The amount of outstanding loans in Brazil rose 0.4% in June from the previous month at 3.296 trillion reais ($873 billion), representing some 47.2% of gross domestic product, the central bank said on Friday.
Loan defaults edged down to 3.8% from 3.9% in May, while lending spreads widened to 31.5 percentage points from 31.1 percentage points the month before.
In the first half of the year, the total stock of outstanding loans in Brazil rose 1.2%, the central bank said.
Original Story:Reuters | Marcela Ayres and Jamie McGeever
Photo: Bruno Leiva for FreeImages