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[BUSINESS] · Brazil · 3 sources

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Part of situation: Brazilian consortium market growth and regulation (2 clusters)

Brazilian consortium system nears 14 million active members

consortium system ABAC Brazilian economy financial services consumer credit

The Brazilian consortium system is approaching a historic milestone of 14 million active members. According to data from the Brazilian Association of Consortium Administrators (ABAC), the sector reached 13.93 million members in September, representing a 14.2% increase compared to the 12.20 million recorded in the same month last year.

From January to September, the system accumulated R$ 454.13 billion in business transactions, a 23.7% increase over the R$ 367.23 billion achieved during the same period last year. During these nine months, 4.37 million quotas were sold, marking a 14.1% rise from the previous year.

Additionally, the number of contemplated members exceeded 1.33 million, with credit releases totaling R$ 97.83 billion. ABAC Executive President Paulo Roberto Rossi noted that the sustained business rhythm reflects the financial maturity and discipline of Brazilian consumers.

Entities

Associação Brasileira de Administradoras de Consórcios · Brazil · Paulo Roberto Rossi

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Consorciados aproximam-se dos 14 milhões ao crescerem 14,2% [valor.globo.com]
Consorciados aproximam-se dos 14 milhões ao crescerem 14,2% - Portal Comunique-se [portal.comunique-se.com.br]
Consorciados aproximam-se dos 14 milhões ao crescerem 14,2% - Leia Notícias [leianoticias.com.br]