On the liabilities’ side, we have broadened the range of instruments included in financial institutions’ equity that make it easier to attract resources in the long run. The so-called “hybrid bonds” or “perpetuities” have become eligible as basic capital. What distinguishes these instruments is their extended maturity, which we have determined to be no less than 30 years.
The possibility of accessing this type of funding, particularly considering the current context of marked liquidity in the financial markets, favors long-term financing and fosters productive investment and housing financing and, simultaneously, the development of the domestic capital market. One of the features that has historically characterized our system is the low use of banking services.