Interest rates on credit for companies and individuals rose in April, according to data released today (27) by the Central Bank (BC).
The average interest rate for individuals and companies rose 0.8 percentage points from March, to 50.3% per year and 22.4% per year, respectively.
Credit card revolving is the highest rate for individuals: it rose 4.9 percentage points to 364% per year in April. The revolving credit is the credit taken by the consumer when he pays less than the full amount of the card bill. Revolving credit lasts 30 days. After this period, financial institutions pay the debt in installments.
In the installment mode of purchases by credit card, interest reached 175.1% per year in April, with an increase of 3.4 percentage points.
The overdraft had an average rate of 132.7% per year, up 4.9 percentage points.
Payroll loans (with payroll deduction) increased by 0.5 percentage point to 24.1% per year.
The only modality researched by the BC that registered a drop in interest rates was personal credit. The rate reached 87% per year, with a reduction of 1 percentage point in relation to March.
default
Delinquency, considered delays of more than 90 days for individuals, rose 0.1 percentage point, reaching 5%. In the case of companies, it was stable in relation to March at 1.7%.
All data are from free credit, in which banks have the autonomy to lend money raised in the market and set the interest rates charged to customers.
directed credit
In the case of earmarked credit (loans with rules defined by the government, intended basically for the housing, rural, infrastructure and microcredit sectors), interest rates for individuals rose 0.2 percentage point to 9.7% per year. The fee charged to companies rose 3.1 percentage points to 14.6% per year.
Defaults on earmarked credit remained stable for companies (1.1%) and individuals (1.5%).
Loan balance
The stock of all loans granted by banks stood at R$4.8 trillion in April, up 0.8% from March and 16.8% in 12 months. This credit balance corresponded to 53.7% of everything the country produces – the Gross Domestic Product (GDP) – with a reduction of 0.2 percentage point compared to March and an increase of 1.1 percentage point, in 12 months .
In the report, the BC highlights that the balance of credit operations with free resources to companies totaled R$ 1.3 trillion in April, with increases of 1% in the month and 16.8% in 12 months. “This result showed acceleration in relation to the previous month, when it increased by 15.7% in the interannual comparison. Among the main types of credit that contributed to the performance of the corporate segment in the month, the highlights were the advance on exchange contracts (ACC), 8.3%, working capital with a term of more than 365 days, 1 .8%, and export financing, 1.8%”.
In the case of free credit to families, the balance reached R$ 1.6 trillion in April, with an increase of 1.8% in the month and 25.6% compared to the same period of the previous year. “By modalities, the highlight was the expansion in the personal payroll loan portfolio for INSS retirees and pensioners, 5.2%, driven by the recent increase in the consignment margin [de 35% para 40%]”, says BC.
The municipality also highlights the increase in “personal payroll loan portfolios for public sector workers, 1.1%, non-consigned personal credit, 1.4%, and total credit card, 2%”.
Article amended at 10:57 am to add information in the last paragraphs.
