{"id":2434,"date":"2023-12-04T18:44:41","date_gmt":"2023-12-04T18:44:41","guid":{"rendered":"http:\/\/anbc.org.br\/?p=2434"},"modified":"2024-03-09T19:15:56","modified_gmt":"2024-03-09T19:15:56","slug":"linkedin-news-credit-in-brazil-grows-up-to-86","status":"publish","type":"post","link":"https:\/\/anbc.org.br\/en\/linkedin-noticias-credito-no-brasil-cresce-ate-86\/","title":{"rendered":"LinkedIn News - Credit in Brazil grows to 8.6%"},"content":{"rendered":"

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Credit in Brazil grows to 8.6% in 2024 if obstacles are overcome<\/h2>\r\n

By:\u00a0LinkedIn News<\/a><\/p>\r\n

In the newsletter Boletim Finan\u00e7as, the\u00a0<\/em>LinkedIn News<\/em><\/a>\u00a0brings you the latest developments in the financial and capital markets in Brazil and around the world, investment strategies, financial planning and tips on how to expand the reach of your content. To follow along, just click on the \u201csubscribe\u201d button at the top right. Get involved with suggestions, comments and questions.<\/em><\/p>\r\n

\"LinkedIn<\/p>\r\n

Credit drives the economy. And it is the financial system and the capital market, where finance professionals work, that supply the country with this instrument. In commerce, for example, out of every R$ 100 reais that people receive in loans, R$ 80 reais becomes consumption that fills shopkeepers' tills, according to research by\u00a0CNC - National Confederation of Trade in Goods, Services and Tourism<\/a>. The more credit, the greater the consumption - an item that represents\u00a063% Gross Domestic Product<\/a>\u00a0of the country.<\/p>\r\n

The good news given by economists from some of the main entities operating in this market is that credit will grow more in 2024 than the pace of expansion seen in 2023. The expectation is that the rate of increase will rise from the estimated 7% in 2023 to 8.6% of the total portfolio, up from 8.6% in 2024.\u00a0R$ 5.6 trillion - R$ 3.4 trillion for individuals and R$ 2.2 trillion for companies<\/a>, according to the Central Bank.<\/p>\r\n

But experts highlight two points of caution. The first is that this growth will still be lower than the average of 15% seen in 2021 and 2022. The second is that there are obstacles on the radar: the still high level of household defaults, and possible changes to rules, such as rate caps, which could discourage the supply of loans.<\/p>\r\n

Banks will lend more<\/h3>\r\n

Banks project credit growth in Brazil to reach 8.3%, according to\u00a0research<\/a>\u00a0of\u00a0Febraban<\/a>\u00a0above the 7% rate estimated for 2023. The entity's economic affairs manager,\u00a0Fernando Castelli<\/a>, He pointed out that this advance will be greater than that seen in 2023, but still lower than the 15% rates seen in 2021 and 2022.<\/p>\r\n

\"LinkedIn<\/p>\r\n

In an interview with LinkedIn News<\/a>, Castelli listed the factors that will allow this scenario to improve in 2024 after the adjustments in 2023.<\/p>\r\n