The value of loans in Brazil rose 1.1 percent month-over-month to BRL 3,410 million in November of 2019, following a 0.3 percent gain in the previous month. Loans to companies went up 1.4 percent to BRL 1,440 million, recovering from a 0.8 percent drop in October and lending to households increased 0.9 percent to BRL 1,970 million (vs 1.1 percent in October). Year-on-year, bank loans grew 6.3 percent, the same as in the prior month.
Loan Growth in Brazil averaged 1 percent from 2007 until 2019, reaching an all time high of 3.68 percent in September of 2008 and a record low of -1.02 percent in January of 2017. This page provides the latest reported value for - Brazil Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Loan Growth in Brazil is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Brazil to stand at 0.60 in 12 months time. In the long-term, the Brazil Loan Growth is projected to trend around 0.50 percent in 2020, according to our econometric models.