Credit in Brazil grows in 2020 at fastest pace since 2012, says Febraban

Bank lending in Brazil grew 15.4% in 2020, its fastest pace since 2012, showed Febraban research. The growth was driven by lending to companies, which sought money to tackle the Covid-19 crisis. The credit portfolio of companies grew 21.7 percent in 2020, while credit to individuals increased 10.8 percent, the survey found.

Source: Folha