SAO PAULO (Reuters)-Laying concessions in Brazil fell 1.2% in February compared to the previous month, the Central Bank said on Wednesday, with the total credit stock rising 0.4% in the period, to R $ 6.487 trillion.
In the month, free funds financing concessions, in which loan conditions are freely negotiated between banks and borrowers, fell 3.0% over the previous month.
For operations with targeted resources, which meet parameters established by the government, there was a 19.1% increase in the period.
In the month, the default in the free resources segment was 4.5%, compared to 4.4% in the previous month.
The interest charged by the financial institutions in free credit were 43.7% in February, an increase of 1.5 percentage points compared to the previous month.
In targeted resources, there was a decrease of 0.8 point in the month, to 11.2%.
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Bank spread, a difference between the cost of bank capture and the final fee charged to the customer, advanced to 29.7 percentage points in free resources, compared to 28.1 points in January.
(By Camila Moreira)
