Credit Concession in the Brazilian Banking Sector in the Period of the International Financial Crisis

Abstract

The international financial crisis of 2008 was triggered in the United States and affected the global financial scenario, since it caused a lack of liquidity in the market and credit was restricted. In this context, the objective of this research was to compare the evolution of credit granted by public and private banks in Brazil before and during the crisis, covering the years 2002 to 2009. The study was conducted through a bibliographic and quantitative research, based on data obtained from the Ministry of Finance and the Central Bank of Brazil. It was found that from September 2008 to December 2009, the growth of credit operations of private institutions was 3.91% compared to a 55.62% increase in public institutions.