The savings account closed 2021 with a net withdrawal of 35.497 billion reais, after having raised a record of more than 166 billion reais in 2020, data from the Central Bank showed on Thursday (6).
Over the past year, withdrawals exceeded deposits in the Brazilian System of Savings and Loans (SBPE) –a source of real estate financing– in the amount of 34.755 billion reais. In rural savings –focused on loans to agribusiness–, outflows were smaller, at 741.413 million reais.
In December 2021, however, savings registered a net inflow of 7.660 billion reais, with 6.138 billion reais in the SBPE and 1.522 billion reais in rural savings.
The net outflow of resources from the portfolio in 2021 indicates an adjustment after the significant inflows in 2020, a year of greater economic uncertainty that may have led more people to make savings.
Last year, there were seven months of net redemptions in savings, concentrated in the first quarter and the last four months. January was the month with the highest output (-18.154 billion reais), followed by November (-12.377 billion reais).
With the basic interest rate of the economy above 8.5% per year (the Selic is at 9.25%), savings deposits returned to a fixed income of 0.5%, or 6.17% per year, plus the reference rate (TR).
Reference: CNN Brasil
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