The stock of real estate credit letters (LCIS) and agribusiness letters of credit (LCAS), exempt income tax securities, grew more than 15% in March and reached R $ 979.1 billion, according to a B3 survey. The advance of these papers pulled the upper general of 15.4% in fixed income bank capture products recorded on the stock exchange, which ended the month with R $ 5.68 trillion in volume.
The LCIs totaled R $ 430.4 billion in the month, up 18.6% compared to March 2024. The LCAs advanced 15.6% in the same interval, to R $ 548.7 billion. The appeal of tax exemption for individual investors has sustained the demand for these assets.
In all, the B3 survey includes CDBs, DIS, LFS, RDBs, Ligs, besides the LCIs and LCAs. Bank Deposit Certificates (CDBs) follow as the main modality, with R $ 2.57 trillion in stock and 45.2% participation in total. The annual growth of CDBs was 14.3%.
Financial letters (LFS), focused on long -term funding and institutional focus, recorded the largest proportional advance, with a 24%increase, reaching R $ 834.3 billion.
Inter -finance deposits (DIS) totaled R $ 680.3 billion, with an increase of 15% on an annual base. The RDBs rose 8.7%to R $ 500.6 billion, while the guaranteed real estate letters (Ligs) grew by 2%to R $ 116 billion.
“Fixed income products are still attracting investors and represent a good alternative at the present time of interest,” said Leonardo Betanho, B3 counter superintendent.