Posts Tagged ‘Banking Brazil’

Brazil creates tourist image bank for free-of-charge use worldwide

Comments Off | 01-11-2013

The Brazilian Tourism Board (Embratur) is currently bringing together images from all five regions of Brazil. The goal is to renew the image bank of Brazilian tourist attractions, focusing on the Sun and Beach, Ecotourism, Sports, Culture, Business and Events segments. In all, 25,000 new images will be made available free of charge, to be [...]

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Caixa Econômica Bank opens agencies in Europe for Brazilians who wish to withdraw from their Guarantee Fund

Comments Off | 05-10-2012

The Federal bank, Caixa Econômica, and the Ministries of Foreign Affairs and Labor & Employment have launched a service to attend request for withdrawals from the Workers’ Guarantee Fund (FGTS) for Brazilians living in Europe. The launching ceremonies take place today (May in London, England and Thursday (May 10) in Paris, France. The first [...]

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Central Bank maintains in 3.5% the estimative of economic growth this year

Comments Off | 04-3-2012

The Central Bank (BC) maintained the estimative of economic growth – Gross National Product (GNP) – this year in 3.5%. The information is part of the Inflation Report released this week by the Central Bank.
According to the institution, the Brazilian economic activity has showed a moderate decrease in 2012, due to the effects of the [...]

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BRICS study group creation to organize a development bank

Comments Off | 03-31-2012

Brazil, Russia, India, China and South Africa will join efforts to have a specific development bank for the group of BRICS – formed by five countries. A working group formed by technicians from five nations will conduct the studies to organize and put together the financial institution.  However, before consolidation, the group will internally negotiate [...]

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Brazilian Development Bank (BNDES) approves R$ 1.8 billion in financing for 26 wind parks in Northeast Brazil

Comments Off | 12-15-2011

The Brazilian Development Bank (BNDES) has approved funding for the construction of 26 wind farms, all in the State of Rio Grande do Norte, totaling R$ 1.8 billion, directed to four distinct projects. The enterprise will total an installed capacity of 628.8 megawatts and will demand total investments of R$ 2.6 billion.
With such new financing, [...]

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NCR and Scopus Tecnologia ink agreement to accelerate growth in Brazil

Comments Off | 08-6-2011

NCR Corporation and Scopus Tecnologia Ltda, a wholly-owned subsidiary of Banco Bradesco SA, announced Friday the formation of a strategic alliance for the manufacturing and development of ATMs in Brazil that will see Scopus acquire a 49 percent equity stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering operations.
Concurrently, Banco Bradesco signed an agreement with [...]

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Banco Bradesco S.A. gains shareholding control of Banco do Estado do Rio de Janeiro S.A

Comments Off | 05-26-2011

Banco Bradesco S.A. (Bradesco) acquired shareholding control of Banco do Estado do Rio de Janeiro S.A. (BERJ) from the Government of the State of Rio de Janeiro. The investment involved the purchase of 96.99% of common shares and 95.21% of preferred shares, representing 96.23% of BERJ’s capital stock, for a total of R$1.025 billion.
With the [...]

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MasterCard and Rev Worldwide launch Brazil’s first Prepaid Card for everyday purchases with Banco PanAmericano

Comments Off | 05-9-2011

MasterCard and Rev Worldwide launched Brazil’s first prepaid card for everyday purchases with Banco PanAmericano. The prepaid card services will be available throughout all participating PanAmericano stores in Brazil.
The PanAmericano MasterCard Prepaid Card is the only general purpose reloadable prepaid card available in Brazil today and does not limit the card’s use to specific transactions [...]

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Malta based FIMBank in Brazil joint venture with IFC and BICBANCO

Comments Off | 05-4-2011

FIMBank, the Malta-based Trade Finance Bank, has reached an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, and Brazilian bank BICBANCO, to invest in a new factoring joint venture in Brazil.
FIMBank and BICBANCO will each acquire a 40 per cent stake in this company while the IFC will acquire [...]

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Banco Santander Brasil SA increases headcount to meet growing demand as Brazilian economy grows

Comments Off | 03-29-2011

Bloomberg reported that Banco Santander Brasil SA is planning to increase its headcount of 122 private bankers by upwards of 20 per cent this year as Brazil’s economic growth fuels demand for wealth management services. In an interview with Bloomberg, Maria Eugenia Lopez, head of Santander Brasil’s private-banking unit, said the positive economic moment Brazil [...]

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