Roundup: Payment statistics, mortgage lending, corporate credit demand

Thursday, June 16, 2011

Brazilian central bank BCB released its 2010 payment statistics, which showed the number of checks decreasing by 7.1% from 2009, while payments with debit and credit cards expanded 23% in the same comparison, a press release reads.

As for the number of ATMs, it remained stabled in 2010 at 917 per 1mn individuals.

To read the full BCB study, in Portuguese, go to this link

Start your 15 day free trial now!


Already a subscriber? Please, login


Venezuelan banking association ABV said it will comply with a commitment made in early May to expand its mortgage lending portfolio to 12% from 10% as mandated by new government rules, a press release from the association reads.

ABV issued the release to rebut accusations by housing movement MOVIDA regarding Venezuelan banks' alleged lack of compliance with the new rules.


Credit demand from Brazil's corporate sector increased by 1.1% in January-May over the same period a year ago, credit information firm Serasa Experian said in a report.

Overall for the period, large corporations reported a 1.5% increase in credit demand, small firms a 1.2% increase and medium-sized enterprises a drop of 1.1%.

In May alone, corporate credit demand was up 6.2% from the same month a year ago, reversing the tendency seen in the previous two months of decreasing credit demand. When compared with April, credit demand expanded by 10.4%.

To explain the weaker credit demand, Serasa economists pointed to the series of hikes in the benchmark Selic interest rate, which has pushed credit costs up. Additionally, companies are preparing for Brazil's economy to expand more slowly, in light of macroprudential measures by the government during the last few months.