trending Market Intelligence /marketintelligence/en/news-insights/trending/dfj1kowfzx6zt64y3r7k4g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Renewal of Banco do Brasil's partnership with postal service would cost 4.7B reais

Brazil Pay TV Down Record Amount In 2019, With Losses Continuing In Q1'20

Case Study: Transforming Sales Enablement Data at a Global Advertising and Media Firm

Impact of COVID 19 on US Video Entertainment Trends

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19


Renewal of Banco do Brasil's partnership with postal service would cost 4.7B reais

The cost for Banco do Brasil SA to renew its banking partnership withthe national postal service, Correios, would cost some 4.7 billion Brazilianreais for an additional five-year contract, ValorEconômico reported, citing an unnamed source following the discussions.

Banco do Brasil reportedly views a potential renewal to runBanco Postal's operations unfavorably, as it doesn't see much in the operationas it focuses on capital preservation amid Brazil's economic woes.

The two parties are reviewing several regarding viability andcompensation models. The negotiations are expected to continue to the thirdquarter as the contract expires in December.

Brazil's federal audit court, the TCU, is reviewing aspectsof the partnership and has asked Banco do Brasil for information on theeconomic impact of a renewed contract. If the contract is terminated, TCU alsowants to understand the potential effect on Banco Postal's clients, the reportsaid.

Presently, Banco Postal has 6,150 service points and 1.98million account holders at the close of the first quarter. Between January andMarch, Banco do Brasil opened 111,200 accounts at Banco Postal, whiledisbursements were some 242 million reais, the publication noted.

As of July 22, US$1was equivalent to 3.28 Brazilian reais.