Reports in Valor today suggest that Banco do Brasil and BTG Pactual have bought BRL 1.1bn ($352mn) and BRL 2.7bn (£1.9bn) respectively of Caixa's bad loans, and that this is understood to be part of an ongoing programme that is due to complete at a sum of c. BRL$6bn ($863mn) by the end of the year.
Reports in Valor today suggest that Banco do Brasil and BTG Pactual have bought BRL 1.1bn ($352mn) and BRL 2.7bn (£863mn) respectively of Caixa's bad loans, and that this is understood to be part of an ongoing programme that is due to complete at a sum of c. BRL$6bn ($1.9bn) by the end of the year.