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Caixa Econômica Federal is expected to end the corporate credit boom, mobilize direct resources for housing and stimulate capital markets through the sale of stocks and debentures.
The idea is, with its own mechanisms, to minimize
Of this total, at least R $ 100 billion will come from the sale of a loan portfolio and an additional R $ 50 billion from Opening of the capital of four subsidiaries [19659002] This strategy defined by the president of the bank, Pedro Guimarães, defines the leaders of Caixa as a reversal of the policy of the institution, which, to date, s & rsquo; Is behaved like other state companies, dependent on FGTS and Treasury to do business.
According to the Central Bank, Caixa concentrates 67% of loans in large companies, a situation that is repeated in Banco do Brasil and BNDES
"Who addresses the international market
La Caixa do Presidente Jair [na Caixa] has only limited room for maneuver to increase the volume of credit, because of the stricter international security requirements for security, "said Guimarães in his inaugural speech. Bolsonaro will return $ 40 billion to the Treasury
Meanwhile, the bank will implement an ambitious plan to earn money.
At least four branches of the bank, whose capital consists mainly of the Union, will be sold on the Stock Exchange: insurance, private pensions, lotteries and investment management.
Guimarães expects these operations to displace the capital market. According to him, only 700 000 Brazilians are investing in shares today, which corresponds to 0.35% of the population.
It is estimated that with the opening of the capital of the Caixa subsidiaries, it will be possible to realize at least 5 million euros Guimarães intends to sell the real estate portfolio to third, a practice known on the market as securitization and which, until now, had encountered obstacles only in previous administrations.
The bank wants to place on the market, claims from real estate contracts, which have more liquidity. These are current financing revenues.
Another impetus for the market will come from FI-FGTS, the billionaire fund endowed with the resources of the worker who invests in infrastructure. Lava Jato, who investigated transactions involving projects with large companies, the fund should only release funds for small and medium-sized companies whose shares are traded on the stock exchange. In terms of investment, FI-FGTS can allocate unused resources to housing finance – around 2 billion rubles a year.
Caixa will also participate in the issuance of infrastructure debentures that the government wishes to stimulate to obtain financing.
For this, there will be a reformulation so that legal entities – as an investment fund – can also apply to unsecured obligations.
Thanks to this measure, public banks will have enough room to credit markets where there is a shortage today, mainly in the north and north-east.
Caixa wants to be a bank for low-income people by offering microcredit in these areas. The goal is, in four years, to grant 30 million loans at an interest rate of less than 2%
The bank leaders, heard by Folha say that the goals are very ambitious and difficult to execute. 19659002] Leaving big customers would be like giving a wooden horse to the institution
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