MercoPress. South Atlantic News Agency
Banco do Brasil plans to expand into Chile, Peru and Colombia
Banco do Brasil, Latin America’s biggest bank by assets, is considering buying lenders in Colombia, Peru and Chile to attract corporate clients and increase business with Brazilian companies in the region. Last month the bank announced the reopening of its branch in Montevideo, Uruguay. Read full article
Comments
Disclaimer & comment rulesWelcome Brazil to Montevideo, we're getting good investments lately
Jun 16th, 2011 - 06:43 pm - Link - Report abuse 0A good bank - well worth expanding through the region.
Jun 17th, 2011 - 11:49 am - Link - Report abuse 0Since 1992 when it was reconstructed as a proper bank conforming to the proper rules of private/privatised banking (rather than being a conduit for government largesse, etc) it has become a force in its own right .
Go, BoB !
The story continues: http://www.soundsandcolours.com/articles/brazil/brazil-battle-against-inflation/
Jun 20th, 2011 - 11:29 am - Link - Report abuse 0@slaterino
Jun 20th, 2011 - 06:16 pm - Link - Report abuse 0What a sensationalistic article.
“Brazil’s central bank is desperately trying to grasp the reins of inflation”
Monthly inflation has been falling since February. I see no reason for hurry in lowering inflation. And I see no desperation in the CB's acts; in fact there's now more tolerance towards inflation. The CB is in fact expanding the time required to let inflation fall back to its 4.5% target to 2012. Under the previous inflation targeting regime annual inflation had to be kept at 4.5% for every year.
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