Brazilian bank lending spreads widened to 23.4 percentage points in January | Instant News

BRASILIA, February 25 (Reuters) – Brazil’s bank lending gap widened in January to 23.4 percentage points from 20.9 percentage points in December, while the 90-day default rate edged up to 3.0% from a series low of 2.9% , said the central bank. on Thursday.

The amount owed in Brazil remained stable for the month at 4 trillion reais ($ 736 billion) and over the past 12 months loan growth increased by 16%, the central bank said.

($ 1 = 5,4350 reais) (Reported by Camila Moreira and Jamie McGeever; Edited by Alex Richardson)

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