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Classificação da Informação: Uso IrrestritoClassificação da Informação: Uso Irrestrito
JOÃO TAVARESCFO
Banco Cooperativo Sicredi
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Brazil|Economic Outlook
Political Scene Economic Scenario
No alignment between theExecutive and Legislative branches
Low popularity of the government
Political discontinuity risk:
possible annulment of the 2014election
possible impeachment of thePresident
High public deficits
High inflation
Low confidence in the e
Recession
External sector might beto resume growth
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Brazil|Economic Outlook
Public Deficit (% GDP)
Difficulty to cut spending No political alignment for public
deficit solution Lack of structural reforms (e.g. Social
Security)
Recession affecting tax revenues
Consumer Inflation (%
Cut in energy subsidies (20 Currency devaluation Interest rate raised from 11 Interests should start to fall
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Brazil|Economic Outlook
GDP Growth (YoY)
Recession since mid 2014 Political uncertainty Cut in Public Spending and subsidies Tax raises High interests rates
Exchange rate (R$/US
US resuming interest rate g Slowdown in the Chinese e
than the anticipated High public deficit and de
Sources: Brazil Central Bank and IBGE
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Brazil|Economic Outlook
Export Sectors (GDP Growth, %)
Increased competitiveness throughcurrency devaluation
Brazilian Export Sectors (Mining andAgricultural) had the highest
productivity gains in the last 15 years
Trade Balance (USD b
Exports began to respond devaluated exchange rat
Import decreases due to trate and the economic do
Sources: Brazil Central Bank and IBGE
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Brazil|Economic Outlook
Banking Concentration (Total Assets)
The Four largest banks in Brazil have69% of National Financial Systemassets
Delinquency Rate (Ov
The delinquency rate ha2015, but has moved lesshave been expected forBrazilian recession
Sources: Brazil Central Bank and IBGE
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Brazil|Economic Outlook
Credit/GDP (%)
Despite the recession, the credit as aproportion of GDP advanced in 2015
However, the increase was smaller than in
recent years
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with the same interests”
OCB: Organization of Brazilian Cooperative
“Collaboration is the association o
8/17/2019 3. Sicredi presentation.pdf
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COOPERATIVISMO
(show off)
TIVISCOOPERA
8/17/2019 3. Sicredi presentation.pdf
10/23Classificação da Informação: Uso IrrestritoSource: WOCCU 2014 Statistical Report
Credit Cooperativism|World
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Credit Cooperativism|Brazil
Source: ¹ OCB/2014; ² Credit Cooperatives + Cooperative Banks; ³ Central Bank: December/2015; 4 Central Bank: December/2014; 5 IBGE – July 2015.
RANKINGcompared to institutions
in the market²
#5 1,077credit cooperatives³
members/population53.7% as3.8%of deposits in thefinancial market4 3.1%of credit operations in the market4
MILLION8.4
cooperative members¹
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NATIONWIDE REACH
8/17/2019 3. Sicredi presentation.pdf
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REGIONAL
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NATIONWIDE REACH REGIONAL
8/17/2019 3. Sicredi presentation.pdf
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Classificação da Informação: Uso IrrestritoSource: Sicredi, Dashboard Direx (February 2015/2016); * Amounts in R$ (Combined Vision)
Sicredi|At a Glance
2015 2016February
3.19
TOTAL MEMBERS
(MM)
2.96
8.2NET WORTH*(R$ billion) 6.9
1,400POINTS OFSERVICE 1,341
18.0EMPLOYEES (000) 19.3
95SINGULARCOOPERATIVES 99
53.8ASSETS*(R$ billion) 47.5
COMPARISON CURRENT VISION
MT
MS
SC
RS
PR
SP
GO
T
PA
RO
Si di| When combining the states in which Sicredi is prese
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Sicredi|Presence When combining the states in which Sicredi is prese region Unicred Central NNE caters to, we see tha reached a new level together...
SICREDI
PR
* Considering Pará, which state Sicredi and Unicred our present. Amazonas is part of Unicred’s reach, but no business presence yetSicredi + Unicred NNEStates in which Sicredi is currently not present (but are already within our reach)
SICREDI PRESENCE UNICREDCENTRAL NORTH/NORTHEAST
PRESENCE*
Si di|Ch l f diff t bli
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Sicredi|Channels for different publics
Si di|P d t f diff t bli
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Sicredi|Products for different publics
8/17/2019 3. Sicredi presentation.pdf
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Obsession for an excellent experience
for members and employees
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sicr
gen
fac
twit
PEOPLE
WHO
COOPERATEGROW.