New Basle norms favour SME lending - Brazil

BRAZIL - New Basle norms that will be applied in Brazil and other developing countries in 2006 will loosen reserve requirements for banks lending to small- and medium-sized enterprises (SMEs), Brazilian daily Panorama Brasil reported on Tuesday.

As a result the SME segment will have access to cheaper loans, central bank oversight director Tereza Grossi said on Monday at a conference in Sao Paulo.

The more lenient reserve levels for SME loans were approved because few banks cater to this segment

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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