Delinquency on payroll loans for private sector workers (CLT) rose from 8.7% in June to 10% in July, reaching the highest value in the historical series that began in March 2011, according to Central Bank data. The indicator measures delays exceeding 90 days in the payment of loan installments.
The growth in delinquency has been happening continuously and sharply since November of last year, when the percentage was 5%. The rate doubled in less than a year, exceeding experts' expectations.
Fernando Rocha, head of the BC Statistics Department, commented that the phenomenon is quite significant in statistical terms, above what is usually observed in credit statistics series. According to him, part of the explanation for the accelerated growth is of a statistical nature, related to measures adopted by the government in March of last year.




