The value of loans in Brazil rose 0.3 percent month-over-month to BRL 3,241.4 billion in February 2019, following a downwardly revised 0.8 percent decline in the previous month. Loans to companies increased 0.1 percent to BRL 1,426.5 billion and loans to households went up 0.4 percent to BRL 1,814.9 billion. Year-on-year, bank loans advanced 5.5 percent, after a 5.0 percent gain in the prior month, as lending increased 9.0 percent to households and 1.4 percent to companies. Loan Growth in Brazil averaged 1.02 percent from 2007 until 2019, reaching an all time high of 3.68 percent in September of 2008 and a record low of -1.02 percent in January of 2017.
Loan Growth in Brazil is expected to be 0.40 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 2020, according to our econometric models.