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SÃO PAULO – The Bank of Brazil announced that it had concluded with the federal government a third amendment to the credit transfer agreement resulting from the renegotiation of claims arising from the signed Rural Credit. in 2001, called Pesa. Under this agreement, the government will pay $ 1.649 billion to the bank.
According to BB, as part of the process of reconciling registrations for rural programs and services for the Union, the bank also reconciled several programs, among them: Bahrain Cocoa Recovery Program (PRLCB); Pronaf Finame / BNDES grants;
In addition, BB recorded provisions with no credit characteristics for the amounts entered on its balance sheet
] After the regularization of all these programs, BB states that "the residual impact is estimated on the fourth quarter of 2018 ", but does not specify what the value would be
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