September 25, 2019 / 1:48 PM / 19 days ago

Brazil loan defaults rise to 4.0% in August, highest since January - central bank

BRASILIA, Sept 25 (Reuters) - Loan defaults in Brazil rose to 4.0% in August, the central bank said on Wednesday, up from 3.9% the month before and the highest level since January.

The amount of outstanding loans in Brazil rose 1.1% in August from the previous month to 3.3 trillion reais ($788 billion), while lending spreads held steady at 31.6 percentage points, the central bank said. ($1 = 4.1850 reais) (Reporting by Jamie McGeever; Editing by Toby Chopra)

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