Bankers charge government for measures aimed at credit – 06/07/2023 – Panel SA

Bankers gathered at the Esfera Brasil dinner recognized the advances made by the Lula government in launching Desenrola, a debt renegotiation program for low-income people, but demanded firm proposals for expanding credit to sectors now suffocated by interest rates.

They said they put a lot of pressure on Arthur Lira, president of the Chamber, in defense of the bill for the framework of guarantees, today stopped in the Senate. Lira was at the event that took place on Monday (5).

In practice, the project takes away from Caixa Econômica Federal the monopoly of civil pledges and allows the same property to be given as collateral for more than one loan, for example.

Despite having been carried out during the administration of Bolsonaro’s Minister of Economy, Paulo Guedes, they want the project to get off the ground.

Consider some examples. Currently, real estate financing for individuals, which has an established guarantee, has a default rate of 1.71% and interest of 10.8% per annum.

In credit card installments, without any type of consideration, default is 9% and interest is 200% per annum.

Febraban, which supports the project, defends that quality assets are incorporated into the text and that their value is preserved throughout the operation. It also wants guarantees that are easy to enforce, with liquidity and that do not require high costs in possible extrajudicial search scenarios.

If this election passes, they consider that there are conditions for reducing the interest rates currently practiced, which may stimulate more offer.

With Diego Felix

PRESENT LINK: Did you like this text? Subscriber can release five free hits of any link per day. Just click the blue F below.