The vice-president of Finance and Controllership at Caixa Econômica Federal, Marcos Brasiliano Rosa, stated this Thursday (27) that Brazil is not experiencing an income and employment crisis that could impact the level of family default, but that the population’s personal finances are suffering from the pressure of high interest rates, currently at 15% per year.
According to him, the bank’s portfolio gives “peace of mind” to face this moment. The statement was made during the presentation of the institution’s third quarter balance sheet, which took place in São Paulo.
In the third quarter of this year, Caixa Econômica Federal recorded net accounting profit of , an increase of 15.4% compared to the same period in 2024 and 50.3% compared to September last year.
“Our portfolio gives us peace of mind to face this moment. We realize, from an economic perspective, that we do not have an income crisis, we do not have an employment crisis. Family debt is much more worrying due to the interest rate today, at the level it is at, than the volume itself”, he says.
Caixa’s default rate rose from 2.66% in June to 3.01% in September, still below the competition’s average, which went from 3.79% to 4.12%, according to the bank’s most recent balance sheet.
Within Caixa’s portfolio, 78.4% of credit operations are classified as C1 and C2, which have a higher quality guarantee for payment. Following the graduation of levels with lower guarantees, the bank’s portfolio has 10.8% in C3, 0.0% in C4 and 10.8% in C5.
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The biggest contribution to the increase in default came from agribusiness, which rose from 7.02% to 11.20% in the same period, with commercial in second place (8.23% to 8.95%) and real estate in third (2.66% to 3.01%).
According to Brasiliano, the expected drop in interest rates in 2026 brings opportunities to accommodate the default scenario in Brazil. According to the vice president, the bank does not plan to change the dynamics of granting credit. “I understand that Caixa is very confident about its funding and investment logic, and has no structural risks in relation to this dynamic,” he stated.
