Brazilian Banks Wage Silent War for Clients in Real Estate Loan Area

In 2015, the total of real estate loans migrating to another institution amounted to only R$68.93. Last year, this figure was already R$1.46 billion by November.

RIO DE JANEIRO, BRAZIL - Financial institutions wage a silent war for clients in the real estate credit area in Brazil. Among the five largest banks in the country - Caixa, Banco do Brasil, Bradesco, Itaú and Santander - none have agreed to disclose their latest figures on credit portability to Broadcast (the Estado Group's real-time news system).

These data are deemed "strategic" by the institutions, even more so at this time when the housing credit market is opening up.

In 2015, the total of real estate loans migrating to another institution amounted to only R$68.93 (US$17) million . . .

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