The Brazilian unit of French credit insurer Coface expects to increase premiums from domestic credit insurance 40% a year for the next three years. Coface do Brasil increased domestic credit insurance premiums
Brazil's fourth largest private sector bank Santander Banespa expects to lend 1bn reais (US$451m) to SMEs before the end of the year, with annual revenues up to 20m reais.
Brazil's central bank has given the go-ahead for federal savings bank Caixa Econ mica Federal (CEF) to provide financing for exports. CEF will focus on financing exports of small- and medium-sized enterprises
Brazil's national development bank BNDES has set aside reais 1bn (US$468m) to form a line of credit for medium-sized companies with annual revenues of reais 60m - 300m
The Inter-American Development Bank (IDB) has included Brazilian bank Banco Pine as an issuing bank in its regional trade finance facilitation programme
Brazilian federal bank Banco do Brasil (BB) is betting heavily on a new line of credit for small- and medium-sized exporters with annual sales up to reais 5m (US$2.29m)
The International Finance Corporation (IFC), the private sector arm of the World Bank, has added Brazilian bank Banco BMC to the list of issuing banks in its global trade finance programme
The Brazilian subsidiary of French credit insurer Coface closed the first quarter this year with reais 15m (US$6.71m) in premiums, the insurer announced in a statement.