July 2, 2020
SAO PAULO (Reuters) – Brazilian state-run lender Banco do Brasil SA <BBAS3.SA> said on Wednesday it has sold a 2.9 billion-real ($545.40 million) non-performing loan portfolio to BTG Pactual SA <BPAC3.SA>.
In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($69.77 million) in its third-quarter earnings before taxes.
(Reporting by Carolina Mandl; Writing by Gabriela Mello; Editing by Sandra Maler)
from One America News Network https://ift.tt/2NL5k9E
Banco do Brasil sells $545.4 million in loans to BTG Pactual
![Banco do Brasil sells $545.4 million in loans to BTG Pactual]()
Reviewed by Riyad
on
July 01, 2020
Rating:
No comments: