FILE PHOTO: A woman wearing a protective face mask walks in front of Banco do Brasil (Bank of Brazil) cultural building during the coronavirus disease (COVID-19) outbreak, in Sao Paulo, Brazil, March 24, 2020. REUTERS/Amanda Perobelli
July 2, 2020
SAO PAULO (Reuters) – Brazilian state-run lender Banco do Brasil SA <BBAS3.SA> said on Wednesday it has sold a 2.9 billion-real ($545.40 million) non-performing loan portfolio to BTG Pactual SA <BPAC3.SA>.
In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($69.77 million) in its third-quarter earnings before taxes.
(Reporting by Carolina Mandl; Writing by Gabriela Mello; Editing by Sandra Maler)
