SAO PAULO (Reuters) - Brazilian state-run lender Banco do Brasil SA (SA:BBAS3) said on Wednesday it has sold a 2.9 billion-real ($545.40 million) non-performing loan portfolio to BTG Pactual SA (SA:BPAC3).
In a securities filing, BB said the transaction has an estimated impact of 371 million reais ($69.77 million) in its third-quarter earnings before taxes.