Itaú BBA - Non-earmarked loans decline in April, dragged by corporate credit

Macro Brazil

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Non-earmarked loans decline in April, dragged by corporate credit

mayo 29, 2019

Seasonally-adjusted delinquency slid 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 April. New loans fell 0.7% mom/sa in real terms for the non-earmarked segment (after a 2.3% hike) and tanked 10.7% mom/sa for the earmarked segment. Seasonally-adjusted delinquency slid 0.1 p.p. to 2.9%. Average interest rates and spreads were stable.
 

Rodrigo Tolentino
 

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



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