Brazilian banks increased their provisions against bad debt by 21% last year to 115B reais...

|By:, SA News Editor

Brazilian banks increased their provisions against bad debt by 21% last year to 115B reais ($67.3B). With pressure increasing on borrowers, Brazilian families are now spending about half of their incomes to service debt, with the highest default rates among so-called "Class A" consumers, higher-income individuals perceived as having the lowest risk of default.