logo

Late in the day, the Supreme Court of Justice (TSJ) ruled against banks with respect to the calculation of interest regarding a separate lawsuit that may require the banks to pay frozen deposits dating back to past economic

plans. There are several things to point out, in our view:

 

(1) the recent ruling -- albeit negative -- is only with

respect to the interest calculation and not related to whether the banks actually have to pay (there is no

timeframe for this ruling from the TSJ);

 

(2) the banks may still appeal this ruling;

 

(3) the actual amount due from banks is still unknown so there is still uncertainty; and

 

(4) public banks would be the most affected.

 

Overall, we still think it is unlikely that the final ruling will be something that could cripple the financial system.

Nonetheless, given that public banks are the most affected, this could ultimately be an additional fiscal cost the

government will absorb, thus increasing gross debt levels. The market impact was relatively mooted following the announcement, and in our view, the greatest impact if any on rates is a tightening in the front end, as the hit

the hit to the banks will likely impact lending growth and over economic growth. The additional debt burden for

the government, however, may cause long-end rates to widen.

List of Articles
번호 제목 날짜 조회 수sort
40 한국어 브라질우리은행 명칭 도용업체 주의 부탁드립니다. 2014-12-05 87405
39 Portugues 연말 브라질 우리은행 영업 시간(12월 24일/31일) - HORARIO DE ATENDIMENTO FINAL DE ANO 2015-12-24 69758
38 한국어 (중요) 브라질 우리은행 명의도용 업체 주의 2015-02-20 32737
37 Portugues Relatório Gerenciamento de Riscos 2014 file 2015-04-24 32051
36 한국어 Daily Economic Comments 2014-06-12 31601
35 Portugues ALERTA AO PÚBLICO ! 2015-02-20 30652
34 한국어 Economic Comments from Banks in Brasil 2014-07-02 30614
33 한국어 5월22일 주요뉴스 발췌 요약 2014-05-23 30300
32 Portugues RELATÓRIO GESTÃO RISCOS - 1º SEM2017 file 2017-10-31 29197
31 Portugues Relatório Gestão de Riscos e Capital- 2º Semestre2017 file 2018-06-14 28878
30 한국어 경제뉴스- Investors avoid taking positions waiting for the minutes of the Fed 2014-05-21 27646
29 Portugues Demonstrações Financeiras - 2016 file 2017-09-30 27471
28 Portugues ALERTA AO PÚBLICO 2014-12-06 27251
27 Portugues RELATÓRIO GESTÃO RISCOS - 2º SEM16 file 2017-10-31 26919
26 Portugues Sistema de Informações de Crédito 2015-04-14 25495
25 한국어 LatAm Fixed Income & Economics Daily (5/20) 2014-05-21 25361
24 한국어 월드컵 개최일자 브라질우리은행 휴무일 통지 2014-06-12 25336
» 한국어 동결예금의 이자지급에 관한 법원결정 기사요약 2014-05-23 23674
22 한국어 2014년 브라질 월드컵 기간 중 브라질우리은행 근무시간 변경안내 file 2014-05-29 23571
21 한국어 Economy News and Outlook(20140701) 2014-07-02 23186