Cooperatives of Credit of Brazil: Classification in Levels of Financial Sustainability

Abstract

This research has for objective to classify, from the financial statements Brazilian Cooperatives of Credit in levels of financial sustainability. Analysis of the industry from the data of 31/12/2007 was analysed from Brazilian Central Bank database. This analysis if gave from pointers of the financial structures, the assets and the statements of results of 1439 institutions. In the development of the classification, also it was used 31 statements of the previous year of liquidation of cooperatives of credit eliminated by the Central banking between 2003 and 2007. An index, called of Index of Financial sustainability of the Cooperatives of Credit was developed, with five scales of classification: 1 - Sustainability compromised; 2 - Low sustainable; 3 - Average sustainable; 4 - High sustainable and 5 - Excellent sustainable. Five pointers had been taken in consideration for classification, namely: a-Size; b - Financial Independence; c  Immobilization of the Equity; d-Leftovers/Equity and; e- Self sustainability in the Period, considering 6 levels, being one above of the average point and the others 5 in scales percentiles below of the sector average point. It was used of software SPSS 15.0 he will be windows with analyses of descriptive statistics e crosstabs. The results relate 54 not sustainable cooperatives of credit as e 150 as being of low sustainability, amongst that they were in operation in 31/12/2007, corresponding 3.8% and 10.4% respectively of the 1439 singular cooperatives in activity. Amongst the 31 eliminated, 74.2% had been classified in low sustainability and 19.4% on average sustainability. The methodology allows to segregate amongst a great population the credit cooperatives.