Bloomberg News

Brazil Bank Loan Delinquency at Highest Since 2009, Estado Says

April 15, 2012

Bank loan delinquency in Brazil is at the highest level since September 2009, Estado de S. Paulo reported, citing central bank data.

In February, for every 100 reais ($54) banks have lent to individuals, payments on 14.02 reais were more than 15 days behind, the newspaper said. A total of 73 billion reais in loans were delinquent more than 15 days, a number that has risen 44 percent in the past 12 months, Estado said.

On car loans, 5.5 percent were more than 90 days delinquent in February, and an additional 8.4 percent were 15 to 89 days behind, the newspaper said.

To contact the reporter on this story: Harry Maurer in Rio de Janeiro at hmaurer@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net


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