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Panel SA: Research shows banks that Brazilians think it’s normal to inflate income when borrowing


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A survey carried out by Fico, a company that develops management software for financial institutions, showed the willingness of Brazilians to lie, inflating their monthly income, to get more credit from banks or finance companies.

More than 1,000 Brazilians were heard and about 40% consider this type of maneuver to be “normal” or “acceptable”.

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For Fico, the trend may indicate problems for banks in the medium and long term — difficulty for the customer to pay off loans.

Although it has already conducted the survey in previous years, this is the first time that the company has asked respondents about the legitimacy of manipulating data to obtain credit.

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The question was asked at a time when there was a rise in the supply of credit and also at a time when individuals were in default on loans.

A recent survey by Febraban showed that, in free credit, the recovery of the economy boosted consumption, which benefited lines such as credit cards and personal loans.

This component incorporated the projection of the portfolio of individuals with free resources – which changed from 17.2% to 18.2%.

On the other hand, the expectation of growth in delinquency increased from 3.9% to 4.3% Currently, the portfolio delinquency is at 4.0%.

Julio Wiziack (interim) with Paulo Ricardo Martins and Diego Felix

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