São Paulo – The volume of credit operations in the Brazilian financial system grew by 0.2% in July from June and reached nearly US$ 1.223 trillion (or R$ 2.8 trillion), according to data from the Brazilian Central Bank. The figures concern the entirety of loans in the country.
Credit operations also increased year-to-date through July from the same period in 2013, by 4.4%, and in the twelve-month period ended July, by 11.4% from the previous twelve months.
The positive drive came from consumers. In July from June, the volume of credit to private individuals grew by 0.5%. Credit available to private individuals is running at 6.4% year-to-date through July and at 13.5% in the twelve-month period ended July.
Public banks keep leading the surge in volume of credit operations in Brazil.
*Translated by Rodrigo Mendonça
