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Brazil bank lending rises 0.6 pct in July, defaults stable
August 29, 2013 / 1:36 PM / 4 years ago

Brazil bank lending rises 0.6 pct in July, defaults stable

BRASILIA, Aug 29 (Reuters) - Bank lending in Brazil rose 0.6 percent in July from the prior month, the central bank said in a report on Thursday.

Loans in arrears for 90 days or more, the industry’s benchmark gauge for credit delinquencies, remained stable from June at 5.2 percent of outstanding loans, the report added.

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