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Asset quality deteriorates further in Brazil

Bnamericas Published: Friday, February 26, 2016
Asset quality deteriorates further in Brazil

Brazil's deep recession continues to negatively impact the financial system, which saw further asset quality worsening in January.

The non-performing loan ratio for loans overdue more than 90 days reached 3.5% at the end of January, up 0.1 percentage point from the previous month and up 0.7pp from a year ago, central bank figures show.

The NPL ratio for loans to companies was 2.7% and the ratio for loans to individuals was 4.3%.

Lending contracted 0.6% month-on-month in January and increased 6.2% in the 12 months through January, the figures show.

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