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Brazil September Bank Lending Rises 0.8 M/m

BRAZIL
  • According to the Central bank’s bank lending report, Bank lending was 5,576b reais in September, up 0.8% on the month.
  • Bloomberg provided the following data:
  • Personal loan default rate falls to 6.0% vs 6.1% in previous month
  • Business loan default rate rises to 3.4% vs 3.3% in previous month
  • Avg interest rate falls to 43.3% vs 43.5% in previous month
    • Personal loans 57.3% vs prior 57.8%
    • Company loans 22.9% vs prior 22.5%

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