For Citi, the deterioration in delinquencies is far from over
O aumento da inadimplência no Brasil é generalizado – e o ciclo de deterioração está longe de terminar, o Citi disse num relatório enviado hoje a clientes. A piora da inadimplência costuma estar associada a condições de crédito mais restritivas, mas não é o que se vê no País, escreveu Gustavo Schroden, que lidera a […] The post Para o Citi, a piora da inadimplência está longe de terminar appeared…
Citi reports that Brazil is experiencing a generalised increase in default rates, with a deterioration cycle that is far from over. Despite stricter credit conditions, credit growth has risen to 56% of GDP this year, up from 46% in 2019, with personal loan approvals still above historical averages. The bank notes that although factors such as increased social benefits and a resilient job market should help stabilise household finances, this is not happening, with additional income being used to sustain consumption and pay existing debts.
Citi warns that the deterioration in default rates is widespread, across various loan types, and is likely to worsen before improving.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
