BC lends $ 3 bn with financial guarantee to 27 banks

The Central Bank announced that it approved the release of R$ 17.5 billion ($ 3 billion) in loans to 27 financial institutions related to the first tranche of the Special Temporary Liquidity Line by issuing a Guaranteed Financial Bill, an initiative launched in March to support banks amidst to the coronavirus crisis. The following tranches will run until the end of 2020, reaching, in aggregate, 100% of the institutions’ reference assets.

Source: UOL Economia