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Brazil

CEF ups available credit to SMEs by EUR6.85bn

Brazilian federal savings bank Caixa Econ mica Federal (CEF) has upped its available credit to SMEs by BRL20bn (EUR6.85bn) for use by the end of 2008 (more…)

J. Malucelli opens credit insurance business

J. Malucelli, intends to offer insurance against damages caused by insolvent debtors, as well as policies insuring working capital and…


Brazilian government seek to minimise effects of global credit...

Brazilian President Luiz Inacio Lula da Silva has taken steps to ease the credit crunch that's hurting Brazil's small and…

#bank#Caixa#international


BNDES ups export financing program by US$2.28bn

Brazilian national development bank BNDES has increased its export financing program by BRL5bn (US$2.28bn) (more…)


Credito y Caucion plans to beat market in credit...

Spain's Crédito y Caución (CyC) predicts continued growth in Brazil's burgeoning credit insurance market and plans to beat the market…

#Atradius#exporters#insolvency


Brazil number 2 in the Americas

Brazil's factoring sector has been growing steadily over the past few years. (more…)


Accion looks to invest in Brazilian MFIs

Non-profit microcredit lender Accion International is currently investigating how to expand its scheme for funding to microfinance institutions (MFIs) to…

#conference#Credit Suisse#financial services


Santander unit wants 25% lending growth this year

Santander increased lending in Brazil 16.6% to reais 43.7bn (US$24.6bn) at end-2007 compared to the same time in 2006. (more…)

#bank#commercial lending#interest


Coface unit eyes 25% premium growth in 2008

Coface Brazil expects written premiums to rise 25% next year compared to 2007. (more…)

#AIG#bank#insurance


Coface nears control on SBCE

Coface is near to signing a deal to become the largest shareholder in SBCE.  (more…)


BNDES boosts lending to SMEs by 20%

Brazil's national development bank BNDES handed out reais57.7bn (US$30.4bn) in loans in the 12 months to end-May, up 26% on…

#bank#financial institutions#smes


BNDES boosts loans to SMEs by 49%

Brazil's national development bank BNDES generated reais9.10bn (US$4.69bn) in indirect loans to microenterprises and SMEs. (more…)

IIC grants ABN Amro unit US$100m credit line

The Inter-American Investment Corporation (IIC) has approved two credit lines of up to US$100m for the Brazilian unit of Dutch…

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