August 24, 2017 / 1:45 PM / in 3 months

Brazil bank lending slips in July, defaults flat

SAO PAULO, Aug 24 (Reuters) - Brazilian bank lending slipped 0.6 percent in July from the previous month, reversing a 0.4 percent increase in June, the central bank said on Thursday, but defaults remained flat at a five-month low.

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 Bruno Federowski and Patricia Duarte; Editing by Chizu Nomiyama)

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