Brazil bank lending rises 1.8 pct in June as defaults drop

BRASILIA, July 26 Fri Jul 26, 2013 9:36am EDT

BRASILIA, July 26 (Reuters) - Bank lending in Brazil rose 1.8 percent in June from the prior month, the central bank said in a report on Friday.

Loans in arrears for 90 days or more, the industry's benchmark gauge for credit delinquencies, fell to 5.2 percent of outstanding loans last month from 5.5 percent in May, the report added.