Brazil Nossa Caixa sees loan portfolio up 50 pct-CEO
SAO PAULO, July 6 (Reuters) - Banco Nossa Caixa (BNCA3.SA), the Brazilian lender recently purchased by state-owned giant Banco do Brasil (BBAS3.SA), said on Monday it expects loan concessions to rise about 50 percent this year and add 60,000 corporate customers.
Sao Paulo-based Nossa Caixa, formerly controlled by the state of Sao Paulo, had a loan portfolio of 11.1 billion reais ($5.6 billion) at the end of last year. The bank will create a new line of corporate loans for small- and medium-size companies at lower borrowing costs, Chief Executive Demian Fiocca told journalists at an event in Sao Paulo.
He said Nossa Caixa might soon unveil details of measures to encourage more individual borrowing, and that it recently started offering payroll-deducted loans to pensioners and retirees in Brazil.
Banco do Brasil agreed to buy Nossa Caixa in November 2008 for 5.39 billion reais, spurring further consolidation in the banking sector of Latin America's biggest economy. (Reporting by Aluisio Alves, Writing by Guillermo Parra-Bernal; editing by Gunna Dickson)
