BC: lending falls 17.5% in April – 05/30/2023 – Market

Loan concessions in Brazil retreated 17.5% in April compared to the previous month, informed the BC (Central Bank) this Tuesday (30), with the total stock of credit falling 0.1% in the period, the BRL 5.363 trillion.

In the month, financing concessions with free resources, in which loan conditions are freely negotiated between banks and borrowers, fell by 16.5% in relation to the previous month.

For operations with earmarked resources, which meet the parameters established by the government, there was a decrease of 27.0% in the period.

In the month, defaults in the free resources segment stood at 4.7%, against 4.5% in the previous month.

Average bank rates rose in April. Interest charged by financial institutions on free credit stood at 45.1%, an increase of 0.6 percentage points in relation to the previous month.

In earmarked resources, there was stability, with the rate remaining at 12.1% in the month.

The banking spread, the difference between the bank’s funding cost and the final fee charged to the customer, rose to 32.7 percentage points in free resources, against 31.7 points in the previous month.