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: Steve Fancy who wrote (11564)	1/13/1999 1:28:00 PM
From: Steve Fancy	Read Replies (1) of 22640

BankBoston Confident Of Near-Term Performance In Brazil Dow Jones Newswires BOSTON -- BankBoston Corp. (BKB) said Wednesday it remains "confident" in its near-term performance in Brazil, and its outlook for the remainder of the year continues to be "positive." In a press release, the company said it is monitoring events in Brazil very closely. "We have a very focused and well-positioned business that has performed well over the 50 years we've operated in Brazil, and it is prepared to take advantage of market turbulence," said BankBoston. In addition to cross-border credit exposures, BankBoston has banking operations in Brazil. The bank has total assets of about $73.8 billion, and about $5.5 billion of those are in Brazil, according to a report earlier Wednesday.

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