Notícias | Notícias do BPN Brasil

07/11/2007

IFC Signs up BPN for Trade Finance.

The IFC has signed up Banco Portugues de Negocios do Brasil (BPN) as an issuing bank for its global trade finance program. BPN is a midsize bank that focuses on lending to small and medium sized businesses, mainly in the southeast of the country. It is the eighth issuing bank in Brazil to join the IFC network. “The demand for trade finance products among our corporate clientele has increased in recent years as a result of the growing internationalization of the Brazilian economy,” says Carlos Catraio, BPN’s CEO. “The IFC program will help us meet this demand and improve our customers’ access to developing markets.”

The IFC trade finance program promotes trade with emerging markets worldwide by supporting flows of goods and services to and from developing countries. IFC provides guarantee coverage of bank risk in EM, allowing recipients to expand their trade finance transactions within an extensive network of countries and banks and to enhance their trade finance coverage.

EuroFinance

voltar