Source: Reuters (via feed)
Brazilian lender BRB plans to request a loan of 3.3 billion reais ($637.37 million) from Brazil’s credit guarantee fund, FGC. The request is expected by the end of March. A person familiar with the matter reported that the loan is intended to support BRB’s capitalization efforts.
BizTrendWire Insight:
The loan request aims to contribute to BRB’s capitalization process. This involves Brazil’s credit guarantee fund, FGC.
The loan request aims to contribute to BRB’s capitalization process. This involves Brazil’s credit guarantee fund, FGC.
