Brazil Bank Lending Rises in September

Brazil's total outstanding loan stock rose 0.4% month-over-month to R$7.1 trillion in February 2026, with household credit up 0.6% and business credit stable at respective balances of R$4.5 trillion and R$2.7 trillion. Free resources credit grew 0.1% monthly and 7.7% over 12 months, totaling R$4.1 trillion. Free credit to businesses fell 0.3% monthly but rose 0.9% annually, reaching R$1.6 trillion. Free credit to households grew 0.3% monthly and 12.6% annually, hitting R$2.5 trillion. Directed credit stock reached R$3.1 trillion, rising 0.8% monthly and 12.2% over 12 months. Directed credit to businesses climbed 0.6% monthly and 17.7% annually to R$1.1 trillion. Directed credit to households rose 0.9% monthly and 9.5% annually, reaching R$2.0 trillion. Over 12 months, credit growth slowed to 9.6% from 10.1% through January.

Brazil's total outstanding loan stock declined 0.2% month-on-month to R$7.1 trillion in January 2026, reversing the prior month's 1.8% gain. The decrease was driven by a 1.7% contraction in corporate credit, which offset a 0.7% expansion in household credit to R$2.7 trillion and R$4.5 trillion, respectively. Year-over-year growth decelerated to 10.1% in January from 10.3% in December 2025.

Brazil’s total stock of outstanding loans rose 1.8% month-on-month to R$7.1 trillion in December 2025, following a 0.9% increase in November. Corporate credit climbed 3.3% to R$2.70 trillion, while lending to households expanded 1.8% to R$4.42 trillion. On a year-on-year basis, the balance of credit operations grew 10.2%, marking a deceleration from 2024, when growth reached 11.5%. The slowdown in 2025 was evident in both segments, with corporate credit rising 8.1% versus 9.9% in 2024, and household lending increasing 11.6% compared with 12.6% a year earlier.