Private banking industry in Brazil up 15,9% this year

The private banking industry in Brazil turned R $ 337 billion by September this year, up 15.9% from R $ 290.5 billion computed by December 2009. This amount is divided by 62,700 wealthy customers. The funds are the preferred choice for investors with 42% of total volume, followed by fixed income assets with 34% variable income assets with 19% and other investments such as savings and open pension with 5%. O Estado de Sao Paulo has the largest share of resources, with 58% share, but some regions like the Midwest show strong growth. And the industry employs 1483 professionals. Source: Anbima/Jornal Valor

Published by Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s