Reuters: Bankruptcy News: STXNEWS LATAM-Brazil companies increase loan demand in July-Serasa

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STXNEWS LATAM-Brazil companies increase loan demand in July-Serasa Aug 20th 2012, 19:56 Mon Aug 20, 2012 3:56pm EDT Brazilian corporate demand for bank loans rose 7.9 percent in July from the prior month, in a further indication that expectations of a recovery in economic activity and the impact of lower borrowing costs are likely to drive borrowing higher in coming months, credit research company Serasa Experian said on Monday. Still, on an annual basis, loan requests by large, small and mid-sized companies fell 3 percent. So far this year, corporate demand for bank loans is down 1 percent from the same period of 2011, Serasa said. On a sequential basis, small-sized companies ramped up requests for credit by 8.5 percent, while mid-sized and large companies showed no growth in demand for loans in July, the company said.

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