Brazil bank lending rises in October; defaults stable

BRASILIA Thu Nov 29, 2012 7:32am EST

BRASILIA Nov 29 (Reuters) - Outstanding loans in Brazil's banking system rose 1.4 percent in October from September, the central bank said on Thursday.

Loans in arrears for 90 days or more were the equivalent of 5.9 percent of outstanding loans last month, unchanged for a fourth month, according to the bank's report.