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Grupo BTG Pactual repays Brazil guarantee fund loan in full
October 19, 2016 / 8:25 PM / a year ago

Grupo BTG Pactual repays Brazil guarantee fund loan in full

SAO PAULO, Oct 19 (Reuters) - Grupo BTG Pactual SA , the Brazilian investment bank that suffered heavy client money withdrawals following the November arrest of former Chief Executive André Esteves, has repaid the remaining portion of a 6 billion-real ($1.9 billion) lifeline taken last year.

The São Paulo-based bank did not elaborate on Wednesday on the amount repaid to the lender, privately owned Fundo Garantidor de Crédito. FGC, as the lender is known, is a deposit guarantee fund owned and financed by Brazilian banks.

$1 = 3.17 reais Reporting by Guillermo Parra-Bernal; Editing by Will Dunham

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