Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.160

-3.3%

Oct 31 9:30 AM EDT

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To: Art Baeckel who wrote (22571)	5/28/2002 3:44:24 PM
From: Art Baeckel	Read Replies (1) of 22640

DJ Brazil Unibanco Buys Santander Paraguayan Credit Card Arm 05/28/2002 Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) SAO PAULO (Dow Jones)--Unibanco-Uniao de Bancos Brasileiros SA (UBB) Tuesday said it bought the credit card portfolio of a Paraguayan unit of Santader Central Hispano SA (STD). Brazil's sixth largest retail bank didn't comment on the value of the deal. Via its Paraguayan unit, Unibanco is buying the credit portfolio from Santander's Banco de Asuncion. The move will increase Unibanco's credit card portfolio by 35% to 22,700 credit card users. This compares with 3.6 million credit cards issued by Unibanco in Brazil during the first quarter of this year. -By Anthony Dovkants, Dow Jones Newswires; 55-11-3145-1478; anthony.dovkants@dowjones.com (END) DOW JONES NEWS 05-28-02 09:02 AM ART

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