The value of loans in Brazil decreased by 0.1% over a month to BRL 5.363 trillion in April 2023, following an upwardly revised 0.8% rise in the prior month and defying market expectations of a 0.9% increase. Bank lending for businesses fell by 0.6% in April to BRL 2.087 trillion, while credit to individuals saw a slight increase of 0.2% to BRL 3.277 trillion. Compared to the same month of the previous year, total credit rose by 11.1% in April, slowing down compared to the expansion of 12.1% in the previous month. Meanwhile, a broad measure of default rates for non-earmarked credit in Brazil, encompassing both individuals and businesses, rose to 4.7% in April from 4.5% in March, marking the highest level since March 2018. source: Banco Central do Brasil
Loan Growth in Brazil averaged 1.02 percent from 2007 until 2023, reaching an all time high of 3.70 percent in September of 2008 and a record low of -1.00 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. Brazil Loan Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Loan Growth in Brazil is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Loan Growth is projected to trend around 2.00 percent in 2024, according to our econometric models.