But according to the Financial Times, Brazilian banks took it to the next level this year and decided to “burn” part of their sizable profits in Christmas lighting and decor of their agencies, in what seemed like a motto of “the more the merrier” (see pictures below).
Idea: could these three large banks perhaps pass on these Christmas investments in the form of savings for their customers who pay about 180% a year in overdraft interest rates? Seems like a fair proposition… perhaps they can lower it to, say 150% and be content with one Christmas tree per agency?
Anyway, good for them… watch below:
Brazil’s state-owned Banco do Brasil…
And the winner is…. Bradesco!
Source: Financial Times