Itaú BBA - New corporate loans soar in March

Macro Brazil

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New corporate loans soar in March

abril 28, 2020

Overall delinquency increased by 0.2 p.p. to 3.2% 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 March. New non-earmarked loans climbed 5.8% mom/sa in real terms, driven by a 26.3% jump in loans granted to non-financial corporations, reflecting increased demand by businesses to face the coronavirus crisis. Meanwhile, new non-earmarked loans to households declined 12.9%. New earmarked loans advanced 1.5% as loans to non-financial corporations rose 16.6% and loans to households dropped 4.3%. Overall delinquency increased by 0.2 p.p. to 3.2% in seasonally adjusted terms. The average interest rate and spread declined. 

 

Rodrigo Tolentino


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



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