Brasília – Household delinquency levels in Brazil remained flat over the last four months, at the lowest level ever on Central Bank records, at 5%. The number concerns debts in arrears for over 90 days.
The head of the Central Bank’s Statistics Department. Fernando Rocha, said low delinquency rates are due to a gradual recovery of the economy, improved client profiling by banks, and more active post-loan management, including renegotiations designed to keep borrowers solvent.
In August, a combined BRL 3.155 trillion were on loan from banks in Brazil.
Translated by Gabriel Pomerancblum
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