STXNEWS LATAM-Brazil corporate loan demand edges up in Jan vs yr ago -Serasa

Mon Feb 17, 2014 7:50am EST

Total demand for loans among Brazilian companies rose 0.2 percent in January from the same month last year as mid-sized businesses remained more prudent in the face of higher interest rates, a weaker local currency and uncertainty over future economic growth, research firm Serasa Experian said on Monday.

Demand for credit grew 6 percent in January from December, mostly due to two additional working days in the month, Serasa said.