trending Market Intelligence /marketintelligence/en/news-insights/trending/M7VKlM9lfdr_wyQU-fWRsw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Brazil's central bank now expects weakest loan growth since 2007

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Brazil's central bank now expects weakest loan growth since 2007

Banco Centraldo Brasil lowered its loan growth forecast for 2016 to 5% from 7%, Valor Econômico reported March 30.

The revision was reportedly triggered by rising interestrates and reduced lending appetite from banks.

If the new outlook comes to pass, it will be the worst yearfor credit growth since 2007, according to the report.

The central bank also expects rising corporate defaults givencontinued credit market deterioration, the publication noted. Data releasedfrom the central bank on March 29 showed that the ratio of overdue loans over90 days for general credit lines that do not fall under allocation requirementswas 5.5% in February, the highest level since 2011.