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Brazil has made substantial progress in achieving economic
stability in recent years. One priority central to the Brazilian
Government is reducing the cost of credit and expanding
access to capital. According to a recent World Bank report
on Brazil, less than 20 percent of small enterprises have
access to outside sources of financing. Nearly one-third
of entrepreneurs cite the lack of credit as a major obstacle
to business growth in Brazil.
The Brazilian government's 2005 agenda includes a number
of measures designed to reduce the cost and expand the availability
of credit, including the passage and implementation of bankruptcy
reform; implementation of measures to allow workers to pledge
a portion of their wages as loan collateral; and giving
borrowers and lenders access to a centralized credit rating
system in order to encourage competition in the banking
sector.
Press
The Banker
Brazil
- Bradesco Lags Behind In Value And Efficiency
December 1, 2004
Banco Bradesco, Brazil’s
largest non-government bank in terms of assets, is benefiting
from a growing economy. Bradesco’s net income grew
by 33% in the third quarter of 2004. There is still a lot
of room to grow because only 40 million people have bank
accounts while 80 million people are economically active.
But in terms of efficiency and return on equity, Bradesco
lags behind its closest competitor, Banco Ita£.
The Banker
Global News: Brazilian
Bank Unions Call Off Strike.
November 1, 2004
Brazil’s longest-ever banking
strike came to an end last month, four weeks after it began.
Despite half of the workforce walking out, the stoppage
had little impact because the country’s banking system
is one on the most automated in the world. Less than 10%
of transactions involve face-to-face contact between customers
and employees.
Electronic Payments International
Brazil revamps payments
infrastructure
July 28, 2004
Electronic Payment usage has soared
in Brazil in recent years, driven by a surge in card usage
and a collapse of check payments. The Federation of Brazilian
Banks proposed that banks establish a common ATM network
to maximize the banks’ massive investments in ATMs.
A number of major banks have also stepped up efforts to
provide poorer Brazilians with access to microcredit. Bank
Bradesco has partnered with the Brazilian Postal and Telegraph
Company to provide basic banking products and services to
Brazilians throughout the country, including the remote
interior regions.
EIU ViewsWire
FROM THE ECONOMIST INTELLIGENCE UNIT
COUNTRY BRIEFING
Brazil finance:
Banks target shoppers
September 1, 2004
Associated Press Worldstream (Brazil)
High tech Brazilian Banking Keeps Economy Moving Despite Strike
September 27, 2004
EIU Business Latin America (Brazil)
Latin America: Sobriety Test
March 14, 2005
Forbes. Globetrotter (Brazil)
Citigroup Reaching Out to Middle Classes
April 18, 2005
Business News Americas (Brazil)
Lemon Bank Expects Profitablity this Year
April 25, 2005
Legislation
Banking law
Contact
Regulatory Contact
Banco Central do Brasil
Setor Bancario Sul
Quadro 3, Bloco B
CP 04-0170
70074-900 Brasilia (DF)
Brazil
Tel 55-61-414 1000
Fax 55-61-226 1989
Web www.bcb.gov.br
Email secre.presi@bcb.gov.br
NGO Contact
Luiz Bueno de Aguiar Bueno de Aguiar e Wendel, Sociedade
de Advogados
Rua do Paraiso, 585
CEP 04103-001
São Paulo BRAZIL
luiz@buenodeaguiar.com.br
tel: (11) 3285 5444
Manuel Thedim
IETS - Instituto de Estudos do Trabalho e Sociedade
Praia do Flamengo, 100 - Cobertura
Rio de Janiero, BRAZIL
5521 9625.7825
mthedim@iets.inf.br
HTTP://www.iets.inf.br
Manual Thedim
IETS - Instituto de Estudos do Trabalho e Sociedade
Praia do Flamengo, 100 - Cobertura
Rio de Janiero, BRAZIL
5521 9625.7825
terry@iets.inf.br
http://www.iets.inf.br/
Highlights
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Brazil