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Brazil sees faster loan growth on state banks-central bank
September 26, 2012 / 2:50 PM / 5 years ago

Brazil sees faster loan growth on state banks-central bank

SAO PAULO, Sept 26 (Reuters) - Brazil’s central bank on Wednesday upped the estimate for growth in bank lending to 16 percent from a prior 15 percent forecast, mainly due to expectations that state-run lenders will sharply step up disbursements.

The estimate for lending growth at state lenders was raised to 24 percent this year from a prior 21 percent, Tulio Maciel, the central bank’s head of economic research, said at a news conference.

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