Brasília – The total volume of credit available in Brazil was 1.327 trillion reals (US$ 725 billion) in August this year, growth of 1.5% compared with the result recorded in July. The ratio of credit to Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, was 45.2% last month, as against 44.8% in July this year, and 36.7% in August 2008. The information was disclosed today (29th) by the Central Bank of Brazil.
According to the bank, “operations targeting families continue growing at a higher rate, driven mainly by the performance of consigned credit.”
With regard to companies, there has been “moderate growth, with relevant shares consisting of credit to the rural, habitation and infrastructure sectors, and of operations pertaining to working capital for companies.”
*Translated by Gabriel Pomerancblum
