Brasília – Savings deposits reached R$ 108.190 bn (US$ 53.40 bn) in March, while withdrawals amounted to R$ 102.229 bn (US$ 50.46 bn), the Brazilian Central Bank reported this Thursday (4th). Net inflow stood at R$ 5.96 bn (US$ 2.94 bn), the best ever for the month of March, and more than twice the surpluses recorded in January and February, both of which stood at around R$ 2.3 bn (US$ 1.13 bn).
The savings surplus in March, combined with R$ 2.265 bn worth of yields during the month, has raised the total amount invested to R$ 513.828 bn (US$ 253.637 bn), of which R$ 498.472 bn (78.11%) are in the Brazilian Savings and Loans System (SBPE, the Portuguese acronym), which allocates 65% of its funds to real estate financing, and R$ 112.461 bn (21.88%) rural savings accounts (poupança rural).
According to the Central Bank report, March was the 13th straight month of savings surpluses, of with the SBPE has accounted for R$ 4.523 bn (US$ 2.232 bn) and rural savings accounts have accounted for R$ 498.472 mn (US$ 246.057 mn).
*Translated by Gabriel Pomerancblum
