National Bank of Abu Dhabi to Boost Latin America Lending - Bloomberg

National Bank of Abu Dhabi to Boost Latin America Lending - Bloomberg:



"National Bank of Abu Dhabi PJSC, the emirate’s biggest lender, plans to expand corporate loans in Latin America by about 20 percent this year.



NBAD will boost lending and offer other types of products to Latin American companies that do business in countries the bank considers a priority, including those in the Far East, Middle East and Africa, Angela Martins, the bank’s chief representative in Brazil, said in an interview in Sao Paulo.



Loans linked to Latin America should rise to more than $720 million by the end of this year, Martins said last week. NBAD’s businesses include hedging, providing exchange-rate transactions for currencies with low trading volume and distributing Latin American loans and bonds in the Middle East, with a focus on Brazil, Chile and Peru.



“Since we did many deals with banks in 2013, this year we plan to focus more on companies,” Martins said."



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