February 23, 2017 / 1:42 PM / 6 months ago

Brazil's bank lending falls 1 pct in January from December

BRASILIA, Feb 23 (Reuters) - Bank lending in Brazil dropped 1.0 percent in January from December as corporate credit declined, according to central bank data released on Thursday.

Lending fell to 3.074 trillion reais ($1.00 trillion). Loans in arrears for 90 days or more, a benchmark for delinquencies, remained unchanged at 5.7 percent of outstanding non-earmarked loans, the central bank said.

$1 = 3.0599 reais Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by Chizu Nomiyama

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