Central Bank of Brazil takes action to boost credit
Country has about 1,150 co-operative lenders
The Central Bank of Brazil has cut the minimum capital thresholds for co-operative banks, which are now also allowed to issue local debt notes, in a move aimed at broadening access to credit in the country.
The institution yesterday announced a cut to the minimum capital thresholds for co-operative banks from 50% to 20%, a measure designed to reduce banks' "operational costs and give them better conditions for growth", the central bank said in a statement.
The central bank is making available as
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