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Savings result the best for an August in four years

06/09/2017 at 18:26h

Brasília – Savings deposits exceeded withdrawals for the fourth straight month in Brazil in August, with net deposits reaching BRL 2.14 billion, the Brazilian Central Bank said this Wednesday (6). Although the amount is down from BRL 2.34 billion in July, it is the best for an August since BRL 4.65 billion in 2013.

Despite the good results seen in the past four months, withdrawals outpaced deposits year-to-date through August, by BRL 7.81 billion. Nevertheless, this was the best result from January to August since BRL 14.16 billion in net deposits through August 2014.

Via Agência Brasil. Translated by Gabriel Pomerancblum

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