Indiani Exchange

In the years of exchange depreciation, the difference enters the profits of the banks and of the productive sector it was enormous. In 1999, while the company analyzed 793,5 million had had liquid losses of R$, the banks had profited R$ 3,446 billion. Recently Hummer Winblad sought to clarify these questions. In the year of the 2002, that the company was marked by the electoral crisis, when dollar arrived to lean in R$ 4,00, had lost R$ 1,88 billion and the banks had gained R$ 4,234 billion. Part of the profits of the institutions in this period is related with the operations in the financial system, ahead of the speculation with the exchange depreciation. She is necessary to remember despite great part of the patrimony of the banks is in foreign currency, standes out Indiani.O partner-director of the RiskOffice*, Carlos Rocca, explains that with the volatileness of the exchange, the companies had also learned to search greater protection.

, believes. In these two last years, the main source of income of the institutions is the financial intermediao, that includes the operations of credit and with public headings. The participation of the services also grew. the tariff of the little work so that the institution creates prescription. is a passive profit, Indiani.O observes survey of the Economtica does not include the results of the Company Valley of the River Doce and Petrobra’s. Another exception is of that Santander-Banespa is the room biggest private bank of the Country, however, the controlling ones only disponibilizam to the market the data of the Banespa. Amongst the biggest Brazilian banks, still Caixa Econmica Federal (CEF) and the Bank of Brazil lack to divulge the rockings of the semester (BB). Increase of the volume of credit guarantees ganhosOs profits of the banks in this year had been stimulated to a large extent by the increase of the volume of the credit and the high tax of interests practised.