Financial intermediation margin (MIF) /n1
percentage points
 
 
Public Banks
M1 M4 M4-A
Private Banks
M1 M4 M4-A
Other Intermediaries  /n2
M1 M4 M4-A
April/2023
May/2023
June/2023
July/2023
August/2023
September/2023
October/2023
November/2023
December/2023
January/2024
February/2024
March/2024
April/2024
May/2024
June/2024
July/2024
August/2024
September/2024
October/2024
November/2024
December/2024
January/2025
February/2025
March/2025
4.60
4.56
4.51
4.47
4.40
4.35
4.32
4.30
4.27
4.28
4.32
4.33
4.40
4.45
4.49
4.56
4.64
4.72
4.77
4.78
4.83
4.87
4.88
4.92
5.68
5.61
5.54
5.48
5.36
5.26
5.21
5.14
5.09
5.08
5.09
5.09
5.17
5.20
5.23
5.30
5.36
5.45
5.51
5.54
5.58
5.62
5.63
5.67
4.33
4.27
4.20
4.15
4.06
4.00
3.96
3.94
3.91
3.93
3.97
3.99
4.08
4.13
4.19
4.27
4.35
4.43
4.49
4.51
4.56
4.63
4.63
4.68
6.31
6.37
6.41
6.42
6.43
6.44
6.43
6.40
6.37
6.32
6.31
6.84
6.80
6.24
6.23
6.25
6.25
6.25
6.27
6.28
6.29
6.29
6.26
6.24
7.01
7.07
7.09
7.10
7.12
7.12
7.10
7.07
7.05
6.98
6.98
7.56
7.53
6.91
6.92
6.92
6.92
6.93
6.95
6.98
6.99
6.98
6.95
6.93
6.07
6.12
6.15
6.16
6.17
6.16
6.16
6.12
6.09
6.04
6.03
6.00
5.97
5.97
5.96
5.98
5.98
5.99
6.01
6.03
6.04
6.03
6.03
6.01
6.61
6.66
6.61
6.56
6.44
6.37
6.31
6.23
5.75
5.81
5.98
5.98
6.01
5.97
6.02
6.06
6.17
6.24
6.27
6.33
6.82
7.46
7.54
7.61
9.64
9.72
9.66
9.57
9.47
9.37
9.25
9.16
8.45
8.57
8.79
8.80
8.82
8.72
8.73
8.77
8.85
8.87
8.85
8.88
9.53
10.43
10.43
10.45
5.93
5.96
5.89
5.82
5.69
5.60
5.52
5.44
4.97
5.03
5.19
5.20
5.24
5.21
5.28
5.33
5.45
5.52
5.58
5.65
6.14
6.20
6.20
6.29

Notes:
n1/ M1 = (Income Productive Assets / Productive Assets) - (Financial Expense / Total Liabilities); M4 = (Income Loans / Loans) - (Financial Expense / Brokerage Liabilities); M4-A = (Income Productive Assets) / (Productive Assets ) - - (Financial Expense / Brokerage Liabilities);
n2/ Includes Cooperatives, Mutual and Financial

 
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