Bras\u00edlia \u2013 The volume of bank credit operations totalled 1.389 trillion Brazilian reals (US$ 805 billion) in late November, expansion of 1.5% over October and 14.9% over the last 12 months, according to the Financial System Monetary Policy and Credit Operations Report, disclosed today (29) by the Central Bank (BC).<\/p>\n
The document shows that the expansion of credit reflects the return in the level of economic activity, so much so that the total number of loans is equivalent to 44.9% of Gross Domestic Product (GDP). The credit to GDP ratio was 38.9% in November last year, at the peak of the international financial crisis, when loans dropped.<\/p>\n
Of the total loans, 945.9 billion reals (US$ 544 million \u2013 68.1%) correspond to operations with free funds, being 464.8 billion reals (US$ 267 million) turned to families (growth of 1.3% in the month) and 423.8 billion reals (US$ 244 million \u2013 expansion of 1.5%) loans by companies. Credit turned to housing and agribusiness totalled 442.7 billion (US$ 255 billion), expansion of 1.8% in the month and 28% over the last 12 months.<\/p>\n
The credit borrowed by the public sector reached 57 billion reals (US$ 33 billion) in November, with growth of 2.7% over October. This expansion is due to the greater credit demand by states and cities, especially for investment in the areas of sanitation, housing and transport infrastructure.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The volume of credit operations reached some US$ 805 billion in late November, an increase of 1.5% in comparison with October and 15% over the last 12 months.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-33342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The volume of credit operations reached some US$ 805 billion in late November, an increase of 1.5% in comparison with October and 15% over the last 12 months.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=33342"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/33342\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=33342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=33342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=33342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}