purchase of vehicles. Thus, the rates, which were the lowest since 1994 in July this year, renewed the historic minimum. The rate for personal loans to individuals dropped from 44.8% in July to 44.3% a year in August and the purchase of vehicles increased from 26.9% a year to 26.2% per annum from July to August .
Overdraft
After record high in July this year, to 167.3% a year, the average interest rate on overdraft decreased to 161% per year in August. It is the lowest since June last year. Even so, the rate is extremely high in comparison with other lines of credit. In June this year, the overdraft rate was 167% a year, which already represented the lowest level since September last year - when the external crisis worsened.
Average overall
In the last month, according to the monetary authority, also declined the average interest of all credit operations of banks. The overall average bank for non-earmarked, increased from 36% a year in July to 35.4% a year in August - the lowest since 2007 (33.8% per year).
Company
The central bank also said that the interest charged by banks in their transactions with companies also fell in August to 26.4% per year. In July, were 26.7% a year. In this case, is the lowest since April last year, when it totaled 26.3% per year.
According to the monetary authority, the rate charged by banks to discount duplicate rose from 39.5% a year in July to 40.4% a year in August this year. Since the average of banks for working capital decreased from 31.9% a year in July to 31% a year in August.
Bank spread
In the case of the banking spread, which is the difference between the rate of uptake of banks and interest collected from its customers, ie the difference between what they pay and what they charge for borrowed resources, the value was 26.3 percentage points in August this year, the lowest since the same month last year (26.2 points).
The crisis escalated precisely in mid-September, with the announcement of bankruptcy of U.S. bank Lehman Brothers.O banking spread consists of default rate, the profits of banks and taxes, among others. The banks argue that the spread increased in the crisis due to rising delinquencies. The president of BC, Henrique Meirelles, recently admitted that bank spreads are lower in other countries.
Source: G1
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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