Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

-0.1%

Nov 25 3:59 PM EST

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To: MGV who wrote (6549)	8/12/1998 11:20:00 AM
From: Steve Fancy	Read Replies (4) of 22640

Brazil To Launch Credit Risk Database For Banking System Dow Jones Newswires BRASILIA -- Starting next week, Brazilian banks will have access to a Central Bank credit risk database that identifies people and companies with overdue loans, an official said Tuesday. The database will list the names and fiscal identification numbers of borrowers who have debts surpassing 50,000 reals (BRL)($1=BRL1.17), said Luiz Carlos Alverez, head of the Central Bank's banking inspection department. Only banks will have access to the database, he said. The Central Bank took two years to develop the database. It will begin with information reported by banks for the month of June. The lack of information on borrowers in the banking system allowed people and companies to take out loans in several banks despite their poor records.

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