Brazil's Total Credit Balance Rises 0.7% in June
2 sources · Brazil
Who reported this
- CNN Brasil
- Folha de S.Paulo
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- Hatched: the outlet is state-affiliated or state-controlled
Lean is where the outlet sits in its OWN country's politics, never on one global scale.
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Every source for this story reports from Brazil.
Every outlet covering this story shares the same political lean; read with that in mind.
The total balance of credit operations in Brazil rose 0.7% in June to approximately R$ 7.4 trillion, according to data released by the Central Bank. Loan grants increased by 6.5% during the month; specifically, financing with free resources grew by 6.7%, while operations with directed resources advanced by 4.9%.
The growth in total credit stock was supported by a 1.5% increase in corporate operations, totaling R$ 2.7 trillion, and a 0.2% increase in individual operations, which reached R$ 4.6 trillion. Over the past 12 months, total credit increased by 9.7%. The delinquency rate for the total credit portfolio stood at 4.7%, matching May's level and marking the highest rate since March 2011.
Regarding costs, interest rates for free credit were reported at 49.8% with a bank spread of 35.8 percentage points. Other data from the Central Bank indicates an average interest rate of 33.4% and a stable bank spread of 21.9 percentage points.
How each side framed it
- Centre
- Outlets of this lean focused on objective Central Bank statistics, though one emphasized new loan grants and costs while the other prioritized total balance and historical delinquency trends.
Sources
Faithfulness score: 1.00 (fraction of claims supported by the sources, self-judged).