Mortgages boost the country's growth
27/08/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Data released by the Central Bank (BC) revealed that the operations of finance for housing led the expansion of credit in July. Compared to June, total housing loans grew 3.9% to R$ 116.057 billion. In the 12 months ending in July, the portfolio has a growth of 50.8%.
Savioli for the credit / GDP ratio exceeding 50% in 2010 and 60% in 2012, reaching an ideal percentage compared to international standards. "It is economic growth with distribution and, above it, reducing social inequalities. Brazil will grow with quality," he said.
(MLC - Agency IN)
Source: JB Online - Jornal do Brazil
The mortgage will be a major driver of national economy. The real estate loan with low interest rates, attracting the Brazilian consumer. Moreover, financial institutions seen on the housing shortage a great opportunity to capture those offering credit lines with collateral. The segment is the most promising in the coming years, believes the president of the National Association of Credit Institutions, Finance and Investment (Acrefi), Adalberto Savioli. This article was translated by an automatic translation system, and was therefore not reviewed by people.
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