Clipping of news on Brazilian Culture, Law and Citizenship
15/05/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - Continuing to interest rate cuts in their credit lines, the bank Bradesco announced on Monday (14) cut in the monthly rate of overdraft, which changed from 8.90% to 4.70%.
In the revolving credit cards, to the maximum rate was 4.7%. And the maximum limit for use of personal credit fell 7.31% to 4.70%.
Sustainable use of credit
According to the bank, the objective of measures "is to encourage the sustainable use of credit, benefiting customers who choose the more attractive conditions offered by Bradesco Account Easy," the institution said in a statement.
The bank also announced reductions in payroll lines for retirees, which had a drop in interest rates to 2.10% at maximum.
The president of Bradesco's Luiz Carlos Trabuco Cappi, believes that the declining trend of interest rates in the economy opens up new prospects for the country, resulting in benefits to society: "Lower interest rates in a country like Brazil, fiscal responsibility, dynamic private sector and diversified economy, are ingredients for a strong cycle of economic and social development, "he said Trabuco.
Source: InfoMoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.