Guimarães said he will follow the “not to err” government's determination and will seek to reduce a liability of US$ 10.75 billion of cash registered under the heading "hybrid capital and debt instruments." According to Guimarães, this will happen with the "sale of holdings in controlled companies, insurance, cards, asset and lotteries, which have started now, at least during this year."
He also said that the public bank will seek to strengthen its operations in the real estate credit market through securitization operations - sale of securities in the financial market - from US$ 13.45 billion to US$ 26.9 billion.
"It is fundamental to discuss the real estate part. We have funding problems today. Via the capital market, we will sell up to US$ 26.9 billion so that Caixa can continue to offer this credit," he said.
The new president of Caixa added that he plans to expand the microcredit offer at lower rates than those currently practiced by the market. "I do not settle for people taking money at 15%, 20% a month," he said. "Brazil can be a reference in microcredit."
Guimarães said he should review Caixa's sponsorship and communication policies, according to government guidance, and that he will travel personally to the states to listen to clients and visit needy communities where the bank operates.
He informed that one of the first states to be visited will be the Amazon, where he studies to expand the access to the Caixa by increasing the number of boats of the bank that operate in isolated communities.
Source: GMB / Agência Brasil
