Comments on: Brazil’s Ita├║ is the bank to watch next year http://blogs.reuters.com/breakingviews/2011/12/23/brazils-itau-is-the-bank-to-watch-next-year/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Brazil2016 http://blogs.reuters.com/breakingviews/2011/12/23/brazils-itau-is-the-bank-to-watch-next-year/comment-page-1/#comment-8809 Wed, 25 Jan 2012 20:53:10 +0000 http://blogs.reuters.com/breakingviews/?p=8227#comment-8809 Itau is just the first bank of south hemispher since it fusion with Unibanco in 2008. The bank has the oportunity to be a Brazilian bank with a nice economy. In 2012, in spite of the world crisis, the brazil will have a growth of 4% confirmed today by the minister of economy itself, instead of 5.5%. But +4% in 2012 is fantastic, and the Brazil in the envy of tens of countries in the world.

Itau is with Banco do Brasil a sure bank, but personally, I have got a bad experience with it. I m the owner of a company in brazil and asking for money to a brazilian bank is nowadays an absurdity because there is no limit on the interest. You can find loans at 10% (… a month). It s creazy, there are so many laws and no one to limite the interest rate. Well, it s not good for the economy, it s not good for brazilians itself. People started using credit card, and the situation is dramatic because interest are so high that people will have more and more difficulties to reimburse if the government do not vote legislation to limit the rate of interest. Lula didn t do it, neither a Dilma Roussef. Do we have to wait the next president?

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