Loans: concessions in Brazil rise by 15.5% in May – 06/28/2023 – Market

Loan concessions in Brazil advanced 15.5% in May compared to the previous month, informed the Central Bank (BC) this Wednesday (28), with the total stock of credit advancing 0.3% in the period, the BRL 5.387 trillion.

In the month, financing concessions with free resources, in which loan conditions are freely negotiated between banks and borrowers, rose 14.7% in relation to the previous month. For operations with earmarked resources, which meet the parameters established by the government, there was an increase of 23.3% in the period.

In the month, the default in the segment of free resources was 4.9%, against 4.8% in the previous month.

Average bank rates advanced in May. Interest charged by financial institutions on free credit stood at 45.4%, an increase of 0.3 percentage points in relation to the previous month.

In earmarked resources, there was also an increase of 0.3 points in the month, to 12.4%.

The banking spread, the difference between the bank’s funding cost and the final fee charged to the customer, rose to 33.3 percentage points in free resources, against 32.7 points in the previous month.