Itaú BBA - New non-earmarked loans decline in October, but upward trend continues

Macro Brazil

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New non-earmarked loans decline in October, but upward trend continues

November 28, 2018

Overall seasonally-adjusted delinquency decreased 0.1 p.p. to 2.9%.


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

The Brazilian Central Bank released today the credit figures for October. In real terms, the daily average of new non-earmarked loans fell 2.8% mom/sa (after rising 3.3% in September), but expanded 9.0% over 12 months (8.8% in September). In the non-earmarked segment, new loans dropped 3.9% during the month and 8.8% over the 12 month period. Overall seasonally-adjusted delinquency decreased 0.1 p.p. to 2.9%.

Rodrigo Tolentino

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



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