Consumer credit outstanding receivables
The Brazilian consumer credit portfolio soared to R$ 3.53 trillion as of September 2023, marking a notable year-on-year nominal increase of 11%. Analyzing the behavior across different loan types reveals the following trends: With a 9.5% uptick, loans for vehicles remain a popular choice among consumers, reflecting sustained demand in the automotive sector. Personal loans witnessed a respectable growth rate of 5.8%, indicative of continued reliance on financial assistance for individual needs.
The home loan sector experienced substantial growth, registering a notable 12.3% increase. The credit card segment saw a commendable growth rate of 10.3%, showcasing the enduring appeal of credit card usage among Brazilians for their daily transactions. With a 9% increase, consigned loans maintained their popularity, offering a reliable borrowing option. And rural loans demonstrated remarkable growth, surging by 18.8%, while the miscellaneous loan category witnessed an 8.9% increase on average.
Market share growth rankings
Leading the pack with a market share growth of 0.16, Banco do Brasil reaffirms its position as a key player in Brazil's banking sector. Not far behind, Nubank secures a significant growth rate of 0.13, consolidating its position as a formidable challenger in the market. Will bank with a growth rate of 0.08, demonstrates its rising prominence in the Brazilian banking scene. Maintaining momentum with a growth rate of +0.07, C6 Bank solidifies its foothold in the competitive landscape. And rounding up the top five ranking list, Agibank secures a growth rate of +0.04, indicating steady progress in expanding its market presence.
In terms of loan portfolio volume, notable players emerge across different sectors:
Vehicle Loans:
Santander Brasil leads the pack with a commanding 21.5% share, followed by Votorantim (banco BV) at 14.9% and Banco Bradesco at 11.9%.
Credit Cards Loans:
Credit Cards Loans:
Itaú Unibanco dominates the sector with a substantial 25.1% share, trailed by Banco Bradesco at 13.4% and Nubank at 11.1%.
Home Loans:
Home Loans:
CAIXA emerges as the leader in this segment with an impressive 67.3% share, followed by Itaú Unibanco at 11.1% and Banco Bradesco at 8.2%.
These rankings underscore the dynamic nature of Brazil's consumer lending landscape, with established institutions and innovative challengers vying for market share across diverse loan categories.
These rankings underscore the dynamic nature of Brazil's consumer lending landscape, with established institutions and innovative challengers vying for market share across diverse loan categories.
