Brazil bank lending jumps in December, defaults decline

BRASILIA Fri Jan 25, 2013 7:35am EST

BRASILIA Jan 25 (Reuters) - Outstanding loans in Brazil's banking system rose 2.4 percent in December from the prior month, the central bank said in a report on Friday.

Loans in arrears for 90 days or more were the equivalent of 5.8 percent of outstanding loans last month, according to the report.

Credit grew 16.2 percent in 2012, the report said.