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Brazil bank lending falls 0.1 pct in August, defaults stable
September 27, 2017 / 1:39 PM / 20 days ago

Brazil bank lending falls 0.1 pct in August, defaults stable

BRASILIA, Sept 27 (Reuters) - Brazilian bank lending slipped 0.1 percent in August from the previous month due to a drop in loans to companies, while defaults remained flat at a six-month low, the central bank said on Wednesday.

Defaults of 90 days or more, a benchmark gauge for loan delinquencies, came in at 5.6 percent of non-earmarked, outstanding credit last month, the bank said. (Reporting by Marcela Ayres; Writing by Silvio Cascione; Editing by Chizu Nomiyama)

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