The value of loans in Brazil increased 1.9 percent over a month earlier to BRL 3,809 million in September of 2020, the same as in the previous month. Lending to companies rose 2.6 percent to BRL 1,688 million (vs 2.3 percent in August); and lending to households advanced 1.4 percent to BRL 2,121 million (vs 1.6 percent in August). Year-on-year, bank loans jumped 13.1 percent, following an upwardly revised 12.2 percent gain in the prior month.
Loan Growth in Brazil averaged 0.99 percent from 2007 until 2020, reaching an all time high of 3.70 percent in September of 2008 and a record low of -1 percent in January of 2017. This page provides the latest reported value for - Brazil Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Loan Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Loan Growth in Brazil is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Brazil to stand at 0.50 in 12 months time. In the long-term, the Brazil Loan Growth is projected to trend around 0.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.