Itaú BBA - New non-earmarked loans decline in May, dragged by corporate loans

Macro Brazil

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New non-earmarked loans decline in May, dragged by corporate loans

June 26, 2020

Overall delinquency slid 0.1 p.p. to 3.1% in seasonally adjusted terms.


For the version with all charts and tables, please open the attached pdf file

 

 The Brazilian Central Bank released today the credit figures for May. The decline in new non-earmarked loans eased to 2.2% mom/sa in real terms from -18.9% in April. New earmarked loans advanced 3.9% using the same metric (9.7% in April). Overall delinquency slid 0.1 p.p. to 3.1% in seasonally adjusted terms. The average interest rate and spread also decreased. 

 

Rodrigo Tolentino


For the version with all charts and tables, please open the attached pdf file
 



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