Outstanding loans totalled R$3.5 trillion in January

The amount of outstanding loans in Brazil fell to 3.5 trillion reais ($787 billion) in January, marking a decline of 0.4% on the month and a rise of 7% from a year before, the central bank said.

Lending spreads widened on the month to 28.3% from a downwardly revised 27.9% in December, while the 90-day default ratio rose to 3.8% in January from 3.7% in December.

Original Story: Reuters | Jamie McGeever
Photo: Photo by Cesar Fermino for
Edition: Prime Yield