February 27, 2020 / 12:47 PM / a month ago

Brazil bank lending falls 0.4% in January - central bank

BRASILIA, Feb 27 (Reuters) - The amount of outstanding loans in Brazil fell to 3.5 trillion reais ($787 billion) in January, marking a decline of 0.4% on the month and a rise of 7% from a year before, the central bank said on Thursday.

Lending spreads widened on the month to 28.3 percentage points from a downwardly revised 27.9 percentage points in December, while the 90-day default ratio rose to 3.8% in January from 3.7% in December. ($1 = 4.45 reais) (Reporting by Marcela Ayres Writing by Jamie McGeever Editing by Hugh Lawson)

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