Default rate in Brazil is within the world average
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The default rate on credit is one of the main reasons given by the Brazilian bankers for the spread (the difference between what the institution paid to capture the money and what charges to pass this along to customers) is quite high. However, a survey of the International Monetary Fund (IMF) shows that the ratio of loans in arrears and the total credit in Brazil is within the international average
The data show that the rate was 2.9% in the last quarter of last year, the most recent period available. In Argentina, the default rate was 2.5% in Mexico, also of 2.5% and in Venezuela, 2.3%.
The result is not very different when considering the other countries that are part of the BRIC (group formed by Brazil, Russia, India and China). In Russia, the rate was 2.5%, India 2.3% and in China, also 2.5%. Taking into account the developed countries, the numbers do not differ substantially: USA (2.3%), Japan (1.5%), France (2.7%) and Italy (4.6%) have default rates coming those registered in Brazil.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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