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PFG Provident Financial Plc

225.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Provident Financial Plc LSE:PFG London Ordinary Share GB00B1Z4ST84 ORD 20 8/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 225.00 223.60 224.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Banco do Brasil Studies Partnership With Insurance Cos

18/08/2009 11:28am

Dow Jones News


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Brazil's government-controlled bank Banco do Brasil SA (BBAS3.BR) confirmed late Monday that it is studying partnerships with various insurance companies in order to restructure its existing operation.

The bank, however, did not unveil other details.

On Monday, local press reported that Banco do Brasil is evaluating partnerships with U.S. firm Principal Financial Group Inc.'s (PFG), Spain's Mapfre SA (MAP.MC) and local insurance company Sulamerica.

Banco do Brasil, which is Brazil's largest bank in terms of assets, hired UBS in order to study a model for the partnerships, according to the local press.

Currently, the bank's pension and insurance division represents 14% of its revenues.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-2847-4521; rogerio.jelmayer@dowjones.com

 
 

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