BB boosts clients 21.5% in 2003
Bnamericas Published: Tuesday, January 06, 2004
Brazilian federal bank Banco do Brasil (BB) boosted its client base 21.5% last year to 18.7 million, local news service Agencia Brasil reported. The increase was due to BB's focus in 2003 on extending financing to low-income individuals and small enterprises, the report said. BB expects to continue its strong client growth this year as the Brazilian economy is set to rebound. "We're prepared to grow together with the economy in 2004," retail and distribution VP Edson Monteiro was quoted as saying. BB is Brazil's largest bank in terms of overall market share.
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