Brasília – The volume of credit in the financial system totalled 1.248 trillion Brazilian reals (US$ 592 billion) in April, a figure equivalent to 42.6% of the Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in Brazil. The figures were disclosed today (27th) by the Central Bank.
In March, the rate was 42.5%, and in April 2008, 35.8%. The Central Bank underscored the “maintenance of the favourable performance of public banks," which increased their share of total credit in the country from 37.5% in March to 37.7% in April, “with an emphasis on operations turned to the industry and habitation sectors.”
*Translated by Gabriel Pomerancblum
