RIO DE JANEIRO, BRAZIL - Approximately 4.6 million borrowers in Brazil owe more than they can repay financial institutions. This is the Central Bank's (BC) report on risk indebtedness, which is made up of defaults, income commitments, loans of various types and income below the poverty line.
In Brazil, the population with an active debt portfolio reached 85 million borrowers in December 2019. Of this total, 5.4 percent, or 4.6 million borrowers, were in a risky debt situation, the Central Bank reported on June 4th, in the Banking Economy Report.
To conduct this study, the Central Bank . . .