March 18, 2020 / 8:33 PM / 18 days ago

Banco do Brasil announces 100 bln reais credit line amid coronavirus outbreak

RIO DE JANEIRO, March 18 (Reuters) - Banco do Brasil SA on Wednesday announced a credit line of 100 billion reais ($19 billion) for individuals, businesses, agriculture and local governments to cope with the global coronavirus outbreak.

Nearly half of the total amount will be offered for companies and 24 billion reais for individuals.

$1 = 5.1581 reais Reporting by Gabriel Stargardter Editing by Chris Reese

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