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Banco do brasil to increase loans for cars, homes, agriculture
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by SOLARLIFE | August 18, 2008 at 01:49 pm
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Banco do brasil to increase loans for cars, homes, agriculture
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Brasil's economy is doing well, after years of struggle. The sugar cane based alcohol production creates energy independance for cars. Brazil is the world's major soya bean exporter, it's currency 1 $US is valid 1,6 REAL Brazilian. A growing middle class starts to make holidays, building middle class economy, even poverty in the north is still not under control. video (portuguese)
Antonio Francisco de Lima Neto, president of Banco do Brasil SA, talked with Bloomberg's Telma Marotto and Leonardo Lara in Sao Paulo on Aug. 15 about the bank's plans to expand through acquisitions and increased lending for cars and homes, and strategy to remain the main lender to Brazil's agricultural businesses. Banco do Brasil, majority-owned by the Brazilian government, is Latin America's largest bank by assets
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Most RecentMost Recommended Comments (5)
at 04:55 on October 27th, 2008
Nice - but that was then. I remember when the Real was 1.6 and the Banco do Brasil slimmed the outside investor when the FX was traded to their favor (the govt.) about 1.3. So it turns like the worm. The Real is really now at 1.50- but the support can't last. I imagine it's going down to a "stay put" level at 3 to 1 USD and the same for Euro. Euro is nicely going down, now at 1.25, back where it should have been - and will descend to 1.12. The Pound - well, it's back to where it was in 1980.
at 08:37 on October 27th, 2008
Thanks mj, 1,50 Real buys one dollar. Brazil has production that sells soja beans etc. Europe with the Euro lost 10%, that's due to the 2.500 bn Euros criminal US banks/brokers robbed in 2008 with false sub-prime securites. The game is over, communist china will not bail out US with the 2 trillion dollar they really have.
at 05:22 on October 29th, 2008
What is going on in the currency marked? I am dutch and live in Brazil so I take the euro, US-Dollar and the Brazilian Real.(R$) In less than 1 month the results below!
Before 1 month before 1 week differend Today
Euro 1,-- = R$ 2,40 R$ 3,00 25% up for the euro R$ 2,8856
Euro 1,-- = $ 1.55 $ 1,26 20% down for the euro $ 1,2804
$ 1,-- = R$ 1,60 R$ 2,30 42% up for theUS$ R$ 2,2537
Personal problem is that in 3 weeks ik is not possible to use my maestro/cirruus debet card.
If the banks give me R$ than they have a big lost in US $ is my idea. In augsut I pay foor R$ 1008,-- S 647,77 In september $ 550,67 in begin of october $ 431,60
After that time the banks close everything and it is anymore possible to get monney out of the monney-engines. What is the solution. PLease email me.
Paul
at 05:31 on October 29th, 2008
My email is: p.p.-veenstra@hotmail.com and sorry for the misstakes I did make.
at 07:49 on October 29th, 2008
paulpiet, obviously your bank card, if it is a debit card ( no overdraft ) it should work. The thing I would recommend, is the old brazilian way keep a split of 1/3 Euros, 1/3 Dollars and 1/3 Reals at home in cash. It is true the last 20 years Brazil had no secure banks, people never trusted banks, kept money at home. 3 currencies don't probably not burst at once.