Comments for Brazilian Banks Not Known for Generous Lending at http://www.brazzilmag.com , comment 0 to 2 out of 2 comments http://www.brazzilmag.com Sun, 29 Nov 2009 01:16:48 +0100 FeedCreator 1.7.2 http://www.brazzilmag.com/content/view/5629/1/#pc_2457 Brazilian banks borrow money at the government TLJP rate of 9 % and lends money back at anything between 40 % to 80 % and up to 150 % per year for overdraft. OR A GROSS profit of anything between 31 to 140 % annually per loan they make ! A WORLD RECORD !!!!! not a single country come even close to that rates differentials ! Furthermore despite the recent decline of the Brazilian rates, Brazilian banks DID NOT REDUCE THEIR RATES !!!!!!!!! HOW DOES BRAZIL TO HAVE REAL INTERNAL DEMAND, REAL INTERNAL GROWTH WITH BANK LENDING RATES THAT HIGH ????? How come that Lula and his junkies, did not yet put a cap on the rates banks are charging ???? Even Chavez did it !!!!! This is just INSANE ! - Guest Fri, 24 Feb 2006 18:49:26 +0100 http://www.brazzilmag.com/content/view/5629/1/#pc_2500 Having a pessoa juridica here with foreign partners that are making a foreign investment in brazil, which in the last 18 months has surpassed 2 million dollars, and has assets of over 1.3 million dollars, the bank in which we have our account will not give us one cent in any type of credit, including a \"check especial\" which is normal for any person or business. They say it\'s because we don\'t as of yet have \"faturamento\", or the company is not as of yet taking in money, as we are in the investment stage. This is completely and utterly ridiculous. A person that makes $400 a month has at least a line of credit in his checking account, but a company with over a million dollars in assets gets nothing? - Guest Fri, 24 Feb 2006 03:26:23 +0100