Brazil banking Services, List of Brazil Banks

 

# ABN AMRO Bank Brazil - The network bank in Brazil.

# Banco Boavista InterAtlntico S.A. - An association of Banco Espírito Santo, Grupo Monteiro Aranha and Crédit Agricole.

# Banco Bozano, Simonsen S.A.

# Bradesco Bank - The biggest South American private bank. Bradesco Net enables you to access important information about your Current Account, Savings Account, Credit Card, and also enables you to order Checkbooks and move the FIF Bradesco.

# Brazilian Investment Bank - Banco Axial, is a new banking institution duly established in São Paulo to offer a full range of tailor made investment banking services to International and National Corporate Managers.

# HSBC Bank Brasil S.A.

# Banco Brascan S/A - For those who look for foreign markets.

# Banco Icatu S/A - Icatu Online - Icatu Online is Brazilian online services that provides online reports on Brazilian equities and aconomy, and also career center, classifieds, forum, Brazilian literature and music...

# Banco Itau S.A. - Private Brazilian Bank

# Banco Meridional - Large bank offering a variety of products and services.

# Banco Real - One of the greatest banks in Brazil. All products and services of Banco Real, investment simulators, and the exclusive CLUBE REAL VIP, that brings you career center, 24 hours services, hot links and more.

# Banco Santos S/A - Brazilian Financial Institution providing commercial banking products and services, asset management, insurance and internet banking services.

# Banespa - The brazilian bank working for you since the begining of the century.

# Banrisul (Banco do Estado do Rio Grande do Sul)

 

Economy—overview: Possessing large and well-developed agricultural mining manufacturing and service sectors Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. Prior to the institution of a stabilization plan—the Plano Real (Real Plan) in mid-1994 stratospheric inflation rates had disrupted economic activity and discouraged foreign investment. Since then tight monetary policy has brought inflation under control—consumer prices increased by less than 5% in 1997 compared to more than 1 000% in 1994. At the same time GDP growth slowed from 5.7% in 1994 to about 3.0% in 1997 due to tighter credit. The strong currency another cornerstone of the Real Plan has encouraged imports—contributing to a growing trade deficit—and restrained export growth. Brazil's more stable economy allowed it to weather the fallout in 1995 from the Mexican peso crisis relatively well. Record levels of foreign investment have flowed in helping support the Real Plan through financial shocks in October-November 1997 that occurred in the wake of the Asian financial crisis. These shocks caused Brazil's foreign exchange reserves to drop by $8 billion to $52 billion and the stock market to decline by about 25% although it still ended up more than 30% for the year. President CARDOSO remains committed to defending the Real Plan but he faces several key challenges domestically and abroad. His package of fiscal reforms requiring constitutional amendments has progressed slowly through the balkanized Brazilian legislature; in their absence the government continues to run deficits and has limited room to relax its interest and exchange rate policies if it wants to keep inflation under control. Some foreign investors remain concerned about the viability of Brazil's exchange rate policy because of the country's fiscal and current account deficits. The government thus has to contend with the possibility of capital flight or a speculative attack that could draw down foreign reserves to a critical level and force a devaluation.

 

GDP: purchasing power parity—$1.04 trillion (1997 est.)

 

GDP—real growth rate: 3% (1997)

 

GDP—per capita: purchasing power parity—$6 300 (1997 est.)

 

GDP—composition by sector:

 

agriculture: 13%

 

industry: 38%

 

services: 49% (1995)

 

Inflation rate—consumer price index: 4.8% (1997)

 

Labor force:

 

total: 57 million (1989 est.)

 

by occupation: services 42% agriculture 31% industry 27%

 

Unemployment rate: 7% (1997 est.)

 

Budget:

 

revenues: $87.5 billion

 

expenditures: $96 billion including capital expenditures of $NA (1996)

 

Industries: textiles shoes chemicals cement lumber iron ore tin steel aircraft motor vehicles and parts other machinery and equipment

 

Industrial production growth rate: 4.5% (1997 est.)

 

Electricity—capacity: 57.64 million kW (1995)

 

Electricity—production: 264.895 billion kWh (1995)

 

note: imported about 36.95 billion kWh of electricity from Paraguay and poo

 

Electricity—consumption per capita: 1 878 kWh (1995)

 

Agriculture—products: coffee soybeans wheat rice corn sugarcane cocoa citrus; beef

 

Exports:

 

total value: $53 billion (f.o.b. 1997)

 

commodities: iron ore soybean bran orange juice footwear coffee motor vehicle parts

 

partners: EU 28% Latin America 23% US 20% Argentina 12% (1996)

 

Imports:

 

total value: $61.4 billion (f.o.b. 1997)

 

commodities: crude oil capital goods chemical products foodstuffs coal

 

partners: EU 26% US 22% Argentina 13% Japan 5% (1996)

 

Debt—external: $192.9 billion (December 1997)

 

Economic aid:

 

recipient: ODA $107 million (1993)

 

Currency: 1 real (R$) = 100 centavos

 

Exchange rates: R$ per US$1—1.120 (January 1998) 1.078 (1997) 1.005 (1996) 0.918 (1995) 0.639 (1994); CR$ per US$1—390.845 (January 1994) 88.449 (1993)

 

note: on 1 August 1993 the cruzeiro real (CR$) equal to 1 000 cruzeiros was introduced; another new currency the real (R$) was introduced on 1 July 1994 equal to 2 750 cruzeiro reais

 

Fiscal year: calendar year

 

If you have $300,000 USD or more that you would like to safeguard for now and for the future we can offer you a free consultation.