April 28, 2020 / 12:54 PM / a month ago

Brazil bank lending spreads in March narrowest since Dec 2018

BRASILIA, April 28 (Reuters) - Bank lending spreads in Brazil narrowed in March to 27.5 percentage points, the narrowest since late 2018 and down from 28.9 percentage points the month before, while the 90-day default ratio was unchanged at 3.8%, the central bank said on Tuesday.

The amount of outstanding loans in Brazil rose to 3.6 trillion reais ($643 billion) in March, marking a rise of 2.9% on the month.

$1 = 5.60 reais Reporting by Jamie McGeever; Editing by Andrew Heavens

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