Consigned credit volume exceeds $78 bn

The volume of consigned credit broke a record in January of this year, with R$ 442.8 billion ($78 bn) contracted. According to data from the Central Bank, this is the highest amount ever recorded for this type of loan. In one year, the total value increased 14%, coinciding with the period of the coronavirus pandemic. In January 2020 it was R$ 388.6 billion ($69 bn). The modality is granted to those who have salary, retirement or pension credited to current account.

Source: R7 Economia