Brazil Bank lending increases by 1% in November

BRASILIA (Reuters, December 27th) – The outstanding loans in Brazil increased 1.0% in November compared to the previous month to 5.264 trillion reais ($1 Trillion), according to data from Tuesday’s central bank.

An extensive measure of Brazilian consumer-business default ratios increased by 4.3% to 4.2% in October. ($1 = 5.2484 Reis). (Reporting and Editing: Marcela Ayres; Editing: Andrew Heavens)