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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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
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