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Montevideo, January 22nd 2019 - 12:40 UTC

Tag: Banco do Brasil

  • Saturday, May 26th 2018 - 08:32 UTC

    Odebrecht begins paying debts and fines following financial agreement

    Odebrecht said that Itaú Unibanco Holding SA and Banco Bradesco SA, Brazil's top two lenders, will give Odebrecht a joint loan of 2.6 billion reais.

    Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais (US$709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, according to sources quoted by Reuters. Under the terms of an agreement announced on Friday, the engineering group, at the center of a corruption scandal, will repay a 100 million reais debt to Banco do Brasil.

  • Friday, March 22nd 2013 - 07:09 UTC

    Moody’s marks eroding capital position of two of Brazil’s main state-run banks

    The two banks were ordered by President Dilma Rousseff to boost credit access for individuals and companies

    Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.