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Caixa Econômica announces pause in credit collection for homeowners, individuals and companies


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Caixa Econômica Federal announced on Thursday (19), through a press conference broadcast by social networks, a 60-day break in the collection of credit agreements in force for individuals and companies.

The measure is part of the set of actions of the state institution that aim to mitigate the effects of the coronavirus pandemic on the economy and the income of clients.

The benefit covers operations such as payroll loans, personal loans (CDC), working capital and renegotiation. Home financing is also included in the break.

The state bank also announced new personal credit rates. In payroll loans, interest will start at 0.99% per month. The minimum in the pledge will be 1.99% and, in the CDC, 2.17% per month. The expansion of personal lines of credit is also expected soon.

Companies that operate in commerce and services will have up to six months of grace in special credit lines with the bank. These sectors are the most impacted by the isolation of consumers at home due to the spread of the coronavirus.

Banco do Brasil expands credit

Another state institution, Banco do Brasil announced on Wednesday (18) an expansion of R $ 100 billion in its credit lines. With the measure, 13 million customers had an effective increase in their loan limit.

For individuals, the reinforcement of resources occurs in the personal credit lines (payroll loans, salary credit and automatic credit). For companies, the state-owned bank will increase the resources available for working capital, investment and prepayment of receivables lines by R $ 48 billion.

“It is very important that credit remains available to our customers at this time, which will help to overcome the difficulties that they may face. The guidance for our managers is to closely monitor the situation of each client so that we can anticipate the appropriate financial solutions at the first signs of difficulty, ”said Rubem Novaes, president of Banco do Brasil.

Mobilized sector

The two institutions were also part of the statement released earlier this week by Febraban, in which the five major Brazilian banks – Itaú, Bradesco and Santander, in addition to Caixa and BB – pledged to “meet requests for a 60-day extension of their debt maturities ”.

Santander even announced an increase of 10% in the limits of credit cards with payments on time. The institution also decided to anticipate to April the total payment of the 13th salary of its 47 thousand employees.

Such measures are facilitated by a recent determination by the National Monetary Council (CMN), which also announced changes to enable banks to expand credit lines and renegotiate debts.

Among them is the reduction of the Principal Capital Conservation Additional (ACPConservação) for one year, from 2.5% to 1.25%. This cut, according to the Central Bank (BC), will increase capital slack in the financial system by R $ 56 billion.

The measure should also increase the total credit granting capacity of the national system to around R $ 637 billion.

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