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Brazil

Factoring rebounds from 2002 lows

The stabilisation of the economy and decreasing interest rates in 2000 and 2001 led to growth in the factoring industry, which continued to expand despite the market turmoil of 2002. In the absence of a regulatory framework, there has been...

#bank#banks#factoring industry

BankBoston to target SMEs

BankBoston Brasil will increase its focus on small- and medium-sized enterprises (SMEs) this year by opening 25 new SME-targeted business…


Banco do Brasil boosts export lending 17%; SMEs benefit

Brazilian federal bank Banco do Brasil (BB) boosted export lending under its Proex programme by 17% in January to US$9.6m,…


BNDES increases small business lending

Brazil's national development bank BNDES boosted its lending to micro- and small-size enterprises by 20% to more than 10bn reais…

#bank#Caixa#funding


Euler Hermes to offer export credit insurance in 2004

Euler Hermes, the specialisist credit insurance company, is opening a new company in Brazil. Euler Hermes is part of the…


Euler Hermes to offer export credit insurance

The Brazilian credit insurance unit of German insurer AGF, Euler Hermes, plans to offer credit insurance for export operations in…


Flat economy with record exports

Brazil's central bank is forecasting economic growth cut by more than half, from 1.5 per cent to 0.6 per cent,…

#bank#economy#exports


Braskem S.A. raises US$30m against future export US$ receivables

Braskem S.A, leader in the thermoplastics segment in Latin America and among the five largest Brazilian privately-owned industrial companies, today…


Euler & Hermes to compete with Coface in export-guarantee...

Euler do Brasil, the local credit insurance unit of German financial group Allianz, has received government authorisation to insure export…


Interest rates raised in effort to curb inflation

Brazil's central bank raised interest rates for the second time in a month to curb what new President Luiz Inбcio…

#bank#banks#emerging markets


Coface reduces exposure 15%

Coface, the French credit insurance specialist, has reduced its exposure to Brazil by 15% to US$1.08bn, daily Valor Economico reported.…

#AIG#banks#emerging markets


Brazil rates up by three points to 25%

Brazil's central bank on Wednesday increased its key interest rate by 3 percentage points to 25 per cent in an…

B2B credit reporting portal to sign up 25,000 by...

Brazil's credit reporting network RNPN ( http://www.rnpn.com.br.) expects 25,000 member companies will use its B2B services by the end of…

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