Anyone looking at Banco Inter today, with a vast portfolio of 100% digital products and services, may not even remember how it started.
Inter is the result of the old bank Intermedium and originally focused on real estate and payroll loans.
The name change came in 2017 and, in the following year, the bank went through the IPO, until reaching the format it operates today and which has already conquered more than seven million customers.
The high investment in acquiring new customers makes Inter have a great evaluation, second only to Nubank.
But, is it really worth leaving the capital invested in Inter when comparing risks, advantages and disadvantages in relation to other banks?
A Capital Research report released recently analyzed the economic scenario and some of the products offered by Inter, with their respective rules and profitability.
In the text, the chief analyst, Samuel Torres, demonstrates in numbers why leaving investments in the institution is not the best choice.
Like other digital banks, Inter is still undergoing major investments to maintain accelerated growth, which has had a negative impact on its profitability.
But unlike Nubank, analyzed in another report recently published, Inter is in a slightly better financial position.
Even with a well-defined strategy to make its clients profitable, which takes time and has a negative impact on short-term results, Inter has been able to maintain a positive ROE (return on equity). In addition, the Basel index is considerably healthy.
Other numbers referring to insurance operations, credit operations and capital increases were also analyzed and put Banco Inter at a healthy level, even with the impacts of the pandemic in 2020.
“Clearly, Banco Inter still has a long way to go in terms of profitability, mainly in terms of making its customer base profitable. But even now, the bank is already operating on a positive note, with a poorly leveraged balance sheet and a good quality and low risk credit portfolio ”, points out the analyst.
But, this does not mean that the bank is a good option for those who want to invest. The best way to check the cost-benefit of an application is to compare it with similar or equal options available on the market. And this is where Inter loses.
In addition to traditional investments, such as investment funds, stocks and FIIs, Inter offers some fixed-income securities issued by itself: CDBs and LCIs.
CDBs are post-fixed and have daily liquidity, and LCIs are also post-fixed, but with liquidity only at maturity.
The key point here is that the profitability of CDBs increases with the amount invested, while in the case of LCIs it increases with both the value and the term of the investment.
“The difference in profitability due to the increase in the amount invested is of little relevance, and it does not make sense to put more money if the only reason is to only achieve the increase in income as a percentage of the CDI. What makes sense is to increase the investment term to pay less Income Tax, given that the rate is regressive ”, explains Samuel Torres.
Analyzing the context, however, less risky banks, such as BTG Pactual, Daycoval and Banco ABC offer the same securities with higher yields and / or less minimum investment.
To exemplify, the investor who allocates from R $ 100.00 to R $ 249,999.99 at Banco Inter, in a 12-month LCI, with equivalent profitability on a non-exempt basis (% of CDI), will result in 121.3% .
If the term is 24 months, the result goes to 118.8%. For the term of 36 months, the number is 120.0%. A 12-month LCI / LCA at BTG Pactual, for example, with a minimum investment of R $ 1,000, will yield 110%. For 24 months, the number rises to 116%, and in 36 months, it reaches 119%.
“Since it is possible to find the same investment products issued by lower risk banks and paying a higher remuneration and, in most cases, with a lower minimum investment, I do not recommend investing your money in Banco Inter’s CDBs and LCIs”, says analyst Samuel Torres, concluding that “investments in Banco Inter’s CDBs and LCIs present a moderate downside risk. Lower than that of Nubank, but higher than that of other midfielders and that of large banks ”.
In the case of Bitcoin investments, a survey conducted recently by fintech BlueBenx shows that more than 75% of cryptocurrency investors are afraid of losing everything.
Thus, about seven out of ten users expressed concern about the loss of investments related to cryptocurrency balances.
In addition, 17.7% of respondents stated that they may not get the profit they expected from this type of investment.
The Bluebanx study heard 310 investors in total. According to fintech specializing in the Bitcoin market, only 6.9% of users claimed that they have no concerns about investing in cryptocurrencies.