LatinNews Daily - 28 February 2023

In brief: Monthly drop in lending in Brazil

* Brazil’s central bank (BCB) has released the latest data on lending, showing that outstanding loans dropped 0.3% in January from the month before, to total R$5.3trn (US$1.01trn), although this was up 13.6% from January 2022. The monthly drop was mainly driven by a decrease in loans to companies, which came to R$2.1trn, down 2.4% from the previous month. On the other hand, loans to individuals or families saw an increase, totalling R$3.2tn, up 1.1% from December. In year-on-year terms, the outstanding balance to companies decreased 7.9%, while the balance to families increased 17.8%. The BCB also registered an average interest rate for lending of 31.2% per annum in January, up 1.1 percentage points in monthly terms and up 5.6 percentage points over 12 months.

End of preview - This article contains approximately 141 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.