BRASILIA, July 30 Banco Bradesco SA
and Banco Santander Brasil SA have agreed to extend
new loans to power distributors, a government source told
Reuters on Wednesday, asking not to be named because the loans
had not been announced.
Bradesco, Santander, Banco do Brasil SA and Caixa
Economica Federal will lend 3.5 billion reais ($1.6
billion) and state development bank BNDES will lend
3.5 billion reais in a move that should be finalized in the
first half of August, the source said.
($1 = 2.25 Brazilian reais)
(Reporting by Luciana Otoni; Editing by Chris Reese)