Brasília – Savings deposits outstripped withdrawals by roughly R$ 518 million (US$ 230.96 million) in August, according to data released this Thursday (4th) by the Brazilian Central Bank (BC). This is the worst result since August 2006, when withdrawals surpassed deposits and the outflow stood at R$ 280.5 million (US$ 125.07 million).
Last month, withdrawals amounted to R$ 135.05 billion (US$ 60.216 billion) and deposits, to R$ 135.5 billion (US$ 60.417 billion). Earnings deposits amounted to R$ 3.6 trillion (US$ 1.605 trillion) and the total amount of savings deposits reached R$ 638.4 billion (US$ 284.65 billion), of which R$ 499.4 billion (US$ 222,674 billion) concern deposits under the Brazilian Savings and Loans System (SBPE, in the Portuguese acronym) and R$ 138.9 billion (US$ 61.933 billion) concern rural savings deposits. From January through April this year, net savings deposits reached R$ 14.1 billion (US$ 6.286 billion), as against R$ 42.2 billion (US$ 18.816 billion) in the same period last year.
*Translated by Rodrigo Mendonça
