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Struggling Portuguese lender Banif-Banco Internacional do Funchal SA plans to close its operations in Brazil and settle its liabilities by the end of August, Valor Econômico reported, citing documents the bank's local unit submitted to Brazil's central bank, Banco Central do Brasil.
Banif has had a presence in Brazil since 1998, and its local operations include Banif - Banco Internacional do Funchal (Brasil) SA.
The...