It is definitely a good time for banks in Brazil. In times of crisis, jobs cut and with lottery retailers closing its shops across the country, five biggest banks in the country (Bank of Brazil, Bradesco, Caixa, Itaú and Santander) have reported a net profit of US$ 19 billion in 2016 and now account for 87% of all credit operations in Brazil.
Data released by Dieese also show that the operating result of the industry giants grew 204.8% over the previous year, more than doubling in all organizations. Even so, banks decided to cut jobs in 2016.
Banco do Brasil was the champion of cuts without replacement. There were 8,569 fewer vacancies, as a result of the Peai (Extraordinary Plan for Incentive Retirement). Santander, Itaú and Caixa followed the bad example and eliminated 2,770, 2,610 and 2,480 positions, respectively.
It is also important to remember that the negative balance of Caixa increases with the adhesion of a further 4.645 people to the PDVE (Extraordinary Voluntary Withdrawal Program) of the bank, opened in 2017, that is part of a disastrous management, with suspicions of fraud in the case of Pan American Bank, or in the model of spending money to football clubs and purchasing payrolls to prefectures.
Meanwhile, lottery retailers have been receiving rates below inflation for 15 years. According to information of the sector, the minimum salary increased by 238% and that cost was assumed by the entrepreneurs of the lotteries sector. Cash transfers, however, varied by 129%, a 84% lower. Lottery agencies, according to ALSPI, carry out 66% of the bank's transactions.
Terrible numbers of a robust but greedy sector. Only in tariff revenues the companies would charge between 100% and 156% of personnel expenses. Proof that the rates are abusive and the disdain with the bank sector, yelling.
Source: GMB / Diario D4 Noticias
