The profit of the Banks that acts on Brazil decrease 39%. This information is compared with the first tree months of 2008 and was reported by the Central Bank with data based on the balances of the financial institutions. The profit decreases from R$12,3 billions to R$7,5 billions. According to the Central Bank the situation doesn’t worries. A study with some simulations shows that if the turbulences aggravate in a next future, the financial system can survive. The analysis was made through on a simulation that shows as the banks would react in the case of brusque oscillations in the exchange, the interests and the insolvency. The study is limited because doesn’t show the individual situation of each bank and considers parameters that are far from the reality.
Source: http://www1.folha.uol.com.br/folha/dinheiro/ult91u580531.shtml
Access: 06 14 2008
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Even if the profits of the banks have decreased in comparison of last year I believe those institutions will not bankrupt. I believe that mergers could occur more frequently in order to save these organizations.
ResponderExcluirIn my opinion the decrease of profits showed in the article is very significant. The Central Bank seems to minimize the problem, but a difference of R$ 4,8 billions is something very bad for economy, mainly in crisis times where the tendency is continue to lost profits.
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