Brazil's Rio Grande do Sul state wants to avoid privatization of its bank: governor

BRASILIA (Reuters) – The governor of Brazil’s southern state Rio Grande do Sul, Eduardo Leite, said on Wednesday he wants to avoid the privatization of the regional bank controlled by the state.

Leite told reporters he expects the state’s pension and administrative reforms would be enough for the federal government to approve the refinancing of its debt without the sale of its regional bank, Banco do Estado do Rio Grande do Sul (SA:), known as Banrisul.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.